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Compare Faroe Islands (2007) - Venezuela (2007)

Compare Faroe Islands (2007) z Venezuela (2007)

 Faroe Islands (2007)Venezuela (2007)
 Faroe IslandsVenezuela
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 23 states (estados, singular - estado), 1 capital district* (distrito capital), and 1 federal dependency** (dependencia federal); Amazonas, Anzoategui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales**, Distrito Federal*, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Tachira, Trujillo, Vargas, Yaracuy, Zulia


note: the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands
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: 31.6% (male 4,169,979/female 4,046,170)


15-64 years: 63.4% (male 8,120,661/female 8,369,065)


65 years and over: 5.1% (male 586,863/female 730,790) (2007 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish
Airports 1 (2007) 390 (2007)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2007)
total: 128


over 3,047 m: 5


2,438 to 3,047 m: 10


1,524 to 2,437 m: 34


914 to 1,523 m: 61


under 914 m: 18 (2007)
Airports - with unpaved runways - total: 262


2,438 to 3,047 m: 1


1,524 to 2,437 m: 15


914 to 1,523 m: 97


under 914 m: 149 (2007)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 912,050 sq km


land: 882,050 sq km


water: 30,000 sq km
Area - comparative eight times the size of Washington, DC slightly more than twice the size of California
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. Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president since 1999, has promoted a controversial policy of "democratic socialism," which purports to alleviate social ills while at the same time attacking globalization and undermining regional stability. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
Birth rate 14.12 births/1,000 population (2007 est.) 21.22 births/1,000 population (2007 est.)
Budget revenues: $588 million


expenditures: $623 million (2005)
revenues: $54.65 billion


expenditures: $54.61 billion (2006 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
name: Caracas


geographic coordinates: 10 30 N, 66 56 W


time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Climate mild winters, cool summers; usually overcast; foggy, windy tropical; hot, humid; more moderate in highlands
Coastline 1,117 km 2,800 km
Constitution 5 June 1953 (Danish constitution) 30 December 1999
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: Bolivarian Republic of Venezuela


conventional short form: Venezuela


local long form: Republica Bolivariana de Venezuela


local short form: Venezuela
Death rate 8.69 deaths/1,000 population (2007 est.) 5.08 deaths/1,000 population (2007 est.)
Debt - external $64 million (1999) $41.4 billion (2006 est.)
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) chief of mission: Ambassador William R. BROWNFIELD


embassy: Calle F con Calle Suapure, Urbanizacion Colinas de Valle Arriba, Caracas 1080


mailing address: P. O. Box 62291, Caracas 1060-A; APO AA 34037


telephone: [58] (212) 975-9234, 975-6411


FAX: [58] (212) 975-8991
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador Bernardo ALVAREZ Herrera


chancery: 1099 30th Street NW, Washington, DC 20007


telephone: [1] (202) 342-2214


FAX: [1] (202) 342-6820


consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans, New York, San Francisco, San Juan (Puerto Rico)
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 claims all of the area west of the Essequibo River in Guyana, preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before the United Nations Convention on the Law of the Sea (UNCLOS) that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; dispute with Colombia over maritime boundary and Venezuelan-administered Los Monjes islands near the Gulf of Venezuela; Colombian-organized illegal narcotics and paramilitary activities penetrate Venezuela's shared border region; in 2006, an estimated 139,000 Colombians sought protection in 150 communities along the border in Venezuela; US, France, and the Netherlands recognize Venezuela's granting full effect to Aves Island, thereby claiming a Venezuelan EEZ/continental shelf extending over a large portion of the eastern Caribbean Sea; Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines protest Venezuela's full effect claim
Economic aid - recipient $105 million; note - annual subsidy from Denmark (2005) $48.66 million (2005)
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. Venezuela remains highly dependent on oil revenues, which account for roughly 90% of export earnings, more than 50% of the federal budget revenues, and around 30% of GDP. Tax collection - Venezuela's primary source of non-oil revenue - is expected to surpass $23 billion in 2006, exceeding the yearend collection goal by more than 20%. A nationwide strike between December 2002 and February 2003 had far-reaching economic consequences - real GDP declined by around 9% in 2002 and 8% in 2003 - but economic output since then has recovered strongly. Fueled by higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively. Economic growth in 2006 reached about 9%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has fueled a consumption boom - car sales in 2006 increased by around 70% - but has come at the cost of higher inflation. Despite government attempts to withdraw liquidity from the economy, Venezuela's money supply set a record in June 2006, approximately 70% higher than the previous year. Imports have also jumped significantly.
Electricity - consumption 269.7 million kWh (2005) 73.36 billion kWh (2005)
Electricity - exports 0 kWh (2005) 0 kWh (2005)
Electricity - imports 0 kWh (2005) 0 kWh (2005)
Electricity - production 290 million kWh (2005) 99.2 billion kWh (2005)
Elevation extremes lowest point: Atlantic Ocean 0 m


