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Compare Iceland (2004) - Bahamas, The (2001)
Compare Iceland (2004) z Bahamas, The (2001)
| Iceland (2004) | Bahamas, The (2001) | |
 |  | |
| Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 21 districts; Acklins and Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nicholls Town and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay |
| Age structure | 0-14 years: 22.5% (male 33,522; female 32,489)
15-64 years: 65.8% (male 98,091; female 95,450) 65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.) |
0-14 years:
29.43% (male 44,179; female 43,486) 15-64 years: 64.46% (male 94,329; female 97,674) 65 years and over: 6.11% (male 7,618; female 10,566) (2001 est.) |
| Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | citrus, vegetables; poultry |
| Airports | 100 (2003 est.) | 65 (2000 est.) |
| Airports - with paved runways | total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2004 est.) |
total:
36 over 3,047 m: 2 2,438 to 3,047 m: 2 1,524 to 2,437 m: 16 914 to 1,523 m: 13 under 914 m: 3 (2000 est.) |
| Airports - with unpaved runways | total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.) |
total:
29 914 to 1,523 m: 6 under 914 m: 23 (2000 est.) |
| Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total:
13,940 sq km land: 10,070 sq km water: 3,870 sq km |
| Area - comparative | slightly smaller than Kentucky | slightly smaller than Connecticut |
| Background | Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards. | Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US, and its territory is used for smuggling illegal migrants into the US. |
| Birth rate | 13.83 births/1,000 population (2004 est.) | 19.1 births/1,000 population (2001 est.) |
| Budget | revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
revenues:
$766 million expenditures: $845 million, including capital expenditures of $97 million (FY97/98) |
| Capital | Reykjavik | Nassau |
| Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | tropical marine; moderated by warm waters of Gulf Stream |
| Coastline | 4,988 km | 3,542 km |
| Constitution | 16 June 1944, effective 17 June 1944 | 10 July 1973 |
| Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
conventional long form:
Commonwealth of The Bahamas conventional short form: The Bahamas |
| Currency | Icelandic krona (ISK) | Bahamian dollar (BSD) |
| Death rate | 6.57 deaths/1,000 population (2004 est.) | 7.14 deaths/1,000 population (2001 est.) |
| Debt - external | $2.6 billion (1999) | $385.8 million (2000 est.) |
| Diplomatic representation from the US | chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 562-9100 FAX: [354] 562-9118 |
chief of mission:
Ambassador-designate J. Richard BLANKENSHIP embassy: Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; stateside address: American Embassy Nassau, P. O. Box 599009, Miami, FL 33159-9009; pouch address: Nassau, Department of State, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 FAX: [1] (242) 356-0222 |
| Diplomatic representation in the US | chief of mission: Ambassador Helgi AGUSTSSON
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005-1704 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York |
chief of mission:
Ambassador Joshua SEARS chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 319-2660 FAX: [1] (202) 319-2668 consulate(s) general: Miami and New York |
| Disputes - international | Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 nm; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 nm | none |
| Economic aid - donor | NA | - |
| Economic aid - recipient | - | $9.8 million (1995) |
| Economy - overview | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 12% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and inflation dropped back from 5% to 2%. | The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs 40% of the archipelago's labor force. Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 3% in 1998, 6% in 1999, and 4.5% in 2000. Manufacturing and agriculture together contribute only 10% of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued sturdy growth in the US, which accounts for the majority of tourist visitors. |
| Electricity - consumption | 7.341 billion kWh (2001) | 1.362 billion kWh (1999) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (1999) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (1999) |
| Electricity - production | 7.894 billion kWh (2001) | 1.465 billion kWh (1999) |
| Electricity - production by source | - | fossil fuel:
100% hydro: 0% nuclear: 0% other: 0% (1999) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
lowest point:
Atlantic Ocean 0 m highest point: Mount Alvernia, on Cat Island 63 m |
| Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | coral reef decay; solid waste disposal |
| Environment - international agreements | party to: Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands
signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation |
party to:
Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: none of the selected agreements |
| Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | black 85%, white 12%, Asian and Hispanic 3% |
| Exchange rates | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) | Bahamian dollars per US dollar - 1.000 (fixed rate pegged to the dollar) |
| Executive branch | chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; election last held 26 June 2004 (next to be held June 2008); prime minister appointed by the president election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
chief of state:
Queen ELIZABETH II (since 6 February 1952), represented by Governor General Sir Orville TURNQUEST (since 2 January 1995) head of government: Prime Minister Hubert Alexander INGRAHAM (since 19 August 1992) and Deputy Prime Minister Frank WATSON (since December 1994) cabinet: Cabinet appointed by the governor general on the prime minister's recommendation elections: none; the monarch is hereditary; governor general appointed by the monarch; prime minister and deputy prime minister appointed by the governor general |
| Exports | 0 bbl/day (2001) | $376.8 million (2000 est.) |
| Exports - commodities | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon | pharmaceuticals, cement, rum, crawfish, refined petroleum products |
| Exports - partners | Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003) | US 22.3%, Switzerland 15.6%, UK 15%, Denmark 7.4% (1998) |
| Fiscal year | calendar year | 1 July - 30 June |
| Flag description | blue with a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag) | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side |
| GDP | purchasing power parity - $8.678 billion (2003 est.) | purchasing power parity - $4.5 billion (2000 est.) |
| GDP - composition by sector | agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
agriculture:
3% industry: 7% services: 90% (1999 est.) |
| GDP - per capita | purchasing power parity - $30,900 (2003 est.) | purchasing power parity - $15,000 (2000 est.) |
| GDP - real growth rate | 2.6% (2003 est.) | 4.5% (2000 est.) |
| Geographic coordinates | 65 00 N, 18 00 W | 24 15 N, 76 00 W |
| Geography - note | strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe | strategic location adjacent to US and Cuba; extensive island chain |
| Heliports | - | 1 (2000 est.) |
| Highways | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
total:
2,693 km paved: 1,546 km unpaved: 1,147 km (1997) |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%:
NA% highest 10%: NA% |
| Illicit drugs | - | transshipment point for cocaine and marijuana bound for US and Europe; banking industry vulnerable to money laundering |
| Imports | 15,470 bbl/day (2001) | $1.73 billion (2000 est.) |
| Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | foodstuffs, manufactured goods, crude oil, vehicles, electronics |
| Imports - partners | Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003) | US 27.3%, Italy 26.5%, Japan 10%, Denmark 4.2% (1998) |
| Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | 10 July 1973 (from UK) |
| Industrial production growth rate | 8.1% (2003 est.) | NA% |
| Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | tourism, banking, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe |
| Infant mortality rate | total: 3.31 deaths/1,000 live births
male: 3.44 deaths/1,000 live births female: 3.17 deaths/1,000 live births (2004 est.) |
17.03 deaths/1,000 live births (2001 est.) |
| Inflation rate (consumer prices) | 2.1% (2003 est.) | 1.9% (2000 est.) |
| International organization participation | Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO | ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO (observer) |
| Internet Service Providers (ISPs) | - | 19 (2000) |
| Irrigated land | NA sq km | NA sq km |
| Judicial branch | Supreme Court or Haestirettur (justices are appointed for life by the Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice) | Supreme Court; Court of Appeal; magistrates courts |
| Labor force | 160,000 (2003) | 156,000 (1999) |
| Labor force - by occupation | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) | tourism 40%, other services 50%, industry 5%, agriculture 5% (1995 est.) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land:
1% permanent crops: 0% permanent pastures: 0% forests and woodland: 32% other: 67% (1993 est.) |
| Languages | Icelandic, English, Nordic languages, German widely spoken | English, Creole (among Haitian immigrants) |
| Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | based on English common law |
| Legislative branch | unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%, Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 |
bicameral Parliament consists of the Senate (16-member body appointed by the governor general upon the advice of the prime minister and the opposition leader for five-year terms) and the House of Assembly (40 seats; members elected by direct popular vote to serve five-year terms)
