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Compare Iceland (2005) - Cayman Islands (2004)
Compare Iceland (2005) z Cayman Islands (2004)
| Iceland (2005) | Cayman Islands (2004) | |
 |  | |
| Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western |
| 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: 21.4% (male 4,608; female 4,616)
15-64 years: 70.6% (male 14,858; female 15,593) 65 years and over: 8% (male 1,607; female 1,821) (2004 est.) |
| Agriculture - products | potatoes, green vegetables, mutton, dairy products, fish | vegetables, fruit; livestock, turtle farming |
| Airports | 98 (2004 est.) | 3 (2003 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: 2
1,524 to 2,437 m: 2 (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.) |
total: 1
914 to 1,523 m: 1 (2004 est.) |
| Area | total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
total: 262 sq km
land: 262 sq km water: 0 sq km |
| Area - comparative | slightly smaller than Kentucky | 1.5 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 Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries. Administered by Jamaica since 1863, they remained a British dependency after 1962 when the former became independent. |
| Birth rate | 13.73 births/1,000 population (2005 est.) | 13.11 births/1,000 population (2004 est.) |
| Budget | revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
revenues: $265.2 million
expenditures: $248.9 million, including capital expenditures of NA (1997) |
| Capital | Reykjavik | George Town |
| Climate | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers | tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) |
| Coastline | 4,988 km | 160 km |
| Constitution | 16 June 1944, effective 17 June 1944; amended many times | 1959, revised 1972 and 1992 |
| 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: Cayman Islands |
| Currency | - | Caymanian dollar (KYD) |
| Death rate | 6.68 deaths/1,000 population (2005 est.) | 4.76 deaths/1,000 population (2004 est.) |
| Debt - external | $3.073 billion (2002) | $70 million (1996) |
| 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 |
none (overseas territory of the UK) |
| 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 | - | NA (1999) |
| 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. | With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.2 million in 1997, with 600,000 from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world. |
| Electricity - consumption | 7.692 billion kWh (2002) | 355.2 million kWh (2001) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (2001) |
| Electricity - production | 8.271 billion kWh (2002) | 381.9 million kWh (2001) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
lowest point: Caribbean Sea 0 m
highest point: The Bluff 43 m |
| Environment - current issues | water pollution from fertilizer runoff; inadequate wastewater treatment | no natural fresh water resources; drinking water supplies must be met by rainwater catchments |
| 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% | mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% |
| Exchange rates | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) | Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) |
| 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); Governor Bruce DINWIDDY (since 29 May 2002)
head of government: Chief Secretary W. McKeeva BUSH (since NA December 2001) cabinet: Executive Council (three members appointed by the governor, four members elected by the Legislative Assembly) elections: none; the monarch is hereditary; the governor is appointed by the monarch; the chief secretary is appointed by the governor |
| Exports | 0 bbl/day (2001) | NA (2001) |
| Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | turtle products, manufactured consumer goods |
| Exports - partners | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) | mostly US |
| 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) | blue, with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS |
| GDP | - | purchasing power parity - $1.27 billion (2002 est.) |
| GDP - composition by sector | agriculture: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
agriculture: 1.4%
industry: 3.2% services: 95.4% (1994 est.) |
| GDP - per capita | purchasing power parity - $31,900 (2004 est.) | purchasing power parity - $35,000 (2002 est.) |
| GDP - real growth rate | 1.8% (2004 est.) | 1.7% (2002 est.) |
| Geographic coordinates | 65 00 N, 18 00 W | 19 30 N, 80 30 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 | important location between Cuba and Central America |
| Highways | total: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
total: 785 km
paved: 785 km (2000) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA
highest 10%: NA |
| Illicit drugs | - | offshore financial center; vulnerable to drug transshipment to the US and Europe |
| Imports | 15,470 bbl/day (2001) | NA (2001) |
| Imports - commodities | machinery and equipment, petroleum products; foodstuffs, textiles | foodstuffs, manufactured goods |
