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Compare Faroe Islands (2007) - Liechtenstein (2005)

Compare Faroe Islands (2007) z Liechtenstein (2005)

 Faroe Islands (2007)Liechtenstein (2005)
 Faroe IslandsLiechtenstein
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 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz
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: 17.6% (male 2,938/female 3,009)


15-64 years: 70.4% (male 11,795/female 11,927)


65 years and over: 12% (male 1,685/female 2,363) (2005 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish wheat, barley, corn, potatoes; livestock, dairy products
Airports 1 (2007) none (2004 est.)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2007)
-
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 160 sq km


land: 160 sq km


water: 0 sq km
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. The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering. Liechtenstein has, however, implemented new anti-money-laundering legislation and recently concluded a Mutual Legal Assistance Treaty with the US.
Birth rate 14.12 births/1,000 population (2007 est.) 10.41 births/1,000 population (2005 est.)
Budget revenues: $588 million


expenditures: $623 million (2005)
revenues: $424.2 million


expenditures: $414.1 million, including capital expenditures of NA (1998 est.)
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
Vaduz
Climate mild winters, cool summers; usually overcast; foggy, windy continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers
Coastline 1,117 km 0 km (doubly landlocked)
Constitution 5 June 1953 (Danish constitution) 5 October 1921
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: Principality of Liechtenstein


conventional short form: Liechtenstein


local long form: Fuerstentum Liechtenstein


local short form: Liechtenstein
Death rate 8.69 deaths/1,000 population (2007 est.) 7.06 deaths/1,000 population (2005 est.)
Debt - external $64 million (1999) $0 (2001)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 -
Diplomatic representation from the US none (self-governing overseas administrative division of Denmark) the US does not have an embassy in Liechtenstein, but the US Ambassador to Switzerland is also accredited to Liechtenstein
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador Claudia FRITSCHE


chancery: 1300 Eye Street NW, Suite 550W, Washington, DC 20005


telephone: [1] (202) 216-0460


FAX: [1] (202) 216-0459
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 in February 2005, the ICJ refused to rule on the restitution of Liechtenstein's land and property assets in the Czech Republic confiscated in 1945 as German property
Economic aid - recipient $105 million; note - annual subsidy from Denmark (2005) none
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. Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
Electricity - consumption 269.7 million kWh (2005) -
Electricity - exports 0 kWh (2005) -
Electricity - imports 0 kWh (2005) -
Electricity - production 290 million kWh (2005) -
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Ruggeller Riet 430 m


highest point: Grauspitz 2,599 m
Environment - current issues NA NA
Environment - international agreements party to: Marine Dumping -associate member to the London Convention and Ship Pollution party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands


signed, but not ratified: Law of the Sea
Ethnic groups Scandinavian Alemannic 86%, Italian, Turkish, and other 14%
Exchange rates Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002) Swiss francs per US dollar - 1.2435 (2004), 1.3467 (2003), 1.5586 (2002), 1.6876 (2001), 1.6888 (2000)
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: Prince HANS ADAM II (since 13 November 1989, assumed executive powers 26 August 1984); Heir Apparent Prince ALOIS, son of the monarch (born 11 June 1968); note - on 15 August 2004, HANS ADAM transferred the official duties of the ruling prince to ALOIS, but HANS ADAM retains status of chief of state


head of government: Head of Government Ottmar HASLER (since 5 April 2001) and Deputy Head of Government Rita KIEBER-BECK (since 5 April 2001)


cabinet: Cabinet elected by the parliament, confirmed by the monarch


elections: none; the monarch is hereditary; following legislative elections, the leader of the majority party in the Landtag is usually appointed the head of government by the monarch and the leader of the largest minority party in the Landtag is usually appointed the deputy head of government by the monarch
Exports NA bbl/day $2.47 billion (1996)
Exports - commodities fish and fish products 94%, stamps, ships (1999) small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
Exports - partners Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) EU 62.6% (Germany 24.3%, Austria 9.5%, France 8.9%, Italy 6.6%, UK 4.6%), US 18.9%, Switzerland 15.7%
Fiscal year calendar year calendar year
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) two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: NA%


industry: 40%


services: NA% (1999)
GDP - per capita - purchasing power parity - $25,000 (1999 est.)
GDP - real growth rate 2.4% (2005 est.) 11% (1999 est.)
Geographic coordinates 62 00 N, 7 00 W 47 16 N, 9 32 E
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 along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation
Highways - total: 250 km


paved: 250 km


unpaved: 0 km
Household income or consumption by percentage share lowest 10%: NA%


