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Compare Faroe Islands (2008) - British Virgin Islands (2003)
Compare Faroe Islands (2008) z British Virgin Islands (2003)
| Faroe Islands (2008) | British Virgin Islands (2003) | |
 |  | |
| 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: 21.9% (male 2,401; female 2,358)
15-64 years: 73.1% (male 8,181; female 7,709) 65 years and over: 5% (male 578; female 503) (2003 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | fruits, vegetables; livestock, poultry; fish |
| Airports | 1 (2007) | 3 (2002) |
| 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 (2002) |
| Airports - with unpaved runways | - | total: 1
914 to 1,523 m: 1 (2002) |
| 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 island of Anegada |
| 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 settled by the Dutch in 1648, the islands were annexed in 1672 by the English. 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.) | 15 births/1,000 population (2003 est.) |
| Budget | revenues: $588 million
expenditures: $623 million (2005) |
revenues: $121.5 million
expenditures: $115.5 million, including capital expenditures of $NA (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 |
Road Town |
| 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 |
| 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 |
| Currency | - | US dollar (USD) |
| Death rate | 8.69 deaths/1,000 population (2007 est.) | 4.46 deaths/1,000 population (2003 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, is expected to make 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 dollar as its currency since 1959. |
| Electricity - consumption | 269.7 million kWh (2005) | 35.43 million kWh (2001) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2001) |
| Electricity - production | 290 million kWh (2005) | 38.1 million kWh (2001) |
| Electricity - production by source | - | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
| 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 - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003) | 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 Tom MACAN (since 14 October 2002)
head of government: Chief Minister Orlando 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 | 0 bbl/day (2004) | NA (2001) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | rum, fresh fish, fruits, animals; gravel, sand |
| Exports - partners | Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006) | Virgin Islands (US), Puerto Rico, US |
| 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 | - | purchasing power parity - $320 million (2002 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 1.8%
industry: 6.2% services: 92% (1996 est.) |
| GDP - per capita | - | purchasing power parity - $16,000 (2002 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 |
| Highways | - | total: 177 km
paved: 177 km unpaved: 0 km (2000) |
| 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 |
| Imports | 4,580 bbl/day (2004) | NA (2001) |
| 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 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006) | Virgin Islands (US), Puerto Rico, US |
| 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: 18.8 deaths/1,000 live births
male: 21.86 deaths/1,000 live births female: 15.6 deaths/1,000 live births (2003 est.) |
| Inflation rate (consumer prices) | 1.8% (2005) | 2.5% (2002) |
| International organization participation | Arctic Council, IMO (associate), NC, NIB, UPU | Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate) |
| Internet Service Providers (ISPs) | - | 16 (2000) |
| Irrigated land | 0 sq km | NA sq km |
| 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) | 4,911 (1980) |
| Labor force - by occupation | agriculture: 33%
industry: 33% services: 34% (October 2000) |
agriculture NA%, industry NA%, services NA% |
| 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% (1998 est.) |
| 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 (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 |
unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)
elections: last held 16 May 2003 (next to be held NA 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: 76.06 years
male: 75.07 years female: 77.1 years (2003 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 |
exclusive fishing zone: 200 NM
territorial sea: 3 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: 1 ship (1,000 GRT or over) 19,203 GRT/28,864 DWT
ships by type: cargo 1 (2002 est.) |
| 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.) | 10.45 migrant(s)/1,000 population (2003 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] | 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.) | 21,730 (July 2003 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.543% (2007 est.) | 2.1% (2003 est.) |
| Ports and harbors | - | Road Town |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 1, FM 4, shortwave 0 (1998) |
| Railways | - | 0 km |
| 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: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.15 male(s)/female total population: 1.06 male(s)/female (2003 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: submarine cable to Bermuda |
| Telephones - main lines in use | 23,000 (2006) | 10,000 (1996) |
| Telephones - mobile cellular | 50,000 (2006) | NA |
| 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 (2003 est.) |
| Unemployment rate | 2.1% (2006) | 3% (1995) |
| Waterways | - | none |
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