| Imports - partners | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) | US, Trinidad and Tobago, UK, Netherlands Antilles, Japan |
| 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 | tourism, banking, insurance and finance, construction, construction materials, furniture |
| 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: 8.41 deaths/1,000 live births
male: 9.64 deaths/1,000 live births female: 7.16 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 4% (2004 est.) | 2.8% (2002) |
| 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), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU |
| 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) | Summary Court; Grand Court; Cayman Islands Court of Appeal |
| Labor force | 158,100 (2004 est.) | 19,820 (1995) |
| Labor force - by occupation | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) | agriculture 1.4%, industry 12.6%, services 86% (1995) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
arable land: 3.85%
permanent crops: 0% other: 96.15% (2001) |
| Languages | Icelandic, English, Nordic languages, German widely spoken | English |
| Legal system | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction | British common law and local statutes |
| 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 Legislative Assembly (18 seats, three appointed members from the Executive Council and 15 elected by popular vote; members serve four-year terms)
elections: last held 8 November 2000 (next to be held 17 November 2004) election results: percent of vote - NA; seats - NA |
| Life expectancy at birth | total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 est.) |
total population: 79.81 years
male: 77.21 years female: 82.45 years (2004 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 has ever attended school
total population: 98% male: 98% female: 98% (1970 est.) |
| Location | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK | Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras |
| 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 |
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: 137 ships (1,000 GRT or over) 2,827,837 GRT/4,555,974 DWT
by type: bulk 27, cargo 7, chemical tanker 36, container 2, liquefied gas 1, petroleum tanker 25, refrigerated cargo 33, roll on/roll off 4, short-sea/passenger 1, specialized tanker 1 foreign-owned: Germany 9, Greece 25, Hong Kong 3, Italy 14, Norway 4, Singapore 1, Spain 11, Sweden 13, Switzerland 1, United Kingdom 18, United States 43 registered in other countries: 2 (2004 est.) |
| 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; Royal Cayman Islands Police Force |
| Military expenditures - dollar figure | 0 | - |
| National holiday | Independence Day, 17 June (1944) | Constitution Day, first Monday in July |
| Nationality | noun: Icelander(s)
adjective: Icelandic |
noun: Caymanian(s)
adjective: Caymanian |
| Natural hazards | earthquakes and volcanic activity | hurricanes (July to November) |
| Natural resources | fish, hydropower, geothermal power, diatomite | fish, climate and beaches that foster tourism |
| Net migration rate | 2.06 migrant(s)/1,000 population (2005 est.) | 18.75 migrant(s)/1,000 population
note: major destination for Cubans trying to migrate to the US (2004 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] | no national teams (loose groupings of political organizations) were formed for the 2000 elections; United Democratic Party or UDP [leader McKeeva BUSH]; People's Progressive Movement or PPM [leader Kurt TIBBETTS] |
| Political pressure groups and leaders | NA | NA |
| Population | 296,737 (July 2005 est.) | 43,103 (July 2004 est.) |
| Population below poverty line | NA% | NA (2002 est.) |
| Population growth rate | 0.91% (2005 est.) | 2.71% (2004 est.) |
| Ports and harbors | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur | Cayman Brac, George Town |
| Radio broadcast stations | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) | AM 1, FM 5, shortwave 0 (1998) |
| 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) | United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic |
| 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 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.88 male(s)/female total population: 0.96 male(s)/female (2004 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: NA
domestic: NA international: country code - 1-345; 1 submarine coaxial cable; satellite earth station - 1 Intelsat (Atlantic Ocean) |
| Telephones - main lines in use | 190,700 (2003) | 38,000 (2002) |
| Telephones - mobile cellular | 279,100 (2003) | 17,000 (2002) |
| Television broadcast stations | 14 (plus 156 low-power repeaters) (1997) | 1 with cable system |
| Terrain | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords | low-lying limestone base surrounded by coral reefs |
| Total fertility rate | 1.92 children born/woman (2005 est.) | 1.9 children born/woman (2004 est.) |
| Unemployment rate | 3.1% (2004 est.) | 4.1% (1997) |
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