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Compare Faroe Islands (2007) - British Virgin Islands (2006)

Compare Faroe Islands (2007) z British Virgin Islands (2006)

 Faroe Islands (2007)British Virgin Islands (2006)
 Faroe IslandsBritish Virgin Islands
Administrative divisions none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 34 municipalities none (overseas territory of the UK)
Age structure 0-14 years: 20.6% (male 4,882/female 4,904)


15-64 years: 65.3% (male 16,353/female 14,668)


65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.)
0-14 years: 20.5% (male 2,403/female 2,331)


15-64 years: 74.3% (male 8,811/female 8,340)


65 years and over: 5.3% (male 636/female 577) (2006 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish fruits, vegetables; livestock, poultry; fish
Airports 1 (2007) 3 (2006)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2007)
total: 2


914 to 1,523 m: 1


under 914 m: 1 (2006)
Airports - with unpaved runways - total: 1


914 to 1,523 m: 1 (2006)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 153 sq km


land: 153 sq km


water: 0 sq km


note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the islands of Tortola, Anegada, Virgin Gorda, Jost van Dyke
Area - comparative eight times the size of Washington, DC about 0.9 times the size of Washington, DC
Background The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self government was attained in 1948. First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency.
Birth rate 14.12 births/1,000 population (2007 est.) 14.89 births/1,000 population (2006 est.)
Budget revenues: $588 million


expenditures: $623 million (2005)
revenues: $204.7 million


expenditures: $180.4 million; including capital expenditures of $33.8 million (1997)
Capital name: Torshavn


geographic coordinates: 62 01 N, 6 46 W


time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
name: Road Town


geographic coordinates: 18 27 N, 64 37 W


time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Climate mild winters, cool summers; usually overcast; foggy, windy subtropical; humid; temperatures moderated by trade winds
Coastline 1,117 km 80 km
Constitution 5 June 1953 (Danish constitution) 1 June 1977, amended in 2000
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: none


conventional short form: British Virgin Islands


abbreviation: BVI
Death rate 8.69 deaths/1,000 population (2007 est.) 4.42 deaths/1,000 population (2006 est.)
Debt - external $64 million (1999) $36.1 million (1997)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 overseas territory of the UK; internal self-governing
Diplomatic representation from the US none (self-governing overseas administrative division of Denmark) none (overseas territory of the UK)
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) none (overseas territory of the UK)
Disputes - international because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm none
Economic aid - recipient $105 million; note - annual subsidy from Denmark (2005) $NA
Economy - overview The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1998. Tourism suffered in 2002 because of the lackluster US economy. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.
Electricity - consumption 269.7 million kWh (2005) 32.13 million kWh (2003)
Electricity - exports 0 kWh (2005) 0 kWh (2003)
Electricity - imports 0 kWh (2005) 0 kWh (2003)
Electricity - production 290 million kWh (2005) 34.55 million kWh (2003)
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Caribbean Sea 0 m


highest point: Mount Sage 521 m
Environment - current issues NA limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments)
Environment - international agreements party to: Marine Dumping -associate member to the London Convention and Ship Pollution -
Ethnic groups Scandinavian black 83%, white, Indian, Asian and mixed
Exchange rates Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002) the US dollar is used
Executive branch chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)


head of government: Prime Minister Joannes EIDESGAARD (since 3 February 2004)


cabinet: Landsstyri appointed by the prime minister


elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 20 January 2004 (next to be held no later than January 2008)


election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor David PEAREY (since 18 April 2006)


head of government: Chief Minister Dr. Orlando D. SMITH (since 17 June 2003)


cabinet: Executive Council appointed by the governor from members of the Legislative Council


elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed chief minister by the governor
Exports NA bbl/day NA bbl/day
Exports - commodities fish and fish products 94%, stamps, ships (1999) rum, fresh fish, fruits, animals; gravel, sand
Exports - partners Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) Virgin Islands (US), Puerto Rico, US (2004)
Fiscal year calendar year 1 April - 31 March
Flag description white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag) blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful)
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 1.8%


industry: 6.2%


services: 92% (1996 est.)
GDP - real growth rate 2.4% (2005 est.) 1% (2002 est.)
Geographic coordinates 62 00 N, 7 00 W 18 30 N, 64 30 W
Geography - note archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands strong ties to nearby US Virgin Islands and Puerto Rico
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA%


highest 10%: NA%
Illicit drugs - transshipment point for South American narcotics destined for the US and Europe; large offshore financial center makes it vulnerable to money laundering
Imports NA bbl/day NA bbl/day
Imports - commodities consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) building materials, automobiles, foodstuffs, machinery
Imports - partners Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006) Virgin Islands (US), Puerto Rico, US (2004)
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) none (overseas territory of the UK)
Industrial production growth rate 8% (1999 est.) NA%
Industries fishing, fish processing, small ship repair and refurbishment, handicrafts tourism, light industry, construction, rum, concrete block, offshore financial center
Infant mortality rate total: 6.01 deaths/1,000 live births


