Compare Faroe Islands (2008) - Bermuda (2005)

Compare Faroe Islands (2008) z Bermuda (2005)

	Faroe Islands (2008)	Bermuda (2005)

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	9 parishes and 2 municipalities; Devonshire, Hamilton, Hamilton, Paget, Pembroke, Saint George, Saint George's, Sandys, Smith's, Southampton, Warwick*
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: 18.9% (male 6,177/female 6,154) 15-64 years: 69.2% (male 22,422/female 22,828) 65 years and over: 11.9% (male 3,378/female 4,406) (2005 est.)
Agriculture - products	milk, potatoes, vegetables; sheep; salmon, other fish	bananas, vegetables, citrus, flowers; dairy products
Airports	1 (2007)	1 (2004 est.)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2007)	total: 1 2,438 to 3,047 m: 1 (2004 est.)
Area	total: 1,399 sq km land: 1,399 sq km water: 0 sq km (some lakes and streams)	total: 53.3 sq km land: 53.3 sq km water: 0 sq km
Area - comparative	eight times the size of Washington, DC	about one-third 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.	Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.
Birth rate	14.12 births/1,000 population (2007 est.)	11.6 births/1,000 population (2005 est.)
Budget	revenues: $588 million expenditures: $623 million (2005)	revenues: $671.1 million expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
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	Hamilton
Climate	mild winters, cool summers; usually overcast; foggy, windy	subtropical; mild, humid; gales, strong winds common in winter
Coastline	1,117 km	103 km
Constitution	5 June 1953 (Danish constitution)	8 June 1968; amended 1989 and 2003
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: Bermuda former: Somers Islands
Death rate	8.69 deaths/1,000 population (2007 est.)	7.63 deaths/1,000 population (2005 est.)
Debt - external	$64 million (1999)	$160 million (FY99/00)
Dependency status	part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948	overseas territory of the UK
Diplomatic representation from the US	none (self-governing overseas administrative division of Denmark)	chief of mission: Deputy Chief of Mission Antoinette BOECKER consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233
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.	Bermuda enjoys one of the highest per capita incomes in the world, nearly equal to that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's tourism industry - which derives over 80% of its visitors from the US - was severely hit as American tourists chose not to travel. Tourism rebounded somewhat in 2002-04. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited, only 20% of the land being arable.
Electricity - consumption	269.7 million kWh (2005)	598 million kWh (2002)
Electricity - exports	0 kWh (2005)	0 kWh (2002)
Electricity - imports	0 kWh (2005)	0 kWh (2002)
Electricity - production	290 million kWh (2005)	643 million kWh (2002)
Elevation extremes	lowest point: Atlantic Ocean 0 m highest point: Slaettaratindur 882 m	lowest point: Atlantic Ocean 0 m highest point: Town Hill 76 m
Environment - current issues	NA	asbestos disposal; water pollution; preservation of open space; sustainable development
Environment - international agreements	party to: Marine Dumping -associate member to the London Convention and Ship Pollution	-
Ethnic groups	Scandinavian	black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)
Exchange rates	Danish kroner per US dollar - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003)	Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
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 Sir John VEREKER (since 11 April 2002) head of government: Premier William Alexander SCOTT (since 24 July 2003); Deputy Premier Ewart BROWN cabinet: Cabinet nominated by the premier, appointed by the governor 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 premier by the governor
Exports	0 bbl/day (2004)	NA
Exports - commodities	fish and fish products 94%, stamps, ships (1999)	reexports of pharmaceuticals
Exports - partners	Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006)	France 73.2%, UK 6.2%, Spain 2.4% (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)	red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag
GDP - composition by sector	agriculture: 27% industry: 11% services: 62% (1999)	agriculture: 1% industry: 10% services: 89% (2002 est.)
GDP - per capita	-	purchasing power parity - $36,000 (2003 est.)
GDP - real growth rate	2.4% (2005 est.)	2% (2003 est.)
Geographic coordinates	62 00 N, 7 00 W	32 20 N, 64 45 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	consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
Highways	-	total: 450 km paved: 450 km unpaved: 0 km note: public roads - 209 km; private roads - 241 km (2002)
Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%	lowest 10%: NA highest 10%: NA
Imports	4,580 bbl/day (2004)	NA
Imports - commodities	consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)	machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners	Denmark 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006)	Kazakhstan 39.2%, France 16.2%, Japan 13.1%, Italy 9.2%, South Korea 8.8%, US 6.4% (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, international business, light manufacturing
