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Compare Liechtenstein (2001) - Faroe Islands (2004)

Compare Liechtenstein (2001) z Faroe Islands (2004)

 Liechtenstein (2001)Faroe Islands (2004)
 LiechtensteinFaroe Islands
Administrative divisions 11 communes (gemeinden, singular - gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz 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:
18.41% (male 2,992; female 2,996)

15-64 years:
70.6% (male 11,455; female 11,511)

65 years and over:
10.99% (male 1,439; female 2,135) (2001 est.)
0-14 years: 21.6% (male 5,056; female 5,041)


15-64 years: 64.6% (male 15,975; female 14,187)


65 years and over: 13.7% (male 2,877; female 3,526) (2004 est.)
Agriculture - products wheat, barley, corn, potatoes; livestock, dairy products milk, potatoes, vegetables; sheep; salmon, other fish
Airports none 1 (2003 est.)
Airports - with paved runways - total: 1


914 to 1,523 m: 1 (2004 est.)
Area total:
160 sq km

land:
160 sq km

water:
0 sq km
total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
Area - comparative about 0.9 times the size of Washington, DC eight times the size of Washington, DC
Background The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to conclude a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral) the country's low taxes have spurred outstanding economic growth. However, shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering. 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 11.53 births/1,000 population (2001 est.) 13.89 births/1,000 population (2004 est.)
Budget revenues:
$424.2 million

expenditures:
$414.1 million, including capital expenditures of $NA (1998 est.)
revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
Capital Vaduz Torshavn
Climate continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers mild winters, cool summers; usually overcast; foggy, windy
Coastline 0 km (landlocked) 1,117 km
Constitution 5 October 1921 5 June 1953 (Danish constitution)
Country name conventional long form:
Principality of Liechtenstein

conventional short form:
Liechtenstein

local long form:
Fuerstentum Liechtenstein

local short form:
Liechtenstein
conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
Currency Swiss franc (CHF) Danish krone (DKK)
Death rate 6.7 deaths/1,000 population (2001 est.) 8.68 deaths/1,000 population (2004 est.)
Debt - external $0 (1996) $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 the US does not have an embassy in Liechtenstein, but the US Ambassador to Switzerland is also accredited to Liechtenstein none (self-governing overseas administrative division of Denmark)
Diplomatic representation in the US Liechtenstein's Ambassador to the US, Claudia FRITSCHE, is dually accredited to the UN in New York none (self-governing overseas administrative division of Denmark)
Disputes - international Liechtenstein's royal family claims restitution for 1,600 sq km of land in the Czech Republic confiscated in 1918 Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 nm; Denmark disputes with Iceland, the UK, and Ireland the Faroe Islands claim extending its continental shelf boundary beyond 200 nm
Economic aid - recipient none $135 million (annual subsidy from Denmark) (1998)
Economy - overview Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes - the maximum tax rate is 18% - and easy incorporation rules have induced 73,700 holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between European Free Trade Association (EFTA) and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. 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 falling 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 help 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 NA kWh 149.1 million kWh (2001)
Electricity - exports NA kWh 0 kWh (2001)
Electricity - imports NA kWh 0 kWh (2001)
Electricity - production - 160.4 million kWh (2001)
Electricity - production by source fossil fuel:
NA%

hydro:
NA%

nuclear:
NA%

other:
NA%
-
Elevation extremes lowest point:
Ruggeller Riet 430 m

highest point:
Grauspitz 2,599 m
lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
Environment - current issues NA NA
Environment - international agreements party to:
Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur 85, Air Pollution-Sulphur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands

signed, but not ratified:
Air Pollution-Persistent Organic Pollutants, Climate Change-Kyoto Protocol, Law of the Sea
-
Ethnic groups Alemannic 87.5%, Italian, Turkish, and other 12.5% Scandinavian
Exchange rates Swiss francs per US dollar - 1.6303 (January 2001), 1.6888 (2000), 1.5022 (1999), 1.4498 (1998), 1.4513 (1997), 1.2360 (1996) Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999)
Executive branch chief of state:
Prince HANS ADAM II (since 13 November 1989, assumed executive powers 26 August 1984); Heir Apparent Prince ALOIS, son of the monarch (born 11 June 1968)

head of government:
Head of Government Mario FRICK (since 15 December 1993) and Deputy Head of Government Michael RITTER (since 2 February 1997)

cabinet:
Cabinet elected by the Diet; confirmed by the monarch

elections:
none; the monarch is hereditary; following legislative elections, the leader of the majority party in the Diet is usually appointed the head of government by the monarch and the leader of the largest minority party in the Diet is usually appointed the deputy head of government by the monarch
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 $2.47 billion (1996) NA (2001)
Exports - commodities small specialty machinery, dental products, stamps, hardware, pottery fish and fish products 94%, stamps, ships (1999)
Exports - partners EU and EFTA countries 60.57% (Switzerland 15.7%) (1995) Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003)
Fiscal year calendar year calendar year
Flag description two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band 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 - $730 million (1998 est.) purchasing power parity - $1 billion (2001 est.)
GDP - composition by sector agriculture:
NA%

industry:
NA%

services:
NA%
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita purchasing power parity - $23,000 (1998 est.) purchasing power parity - $22,000 (2001 est.)
GDP - real growth rate NA% 10% (2001 est.)
Geographic coordinates 47 10 N, 9 32 E 62 00 N, 7 00 W
Geography - note along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation 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:
250 km