male: 7.25 deaths/1,000 live births


female: 4.76 deaths/1,000 live births (2007 est.)
total: 16.72 deaths/1,000 live births


male: 19.5 deaths/1,000 live births


female: 13.79 deaths/1,000 live births (2006 est.)
Inflation rate (consumer prices) 1.8% (2005) 2% (2005)
International organization participation Arctic Council, IMO (associate), NC, NIB, UPU Caricom (associate), CDB, Interpol (subbureau), IOC, OECS (associate), UNESCO (associate), UPU
Irrigated land 0 sq km NA
Judicial branch none Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction
Labor force 24,250 (October 2000) 12,770 (2004)
Labor force - by occupation agriculture: 33%


industry: 33%


services: 34% (October 2000)
agriculture: 0.6%


industry: 40%


services: 59.4%
Land boundaries 0 km 0 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
arable land: 20%


permanent crops: 6.67%


other: 73.33% (2005)
Languages Faroese (derived from Old Norse), Danish English (official)
Legal system the laws of Denmark, where applicable, apply English law
Legislative branch unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)


elections: last held 20 January 2004 (next to be held no later than January 2008)


election results: percent of vote by party - Union Party 23.7%, Social Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, People's Party 7, Center Party 2, Independence Party 1


note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held in February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1
unicameral Legislative Council (13 seats; members are elected by direct popular vote, 1 member from each of nine electoral districts, 4 at-large members; members serve four-year terms)


elections: last held 16 May 2003 (next to be held in 2007)


election results: percent of vote by party - NA%; seats by party - NDP 8, VIP 5
Life expectancy at birth total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 est.)
total population: 76.68 years


male: 75.56 years


female: 77.84 years (2006 est.)
Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
definition: age 15 and over can read and write


total population: 97.8% (1991 est.)


male: NA%


female: NA%
Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico
Map references Europe Central America and the Caribbean
Maritime claims territorial sea: 3 nm


continental shelf: 200 nm or agreed boundaries or median line


exclusive fishing zone: 200 nm or agreed boundaries or median line
territorial sea: 3 nm


exclusive fishing zone: 200 nm
Merchant marine total: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT


by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1


foreign-owned: 8 (Iceland 4, Norway 4) (2007)
registered in other countries: 1 (North Korea 1) (2006)
Military - note defense is the responsibility of Denmark defense is the responsibility of the UK
Military branches no regular military forces -
Military expenditures - percent of GDP NA -
National holiday Olaifest (Olavasoka), 29 July Territory Day, 1 July
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: British Virgin Islander(s)


adjective: British Virgin Islander
Natural hazards NA hurricanes and tropical storms (July to October)
Natural resources fish, whales, hydropower, possible oil and gas NEGL
Net migration rate 0 migrant(s)/1,000 population (2007 est.) 9.22 migrant(s)/1,000 population (2006 est.)
Political parties and leaders Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN] Concerned Citizens Movement or CCM [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL]
Political pressure groups and leaders NA NA
Population 47,511 (July 2007 est.) 23,098 (July 2006 est.)
Population below poverty line NA% NA%
Population growth rate 0.543% (2007 est.) 1.97% (2006 est.)
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 1, FM 5, shortwave 0 (2004)
Religions Evangelical Lutheran Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, none 2%, other 2% (1991)
Sex ratio at birth: 1 male(s)/female


under 15 years: 0.996 male(s)/female


15-64 years: 1.115 male(s)/female


65 years and over: 0.83 male(s)/female


total population: 1.045 male(s)/female (2007 est.)
at birth: 1.05 male(s)/female


under 15 years: 1.03 male(s)/female


15-64 years: 1.06 male(s)/female


65 years and over: 1.1 male(s)/female


total population: 1.05 male(s)/female (2006 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system general assessment: good international communications; good domestic facilities


domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed


international: country code - 298; satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable
general assessment: worldwide telephone service


domestic: NA


international: country code - 1-284; submarine cable to Bermuda
Telephones - main lines in use 23,000 (2006) 11,700 (2002)
Telephones - mobile cellular 50,000 (2006) 8,000 (2002)
Television broadcast stations 3 (plus 43 repeaters) (September 1995) 1 (plus one cable company) (1997)
Terrain rugged, rocky, some low peaks; cliffs along most of coast coral islands relatively flat; volcanic islands steep, hilly
Total fertility rate 2.15 children born/woman (2007 est.) 1.72 children born/woman (2006 est.)
Unemployment rate 2.1% (2006) 3.6% (1997)
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