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


highest 10%: NA%
Illicit drugs - has strengthened money-laundering controls, but money laundering remains a concern due to Liechtenstein sophisticated offshore financial services sector
Imports NA bbl/day $917.3 million (1996)
Imports - commodities consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) agricultural products, raw materials, machinery, metal goods, textiles, foodstuffs, motor vehicles
Imports - partners Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006) EU, Switzerland
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire)
Industrial production growth rate 8% (1999 est.) NA%
Industries fishing, fish processing, small ship repair and refurbishment, handicrafts electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments
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: 4.7 deaths/1,000 live births


male: 6.34 deaths/1,000 live births


female: 3.05 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices) 1.8% (2005) 1% (2001)
International organization participation Arctic Council, IMO (associate), NC, NIB, UPU CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO
Irrigated land 0 sq km NA sq km
Judicial branch none Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht
Labor force 24,250 (October 2000) 29,000 of whom 19,000 are foreigners; 13,000 commute from Austria, Switzerland, and Germany to work each day (31 December 2001)
Labor force - by occupation agriculture: 33%


industry: 33%


services: 34% (October 2000)
agriculture 1.3%, industry 47.4%, services 51.3% (31 December 2001 est.)
Land boundaries 0 km total: 76 km


border countries: Austria 34.9 km, Switzerland 41.1 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
arable land: 25%


permanent crops: 0%


other: 75% (2001)
Languages Faroese (derived from Old Norse), Danish German (official), Alemannic dialect
Legal system the laws of Denmark, where applicable, apply local civil and penal codes; accepts compulsory ICJ jurisdiction, with reservations
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 Parliament or Landtag (25 seats; members are elected by direct, popular vote under proportional representation to serve four-year terms)


elections: last held 11 and 13 March 2005 (next to be held by NA 2009)


election results: percent of vote by party - FBP 48.7%, VU 38.2%, FL 13%; seats by party - FBP 12, VU 10, FL 3
Life expectancy at birth total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 est.)
total population: 79.55 years


male: 75.96 years


female: 83.16 years (2005 est.)
Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
definition: age 10 and over can read and write


total population: 100%


male: 100%


female: 100%
Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway Central Europe, between Austria and Switzerland
Map references Europe Europe
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
none (landlocked)
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)
-
Military - note defense is the responsibility of Denmark defense is the responsibility of Switzerland
Military branches no regular military forces -
Military expenditures - percent of GDP NA -
National holiday Olaifest (Olavasoka), 29 July Assumption Day, 15 August
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Liechtensteiner(s)


adjective: Liechtenstein
Natural hazards NA NA
Natural resources fish, whales, hydropower, possible oil and gas hydroelectric potential, arable land
Net migration rate 0 migrant(s)/1,000 population (2007 est.) 4.8 migrant(s)/1,000 population (2005 est.)
Pipelines - gas 20 km (2004)
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] Patriotic Union (was Fatherland Union) or VU [Heinz FROMMELT]; Progressive Citizens' Party or FBP [Johannes MATT]; The Free List or FL [Dr. Pepo FRICK, Elisabeth TELLENBACH-FRICK, Adolf RITTER]
Political pressure groups and leaders NA NA
Population 47,511 (July 2007 est.) 33,717 (July 2005 est.)
Population below poverty line NA% NA%
Population growth rate 0.543% (2007 est.) 0.82% (2005 est.)
Ports and harbors - none
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 0, FM 4, shortwave 0 (1998)
Religions Evangelical Lutheran Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002)
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: 1.01 male(s)/female


under 15 years: 0.98 male(s)/female


15-64 years: 0.99 male(s)/female


65 years and over: 0.71 male(s)/female


total population: 0.95 male(s)/female (2005 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: automatic telephone system


domestic: NA


international: country code - 423; linked to Swiss networks by cable and microwave radio relay
Telephones - main lines in use 23,000 (2006) 19,900 (2002)
Telephones - mobile cellular 50,000 (2006) 11,400 (2002)
Television broadcast stations 3 (plus 43 repeaters) (September 1995) NA (linked to Swiss networks) (1997)
Terrain rugged, rocky, some low peaks; cliffs along most of coast mostly mountainous (Alps) with Rhine Valley in western third
Total fertility rate 2.15 children born/woman (2007 est.) 1.51 children born/woman (2005 est.)
Unemployment rate 2.1% (2006) 1.3% (September 2002)
Waterways - 28 km (2004)
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