paved:
250 km

unpaved:
0 km
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
Illicit drugs multilateral organizations engaged in issuing international guidelines for financial sector oversight have found gaps in Liechtenstein's financial services controls that make it vulnerable to money laundering -
Imports $917.3 million (1996) NA (2001)
Imports - commodities machinery, metal goods, textiles, foodstuffs, motor vehicles machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners EU countries, Switzerland (1996) Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003)
Independence 23 January 1719 Imperial Principality of Liechtenstein established; 12 July 1806 established independence from the Holy Roman Empire none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
Industrial production growth rate NA% 8% (1999 est.)
Industries electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments, tourism fishing, fish processing, shipbuilding, construction, handicrafts
Infant mortality rate 4.99 deaths/1,000 live births (2001 est.) total: 6.38 deaths/1,000 live births


male: 7.72 deaths/1,000 live births


female: 5.03 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 0.5% (1997 est.) 5.1% (1999)
International organization participation CE, EBRD, ECE, EFTA, IAEA, ICRM, IFRCS, Intelsat, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNIDO, UPU, WCL, WHO (observer), WIPO, WTrO IMO (associate), NC, NIB, UPU
Internet Service Providers (ISPs) 44 (Liechtenstein and Switzerland) (2000) -
Irrigated land NA sq km 0 sq km (1998 est.)
Judicial branch Supreme Court or Oberster Gerichtshof; Superior Court or Obergericht none
Labor force 22,891 of which 13,847 are foreigners; 8,231 commute from Austria and Switzerland to work each day 24,250 (October 2000)
Labor force - by occupation industry, trade, and building 45%, services 53%, agriculture, fishing, forestry, and horticulture 2% (1997 est.) fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%
Land boundaries total:
76 km

border countries:
Austria 35 km, Switzerland 41 km
0 km
Land use arable land:
24%

permanent crops:
0%

permanent pastures:
16%

forests and woodland:
35%

other:
25% (1993 est.)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
Languages German (official), Alemannic dialect Faroese (derived from Old Norse), Danish
Legal system local civil and penal codes; accepts compulsory ICJ jurisdiction, with reservations Danish
Legislative branch unicameral Diet or Landtag (25 seats; members are elected by direct popular vote under proportional representation to serve four-year terms)

elections:
last held on 9-11 February 2001 (next to be held by NA 2005)

election results:
percent of vote by party - FBP 49.90%, VU 41.35%, FL 8.71%; seats by party - FBP 13, VU 11, FL 1
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 20 November 2001 (next to be held 8 February 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
Life expectancy at birth total population:
78.95 years

male:
75.32 years

female:
82.6 years (2001 est.)
total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
Literacy definition:
age 10 and over can read and write

total population:
100%

male:
100%

female:
100% (1981 est.)
definition: NA


total population: NA


male: NA


female: NA


note: probably the same as Denmark proper
Location Central Europe, between Austria and Switzerland 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 Europe Europe
Maritime claims none (landlocked) 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: 7 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT


by type: cargo 3, container 1, petroleum tanker 1, roll on/roll off 1, short-sea/passenger 1


foreign-owned: Denmark 2, Norway 1, United Kingdom 1


registered in other countries: 1 (2004 est.)
Military - note defense is the responsibility of Switzerland defense is the responsibility of Denmark
Military branches - no regular military forces
Military expenditures - dollar figure - NA
Military expenditures - percent of GDP - NA
National holiday Assumption Day, 15 August Olaifest, 29 July
Nationality noun:
Liechtensteiner(s)

adjective:
Liechtenstein
noun: Faroese (singular and plural)


adjective: Faroese
Natural hazards NA NA
Natural resources hydroelectric potential, arable land fish, whales, hydropower, possible oil and gas
Net migration rate 4.98 migrant(s)/1,000 population (2001 est.) 1.41 migrant(s)/1,000 population (2004 est.)
Political parties and leaders Fatherland Union or VU [Dr. Oswald KRANZ]; Progressive Citizens' Party or FBP [Dr. Ernst WALCH]; The Free List or FL [Dr. Pepo FRICK, Karin JENNY, Rene HASLER] Center Party [Jenis A. RANA]; Independence Party [Helena Dam a NEYSTABO]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Lisbeth PETERSEN]
Political pressure groups and leaders NA NA
Population 32,528 (July 2001 est.) 46,662 (July 2004 est.)
Population below poverty line NA% NA
Population growth rate 0.98% (2001 est.) 0.66% (2004 est.)
Ports and harbors none Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations AM 0, FM 4, shortwave 0 (1998) AM 1, FM 13, shortwave 0 (1998)
Radios 21,000 (1997) -
Railways total:
18.5 km; note - owned, operated, and included in statistics of Austrian Federal Railways

standard gauge:
18.5 km 1.435-m gauge (electrified)
-
Religions Roman Catholic 80%, Protestant 7.4%, unknown 7.7%, other 4.9% (1996) Evangelical Lutheran
Sex ratio at birth:
1.01 male(s)/female

under 15 years:
1 male(s)/female

15-64 years:
1 male(s)/female

65 years and over:
0.67 male(s)/female

total population:
0.95 male(s)/female (2001 est.)
at birth: 1 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 1.13 male(s)/female


65 years and over: 0.82 male(s)/female


total population: 1.05 male(s)/female (2004 est.)
Suffrage 20 years of age; universal 18 years of age; universal
Telephone system general assessment:
automatic telephone system

domestic:
NA

international:
linked to Swiss networks by cable and microwave radio relay
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 20,000 (1997) 23,000 (2002)
Telephones - mobile cellular NA 30,700 (2002)
Television broadcast stations NA (linked to Swiss networks) (1997) 3 (plus 43 low-power repeaters) (September 1995)
Terrain mostly mountainous (Alps) with Rhine Valley in western third rugged, rocky, some low peaks; cliffs along most of coast
Total fertility rate 1.5 children born/woman (2001 est.) 2.22 children born/woman (2004 est.)
Unemployment rate 1.8% (February 1999) 1% (October 2000)
Waterways none -
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