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


highest point: Pico Bolivar (La Columna) 5,007 m
Environment - current issues NA sewage pollution of Lago de Valencia; oil and urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution, especially along the Caribbean coast; threat to the rainforest ecosystem from irresponsible mining operations
Environment - international agreements party to: Marine Dumping -associate member to the London Convention and Ship Pollution party to: Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands


signed but not ratified:: none of the selected agreements
Ethnic groups Scandinavian Spanish, Italian, Portuguese, Arab, German, African, indigenous people
Exchange rates Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002) bolivares per US dollar - 2,147 (2006), 2,089.8 (2005), 1,891.3 (2004), 1,607 (2003), 1,161 (2002)
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: President Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jorge RODRIGUEZ Gomez (since 3 January 2007); note - the president is both the chief of state and head of government


head of government: President Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jorge RODRIGUEZ Gomez (since 3 January 2007)


cabinet: Council of Ministers appointed by the president


elections: president elected by popular vote for a six-year term (eligible for a second term); election last held 3 December 2006 (next to be held in December 2012)


note: in 1999, a National Constituent Assembly drafted a new constitution that increased the presidential term to six years; an election was subsequently held on 30 July 2000 under the terms of this constitution


election results: Hugo CHAVEZ Frias reelected president; percent of vote - Hugo CHAVEZ Frias 62.9%, Manuel ROSALES 36.9%
Exports NA bbl/day 2.293 million bbl/day (2004 est.)
Exports - commodities fish and fish products 94%, stamps, ships (1999) petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures
Exports - partners Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) US 46.3%, Netherlands Antilles 13.5%, China 3.2% (2006)
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) three equal horizontal bands of yellow (top), blue, and red with the coat of arms on the hoist side of the yellow band and an arc of eight white five-pointed stars centered in the blue band
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 3.7%


industry: 40.5%


services: 55.9% (2006 est.)
GDP - real growth rate 2.4% (2005 est.) 10.3% (2006 est.)
Geographic coordinates 62 00 N, 7 00 W 8 00 N, 66 00 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 on major sea and air routes linking North and South America; Angel Falls in the Guiana Highlands is the world's highest waterfall
Heliports - 2 (2007)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: 0.7%


highest 10%: 35.2% (2003)
Illicit drugs - small-scale illicit producer of opium and coca for the processing of opiates and coca derivatives; however, large quantities of cocaine, heroin, and marijuana transit the country from Colombia bound for US and Europe; significant narcotics-related money-laundering activity, especially along the border with Colombia and on Margarita Island; active eradication program primarily targeting opium; increasing signs of drug-related activities by Colombian insurgents on border
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) raw materials, machinery and equipment, transport equipment, construction materials
Imports - partners Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006) US 30.6%, Colombia 10.2%, Brazil 10.1%, Mexico 5.9%, China 4.9%, Panama 4.8% (2006)
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) 5 July 1811 (from Spain)
Industrial production growth rate 8% (1999 est.) 7% (2006 est.)
Industries fishing, fish processing, small ship repair and refurbishment, handicrafts petroleum, construction materials, food processing, textiles; iron ore mining, steel, aluminum; motor vehicle assembly
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: 22.52 deaths/1,000 live births


male: 26.14 deaths/1,000 live births


female: 18.72 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 1.8% (2005) 13.7% (2006 est.)
International organization participation Arctic Council, IMO (associate), NC, NIB, UPU CAN, Caricom (observer), CDB, CSN, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Irrigated land 0 sq km 5,750 sq km (2003)
Judicial branch none Supreme Tribunal of Justice or Tribuna Suprema de Justicia (magistrates are elected by the National Assembly for a single 12-year term)
Labor force 24,250 (October 2000) 12.19 million (2006 est.)
Labor force - by occupation agriculture: 33%


industry: 33%


services: 34% (October 2000)
agriculture: 13%


industry: 23%


services: 64% (1997 est.)
Land boundaries 0 km total: 4,993 km


border countries: Brazil 2,200 km, Colombia 2,050 km, Guyana 743 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
arable land: 2.85%


permanent crops: 0.88%


other: 96.27% (2005)
Languages Faroese (derived from Old Norse), Danish Spanish (official), numerous indigenous dialects
Legal system the laws of Denmark, where applicable, apply open, adversarial court system
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 National Assembly or Asamblea Nacional (167 seats; members elected by popular vote to serve five-year terms; three seats reserved for the indigenous peoples of Venezuela)