elections: last held 14 March 1997 (next to be held by March 2002) election results: percent of vote by party - NA%; seats by party - FNM 35, PLP 5 |
| Life expectancy at birth | total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
total population:
70.46 years male: 67.27 years female: 73.71 years (2001 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
definition:
age 15 and over can read and write total population: 98.2% male: 98.5% female: 98% (1995 est.) |
| Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida |
| Map references | Arctic Region | Central America and the Caribbean |
| Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
continental shelf:
200-m depth or to the depth of exploitation exclusive economic zone: 200 NM territorial sea: 12 NM |
| Merchant marine | total: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: petroleum tanker 1 registered in other countries: 26 (2004 est.) |
total:
1,049 ships (1,000 GRT or over) totaling 30,000,221 GRT/44,601,471 DWT ships by type: bulk 185, cargo 214, chemical tanker 36, combination bulk 15, combination ore/oil 22, container 66, liquefied gas 33, livestock carrier 1, multi-functional large-load carrier 4, passenger 79, passenger/cargo 1, petroleum tanker 182, railcar carrier 1, refrigerated cargo 118, roll on/roll off 50, short-sea passenger 15, specialized tanker 3, vehicle carrier 24 note: includes some foreign-owned ships registered here as a flag of convenience: Algeria 2, Australia 1, Austria 1, Bermuda 6, Belgium 14, Canada 1, Cuba 1, Cyprus 2, Denmark 17, Finland 7, France 9, Germany 9, Greece 89, Hong Kong 7, Indonesia 2, India 1, Israel 4, Italy 8, Japan 23, Jamaica 1, Kenya 1, Lebanon 2, Luxembourg 2, Monaco 15, Malaysia 1, Netherlands 16, Norway 139, Poland 3, Portugal 2, Russia 2, Saudi Arabia 5, Singapore 12, Spain 7, Sweden 14, Syria 1, Switzerland 7, UAE 1, Trinidad and Tobago 2, UK 67, Ukraine 3, US 50, British Virgin Islands 1, British Virgin Islands 1 (2000 est.) |
| Military - note | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik | - |
| Military branches | no regular armed forces; Police, Coast Guard | Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force |
| Military expenditures - dollar figure | 0 | $20 million (FY95/96) |
| Military expenditures - percent of GDP | - | NA% |
| Military manpower - availability | males age 15-49: 75,568 (2004 est.) | - |
| Military manpower - fit for military service | males age 15-49: 66,503 (2004 est.) | - |
| National holiday | Independence Day, 17 June (1944) | Independence Day, 10 July (1973) |
| Nationality | noun: Icelander(s)
adjective: Icelandic |
noun:
Bahamian(s) adjective: Bahamian |
| Natural hazards | earthquakes and volcanic activity | hurricanes and other tropical storms that cause extensive flood and wind damage |
| Natural resources | fish, hydropower, geothermal power, diatomite | salt, aragonite, timber, arable land |
| Net migration rate | 2.38 migrant(s)/1,000 population (2004 est.) | -2.65 migrant(s)/1,000 population (2001 est.) |
| Political parties and leaders | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ossur SKARPHEDINSSON] | Free National Movement or FNM [Hubert Alexander INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] |
| Political pressure groups and leaders | NA | NA |
| Population | 293,966 (July 2004 est.) | 297,852
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2001 est.) |
| Population below poverty line | NA | NA% |
| Population growth rate | 0.97% (2004 est.) | 0.93% (2001 est.) |
| Ports and harbors | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar | Freeport, Matthew Town, Nassau |
| Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 3, FM 4, shortwave 0 (1998) |
| Radios | - | 215,000 (1997) |
| Railways | - | 0 km |
| Religions | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) | Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2% |
| Sex ratio | at birth: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1 male(s)/female (2004 est.) |
at birth:
1.02 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.72 male(s)/female total population: 0.96 male(s)/female (2001 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: extensive domestic service
domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) |
general assessment:
modern facilities domestic: totally automatic system; highly developed international: tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean) (1997) |
| Telephones - main lines in use | 190,700 (2003) | 96,000 (1997) |
| Telephones - mobile cellular | 279,100 (2003) | 6,152 (1997) |
| Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 1 (1997) |
| Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | long, flat coral formations with some low rounded hills |
| Total fertility rate | 1.93 children born/woman (2004 est.) | 2.3 children born/woman (2001 est.) |
| Unemployment rate | 3.4% (2003 est.) | 9% (1998 est.) |
| Waterways | - | none |
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