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Compare Iceland (2005) - Bermuda (2008)
Compare Iceland (2005) z Bermuda (2008)
| Iceland (2005) | Bermuda (2008) | |
 |  | |
| Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 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: 22.1% (male 33,302/female 32,257)
15-64 years: 66.2% (male 99,513/female 96,886) 65 years and over: 11.7% (male 15,723/female 19,056) (2005 est.) |
0-14 years: 18.3% (male 6,094/female 6,014)
15-64 years: 69.2% (male 22,696/female 23,094) 65 years and over: 12.5% (male 3,597/female 4,668) (2007 est.) |
| Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | bananas, vegetables, citrus, flowers; dairy products, honey |
| Airports | 98 (2004 est.) | 1 (2007) |
| 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
2,438 to 3,047 m: 1 (2007) |
| 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: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
| Area - comparative | slightly smaller than Kentucky | about one-third 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. | 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. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue. |
| Birth rate | 13.73 births/1,000 population (2005 est.) | 11.26 births/1,000 population (2007 est.) |
| Budget | revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
revenues: $738 million
expenditures: $665 million (FY04/05) |
| Capital | Reykjavik | name: Hamilton
geographic coordinates: 32 17 N, 64 47 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November |
| Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | subtropical; mild, humid; gales, strong winds common in winter |
| Coastline | 4,988 km | 103 km |
| Constitution | 16 June 1944, effective 17 June 1944; amended many times | 8 June 1968; amended 1989 and 2003 |
| 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: Bermuda former: Somers Islands |
| Death rate | 6.68 deaths/1,000 population (2005 est.) | 7.84 deaths/1,000 population (2007 est.) |
| Debt - external | $3.073 billion (2002) | $160 million (FY99/00) |
| Dependency status | - | overseas territory of the UK |
| 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: Consul General Gregory W. SLAYTON
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US 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 | 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 (overseas territory of the UK) |
| Disputes - international | Iceland disputes Denmark's alignment of the Faroe Islands' fisheries median line; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | none |
| Economic aid - donor | $NA | - |
| Economic aid - recipient | - | $90,000 (2004) |
| 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 8% 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 estimates call for strong growth until 2007, slowly dropping until the end of the decade. | Bermuda enjoys the highest per capita income in the world, more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005, contributing to the expansion of an already robust international business sector. Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry. 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 with only 20% of the land being arable. |
| Electricity - consumption | 7.692 billion kWh (2002) | 574.8 million kWh (2005) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (2005) |
| Electricity - production | 8.271 billion kWh (2002) | 618 million kWh (2005) |
| 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: Town Hill 76 m |
| Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | sustainable development |
| Environment - international agreements | party to: Air Pollution, Air Pollution-Persistent Organic Pollutants, 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: Environmental Modification, Marine Life Conservation |
- |
| Ethnic groups | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% | black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census) |
| Exchange rates | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US 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); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister 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 Sir Richard GOZNEY (since 12 December 2007)
head of government: Premier Ewart BROWN (since 30 October 2006); Deputy Premier Paula COX 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 (2001) | 0 bbl/day (2005) |
| Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | reexports of pharmaceuticals |
| Exports - partners | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) | Spain 35.3%, UK 15.7%, Brazil 9.1%, Sweden 7.5% (2006) |
| Fiscal year | calendar year | 1 April - 31 March |
| 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) | 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: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
agriculture: 1%
industry: 10% services: 89% (2002 est.) |
| GDP - per capita | purchasing power parity - $31,900 (2004 est.) | - |
| GDP - real growth rate | 1.8% (2004 est.) | 4.6% (2004 est.) |
| Geographic coordinates | 65 00 N, 18 00 W | 32 20 N, 64 45 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 | 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: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
- |
| 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) | 4,250 bbl/day (2004) |
| Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals |
| Imports - partners | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) | US 71.8%, Venezuela 6.9%, Canada 6.6% (2006) |