elections: last held 4 December 2005 (next to be held in 2010)


election results: percent of vote by party - NA; seats by party - pro-government 167 (MVR 114, PODEMOS 15, PPT 11, indigenous 2, other 25), opposition 0
Life expectancy at birth total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 est.)
total population: 73.28 years


male: 70.24 years


female: 76.48 years (2007 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: 93%


male: 93.3%


female: 92.7% (2001 census)
Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana
Map references Europe South America
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: 12 nm


contiguous zone: 15 nm


exclusive economic zone: 200 nm


continental shelf: 200-m depth or to the depth of exploitation
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)
total: 59 ships (1000 GRT or over) 808,721 GRT/1,285,783 DWT


by type: bulk carrier 7, cargo 14, chemical tanker 3, container 1, liquefied gas 6, passenger/cargo 10, petroleum tanker 17, refrigerated cargo 1


foreign-owned: 12 (Denmark 3, Greece 3, Mexico 3, Panama 1, Russia 1, Spain 1)


registered in other countries: 11 (Bahamas 1, Panama 10) (2007)
Military - note defense is the responsibility of Denmark -
Military branches no regular military forces National Armed Forces (Fuerzas Armadas Nacionales or FAN): Ground Forces or Army (Fuerzas Terrestres or Ejercito), Naval Forces (Fuerzas Navales or Armada; includes Marines, Coast Guard), Air Force (Fuerzas Aereas or Aviacion), Armed Forces of Cooperation or National Guard (Fuerzas Armadas de Cooperacion or Guardia Nacional)
Military expenditures - percent of GDP NA 1.2% (2005 est.)
National holiday Olaifest (Olavasoka), 29 July Independence Day, 5 July (1811)
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Venezuelan(s)


adjective: Venezuelan
Natural hazards NA subject to floods, rockslides, mudslides; periodic droughts
Natural resources fish, whales, hydropower, possible oil and gas petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
Net migration rate 0 migrant(s)/1,000 population (2007 est.) -1.28 migrant(s)/1,000 population (2007 est.)
Pipelines - extra heavy crude oil 992 km; gas 5,369 km; oil 7,607 km; refined products 1,681 km; unknown (oil/water) 141 km (2006)
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] A New Time or UNT [Manuel ROSALES]; Christian Democrats or COPEI [Cesar PEREZ Vivas]; Democratic Action or AD [Henry RAMOS Allup]; Fatherland for All or PPT [Jose ALBORNOZ]; Fifth Republic Movement or MVR [Hugo CHAVEZ]; Justice First [Julio BORGES]; Movement Toward Socialism or MAS [Hector MUJICA]; Venezuela Project or PV [Henrique SALAS Romer]; We Can or PODEMOS [Ismael GARCIA]
Political pressure groups and leaders NA FEDECAMARAS, a conservative business group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization dominated by the Democratic Action)
Population 47,511 (July 2007 est.) 26,023,528 (July 2007 est.)
Population below poverty line NA% 37.9% (end 2005 est.)
Population growth rate 0.543% (2007 est.) 1.486% (2007 est.)
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 201, FM NA (20 in Caracas), shortwave 11 (1998)
Railways - total: 682 km


standard gauge: 682 km 1.435-m gauge (2006)
Religions Evangelical Lutheran nominally Roman Catholic 96%, Protestant 2%, other 2%
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: 1.031 male(s)/female


15-64 years: 0.97 male(s)/female


65 years and over: 0.803 male(s)/female


total population: 0.98 male(s)/female (2007 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: modern and expanding


domestic: domestic satellite system with 3 earth stations; recent substantial improvement in telephone service in rural areas; substantial increase in digitalization of exchanges and trunk lines; installation of a national interurban fiber-optic network capable of digital multimedia services


international: country code - 58; 3 submarine coaxial cables; satellite earth stations - 1 Intelsat (Atlantic Ocean) and 1 PanAmSat; participating with Colombia, Ecuador, Peru, and Bolivia in the construction of an international fiber-optic network
Telephones - main lines in use 23,000 (2006) 4.217 million (2006)
Telephones - mobile cellular 50,000 (2006) 18.79 million (2006)
Television broadcast stations 3 (plus 43 repeaters) (September 1995) 66 (plus 45 repeaters) (1997)
Terrain rugged, rocky, some low peaks; cliffs along most of coast Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast
Total fertility rate 2.15 children born/woman (2007 est.) 2.55 children born/woman (2007 est.)
Unemployment rate 2.1% (2006) 8.9% (2006 est.)
Waterways - 7,100 km


note: Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels (2005)
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