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: 8.53 deaths/1,000 live births male: 10.14 deaths/1,000 live births female: 6.9 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices)	1.8% (2005)	3.3% (mid-2003 est.)
International organization participation	Arctic Council, IMO (associate), NC, NIB, UPU	Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force
Irrigated land	0 sq km	NA
Judicial branch	none	Supreme Court; Court of Appeal; Magistrate Courts
Labor force	24,250 (October 2000)	37,470 (2000)
Labor force - by occupation	agriculture: 33% industry: 33% services: 34% (October 2000)	agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Land boundaries	0 km	0 km
Land use	arable land: 2.14% permanent crops: 0% other: 97.86% (2005)	arable land: 20% permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2001)
Languages	Faroese (derived from Old Norse), Danish	English (official), Portuguese
Legal system	the laws of Denmark, where applicable, apply	English law
Legislative branch	unicameral Faroese Parliament or Logting (33 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms) elections: last held 19 January 2008 (next to be held no later than January 2012) election results: percent of vote by party - Union Party 21%, Social Democratic Party 19.4%, Republican Party 23.3%, People's Party 20.1%, Center Party 8.4%, Self-Government Party 7.2%, other 0.6%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 6, People's Party 7, Center Party 3, Independence Party 2 note: election of two seats to the Danish Parliament was last held on 13 November 2007 (next to be held no later than November 2011); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1	bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms) elections: last general election held 24 July 2003 (next to be held July 2008) election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14
Life expectancy at birth	total population: 79.49 years male: 76.06 years female: 82.93 years (2007 est.)	total population: 77.79 years male: 75.7 years female: 79.91 years (2005 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: 98% male: 98% female: 99% (1970 est.)
Location	Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway	North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Map references	Europe	North 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 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)	total: 108 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT by type: bulk carrier 22, cargo 6, container 22, liquefied gas 13, passenger 13, passenger/cargo 6, petroleum tanker 8, refrigerated cargo 11, roll on/roll off 7 foreign-owned: 103 (Australia 2, Canada 20, Finland 2, Germany 1, Greece 1, Hong Kong 5, Indonesia 1, Nigeria 8, Norway 5, Sweden 9, Switzerland 2, United Kingdom 27, United States 20) registered in other countries: 1 (2005)
Military - note	defense is the responsibility of Denmark	defense is the responsibility of the UK
Military branches	no regular military forces	Bermuda Regiment
Military expenditures - dollar figure	-	$4.03 million (2001)
Military expenditures - percent of GDP	NA	0.11% (FY00/01)
National holiday	Olaifest (Olavasoka), 29 July	Bermuda Day, 24 May
Nationality	noun: Faroese (singular and plural) adjective: Faroese	noun: Bermudian(s) adjective: Bermudian
Natural hazards	NA	hurricanes (June to November)
Natural resources	fish, whales, hydropower, possible oil and gas	limestone, pleasant climate fostering tourism
Net migration rate	0 migrant(s)/1,000 population (2007 est.)	2.45 migrant(s)/1,000 population (2005 est.)
Political parties and leaders	Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Jorgen NICLASEN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN]	Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]
Political pressure groups and leaders	NA	Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]
Population	47,511 (July 2007 est.)	65,365 (July 2005 est.)
Population below poverty line	NA%	19% (2000)
Population growth rate	0.543% (2007 est.)	0.64% (2005 est.)
Ports and harbors	-	Hamilton, Saint George
Radio broadcast stations	AM 1, FM 13, shortwave 0 (1998)	AM 5, FM 3, shortwave 0 (2004)
Religions	Evangelical Lutheran	Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)
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: 1.02 male(s)/female under 15 years: 1 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.96 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: good domestic: fully automatic digital telephone system; fiber optic trunk lines international: country code - 1-441; 3 fiber optic submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Telephones - main lines in use	23,000 (2006)	56,000 (2002)
Telephones - mobile cellular	50,000 (2006)	37,873 (2003)
Television broadcast stations	3 (plus 43 repeaters) (September 1995)	4 (2004)
Terrain	rugged, rocky, some low peaks; cliffs along most of coast	low hills separated by fertile depressions
Total fertility rate	2.15 children born/woman (2007 est.)	1.89 children born/woman (2005 est.)
Unemployment rate	2.1% (2006)	5% (2002 est.)

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