| Independence | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) | none (overseas territory of the UK) |
| Industrial production growth rate | 8.8% (2004 est.) | NA% |
| Industries | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism | international business, tourism, light manufacturing |
| Infant mortality rate | total: 3.31 deaths/1,000 live births
male: 3.45 deaths/1,000 live births female: 3.16 deaths/1,000 live births (2005 est.) |
total: 8.08 deaths/1,000 live births
male: 9.58 deaths/1,000 live births female: 6.56 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 4% (2004 est.) | 2.8% (November 2005) |
| 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 | Caricom (associate), Interpol (subbureau), IOC, ITUC, UPU, WCO |
| Irrigated land | NA sq km | NA |
| 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; Magistrate Courts |
| Labor force | 158,100 (2004 est.) | 38,360 (2004) |
| Labor force - by occupation | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) | agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land: 20%
permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2005) |
| Languages | Icelandic, English, Nordic languages, German widely spoken | English (official), Portuguese |
| Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | English 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 (11 seats; members 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 18 December 2007 (next to be held not later than 2012) election results: percent of vote by party - PLP 52.5%, UBP 47.3%; seats by party - PLP 22, UBP 14 |
| Life expectancy at birth | total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 est.) |
total population: 78.13 years
male: 76 years female: 80.29 years (2007 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% male: 98% female: 99% (2005 est.) |
| Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | North America, group of islands in the North Atlantic Ocean, east of South Carolina (US) |
| Map references | Arctic Region | North America |
| 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: 12 nm
exclusive fishing zone: 200 nm |
| Merchant marine | total: 3 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: cargo 2, passenger/cargo 1 registered in other countries: 30 (2005) |
total: 133 ships (1000 GRT or over) 8,366,999 GRT/8,615,385 DWT
by type: bulk carrier 24, container 22, liquefied gas 30, passenger 23, passenger/cargo 5, petroleum tanker 15, refrigerated cargo 10, roll on/roll off 4 foreign-owned: 126 (Australia 4, Belgium 3, China 10, France 1, Germany 21, Greece 3, Hong Kong 4, Ireland 1, Israel 3, Japan 1, Nigeria 11, Norway 5, Singapore 1, Sweden 15, UK 20, US 23) registered in other countries: 50 (Bahamas 12, Croatia 2, Marshall Islands 5, Philippines 31) (2007) |
| Military - note | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik | defense is the responsibility of the UK |
| Military branches | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) | no regular military forces; Bermuda Police Service, Bermuda Reserve Constabulary, Bermuda Regiment |
| Military expenditures - dollar figure | 0 | - |
| Military expenditures - percent of GDP | - | 0.11% (2005 est.) |
| National holiday | Independence Day, 17 June (1944) | Bermuda Day, 24 May |
| Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Bermudian(s)
adjective: Bermudian |
| Natural hazards | earthquakes and volcanic activity | hurricanes (June to November) |
| Natural resources | fish, hydropower, geothermal power, diatomite | limestone, pleasant climate fostering tourism |
| Net migration rate | 2.06 migrant(s)/1,000 population (2005 est.) | 2.34 migrant(s)/1,000 population (2007 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 [Ingibjorg Solrun GISLADOTTIR] | Progressive Labor Party or PLP [Ewart BROWN]; United Bermuda Party or UBP [Wayne FURBERT] |
| 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 | 296,737 (July 2005 est.) | 66,163 (July 2007 est.) |
| Population below poverty line | NA% | 19% (2000) |
| Population growth rate | 0.91% (2005 est.) | 0.576% (2007 est.) |
| Ports and harbors | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur | - |
| Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 5, FM 3, shortwave 0 (2005) |
| Religions | Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4% (2004) | 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: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1 male(s)/female (2005 est.) |
at birth: 1.02 male(s)/female
under 15 years: 1.013 male(s)/female 15-64 years: 0.983 male(s)/female 65 years and over: 0.771 male(s)/female total population: 0.959 male(s)/female (2007 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
domestic: fully automatic digital telephone system; fiber-optic trunk lines international: country code - 1-441; landing point for the Atlantica-1 telecommunications submarine cable that extends from the US to Brazil; satellite earth stations - 3 (2007) |
| Telephones - main lines in use | 190,700 (2003) | 57,700 (2006) |
| Telephones - mobile cellular | 279,100 (2003) | 60,100 (2006) |
| Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 3 (2005) |
| Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | low hills separated by fertile depressions |
| Total fertility rate | 1.92 children born/woman (2005 est.) | 1.88 children born/woman (2007 est.) |
| Unemployment rate | 3.1% (2004 est.) | 2.1% (2004 est.) |
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