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Compare Iceland (2004) - Faroe Islands (2005)
Compare Iceland (2004) z Faroe Islands (2005)
| Iceland (2004) | Faroe Islands (2005) | |
 |  | |
| Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 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 49 municipalities |
| 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: 21.3% (male 4,997/female 4,999)
15-64 years: 64.9% (male 16,120/female 14,360) 65 years and over: 13.8% (male 2,923/female 3,563) (2005 est.) |
| Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 100 (2003 est.) | 1 (2004 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: 1
914 to 1,523 m: 1 (2004 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.) |
- |
| Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
| Area - comparative | slightly smaller than Kentucky | eight times the size of Washington, DC |
| 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. | 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. |
| Birth rate | 13.83 births/1,000 population (2004 est.) | 13.97 births/1,000 population (2005 est.) |
| Budget | revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
| Capital | Reykjavik | Torshavn |
| Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 4,988 km | 1,117 km |
| Constitution | 16 June 1944, effective 17 June 1944 | 5 June 1953 (Danish constitution) |
| Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Currency | Icelandic krona (ISK) | - |
| Death rate | 6.57 deaths/1,000 population (2004 est.) | 8.69 deaths/1,000 population (2005 est.) |
| Debt - external | $2.6 billion (1999) | $64 million (1999) |
| Dependency status | - | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 |
| 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 |
none (self-governing overseas administrative division of Denmark) |
| 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 |
none (self-governing overseas administrative division of Denmark) |
| 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 | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland disputes the Faroe Islands' fisheries median line boundary; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - donor | NA | - |
| Economic aid - recipient | - | $135 million (annual subsidy from Denmark) (1998) |
| 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 Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is minimal and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn has helped to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. |
| Electricity - consumption | 7.341 billion kWh (2001) | 204.6 million kWh (2002) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2002) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2002) |
| Electricity - production | 7.894 billion kWh (2001) | 220 million kWh (2002) |
| 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: Slaettaratindur 882 m |
| Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | NA |
| 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 |
- |
| Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | Scandinavian |
| Exchange rates | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) | Danish kroner per US dollar - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000) |
| 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 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% note: coalition of Social Democrats, Union Party, and People's Party |
| Exports | 0 bbl/day (2001) | NA |
| Exports - commodities | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon | fish and fish products 94%, stamps, ships (1999) |
| 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) | Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004) |
| Fiscal year | calendar year | calendar year |
| 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) | 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) |
| GDP | purchasing power parity - $8.678 billion (2003 est.) | - |
| GDP - composition by sector | agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | purchasing power parity - $30,900 (2003 est.) | purchasing power parity - $22,000 (2001 est.) |
| GDP - real growth rate | 2.6% (2003 est.) | 10% (2001 est.) |
| Geographic coordinates | 65 00 N, 18 00 W | 62 00 N, 7 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 | 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 |
| Highways | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
total: 463 km
paved: 454 km unpaved: 9 km (1999) |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
| Imports | 15,470 bbl/day (2001) | NA |
| Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) |
| 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) | Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004) |
| Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) |
| Industrial production growth rate | 8.1% (2003 est.) | 8% (1999 est.) |
| Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | fishing, fish processing, small ship repair and refurbishment, handicrafts |
| 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.) |
total: 6.24 deaths/1,000 live births
male: 7.54 deaths/1,000 live births female: 4.93 deaths/1,000 live births (2005 est.) |
| Inflation rate (consumer prices) | 2.1% (2003 est.) | 5.1% (1999) |
| 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 | IMO (associate), NC, NIB, UPU |
| Irrigated land | NA sq km | 0 sq km (1998 est.) |
| 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) | none |
| Labor force | 160,000 (2003) | 24,250 (October 2000) |
| Labor force - by occupation | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
| Languages | Icelandic, English, Nordic languages, German widely spoken | Faroese (derived from Old Norse), Danish |
| Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | Danish |
| 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 |
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 Democrats 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democrats 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1 note: election of 2 seats to the Danish Parliament was last held on 8 February 2005 (next to be held February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1 |
| Life expectancy at birth | total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
total population: 79.21 years
male: 75.77 years female: 82.67 years (2005 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
definition: NA
total population: NA% male: NA% female: NA% note: probably the same as Denmark proper |
| Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway |
| Map references | Arctic Region | Europe |
| Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
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 |
| 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: 14 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT
by type: cargo 6, container 1, passenger/cargo 5, petroleum tanker 2 foreign-owned: 8 (Denmark 2, Germany 1, Iceland 2, Norway 2, United Kingdom 1) (2005) |
| Military - note | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik | defense is the responsibility of Denmark |
| Military branches | no regular armed forces; Police, Coast Guard | no regular military forces |
| Military expenditures - dollar figure | 0 | $NA |
| 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) | Olaifest (Olavasoka), 29 July |
| Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | earthquakes and volcanic activity | NA |
| Natural resources | fish, hydropower, geothermal power, diatomite | fish, whales, hydropower, possible oil and gas |
| Net migration rate | 2.38 migrant(s)/1,000 population (2004 est.) | 0.94 migrant(s)/1,000 population (2005 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] | 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 Oeo JOHANNESEN] |
| Political pressure groups and leaders | NA | NA |
| Population | 293,966 (July 2004 est.) | 46,962 (July 2005 est.) |
| Population below poverty line | NA | NA% |
| Population growth rate | 0.97% (2004 est.) | 0.62% (2005 est.) |
| Ports and harbors | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar | Torshavn |
| Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Religions | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) | Evangelical Lutheran |
| 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 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 1.12 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1.05 male(s)/female (2005 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: 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 |
| Telephones - main lines in use | 190,700 (2003) | 23,000 (2002) |
| Telephones - mobile cellular | 279,100 (2003) | 30,700 (2002) |
| Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 3 (plus 43 low-power repeaters) (September 1995) |
| Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 1.93 children born/woman (2004 est.) | 2.2 children born/woman (2005 est.) |
| Unemployment rate | 3.4% (2003 est.) | 1% (October 2000) |
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