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Compare Liechtenstein (2006) - Faroe Islands (2006)

Compare Liechtenstein (2006) z Faroe Islands (2006)

 Liechtenstein (2006)Faroe Islands (2006)
 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: 17.4% (male 2,922/female 2,988)


15-64 years: 70.2% (male 11,842/female 12,022)


65 years and over: 12.4% (male 1,773/female 2,440) (2006 est.)
0-14 years: 20.9% (male 4,940/female 4,952)


15-64 years: 65.1% (male 16,247/female 14,522)


65 years and over: 13.9% (male 2,976/female 3,609) (2006 est.)
Agriculture - products wheat, barley, corn, potatoes; livestock, dairy products milk, potatoes, vegetables; sheep; salmon, other fish
Airports - 1 (2006)
Airports - with paved runways - total: 1


914 to 1,523 m: 1 (2006)
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 enter into 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. Shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering. Liechtenstein has, however, implemented new anti-money-laundering legislation and recently concluded a Mutual Legal Assistance Treaty with the US. 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 10.21 births/1,000 population (2006 est.) 14.05 births/1,000 population (2006 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 name: Vaduz


geographic coordinates: 47 09 N, 9 31 E


time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
name: Torshavn


geographic coordinates: 62 01 N, 6 46 W


time difference: UTC (5 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
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 (doubly 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
Death rate 7.18 deaths/1,000 population (2006 est.) 8.7 deaths/1,000 population (2006 est.)
Debt - external $0 (2001) $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 chief of mission: Ambassador Claudia FRITSCHE


chancery: 888 17th Street NW, Suite 1250, Washington, DC 20006


telephone: [1] (202) 331-0590


FAX: [1] (202) 331-3221
none (self-governing overseas administrative division of Denmark)
Disputes - international in February 2005, the ICJ refused to rule on the restitution of Liechtenstein's land and property assets in the Czech Republic confiscated in 1945 as German property 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 - recipient $0 $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 its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many 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 the European Free Trade Association (EFTA) and the 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 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 have helped 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 (about 15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians.
Electricity - consumption - 242 million kWh (2003)
Electricity - exports - 0 kWh (2003)
Electricity - imports - 0 kWh (2003)
Electricity - production - 260.2 million kWh (2003)
Elevation extremes lowest point: Ruggeller Riet 430 m


highest point: Vorder-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-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands


signed, but not ratified: Law of the Sea
-
Ethnic groups Alemannic 86%, Italian, Turkish, and other 14% Scandinavian
Exchange rates Swiss francs per US dollar - 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002), 1.6876 (2001) Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001)
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); note - on 15 August 2004, HANS ADAM transferred the official duties of the ruling prince to ALOIS, but HANS ADAM retains status of chief of state


head of government: Head of Government Ottmar HASLER (since 5 April 2001) and Deputy Head of Government Rita KIEBER-BECK (since 5 April 2001)


cabinet: Cabinet elected by the Parliament, confirmed by the monarch


elections: none; the monarch is hereditary; following legislative elections, the leader of the majority party in the Landtag is usually appointed the head of government by the monarch and the leader of the largest minority party in the Landtag 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
Exports $2.47 billion (1996) NA bbl/day
Exports - commodities small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products fish and fish products 94%, stamps, ships (1999)
Exports - partners EU 62.6% (Germany 24.3%, Austria 9.5%, France 8.9%, Italy 6.6%, UK 4.6%), US 18.9%, Switzerland 15.7% (2004) Denmark 38.2%, UK 29.6%, Nigeria 8.9%, Norway 6.1%, Netherlands 4.3% (2005)
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 - composition by sector agriculture: 6% NA%


industry: 39%


services: 55% NA% (1999)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - real growth rate 11% (1999 est.) 10% (2001 est.)
Geographic coordinates 47 16 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
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA%


highest 10%: NA%
Illicit drugs has strengthened money-laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector -
Imports $917.3 million (1996) NA bbl/day
Imports - commodities agricultural products, raw materials, machinery, metal goods, textiles, foodstuffs, motor vehicles consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)
Imports - partners EU, Switzerland (2004) Denmark 46.2%, Norway 18.2%, Germany 8.2%, Spain 7.5%, Iceland 4.8% (2005)
Independence 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (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, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments fishing, fish processing, small ship repair and refurbishment, handicrafts
Infant mortality rate total: 4.64 deaths/1,000 live births


male: 6.24 deaths/1,000 live births


female: 3.04 deaths/1,000 live births (2006 est.)
total: 6.12 deaths/1,000 live births


male: 7.4 deaths/1,000 live births


female: 4.85 deaths/1,000 live births (2006 est.)
Inflation rate (consumer prices) 1% (2001) 5.1% (1999)
International organization participation CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, IPU, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO Arctic Council, IMO (associate), NC, NIB, UPU
Irrigated land NA 0 sq km
Judicial branch Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht none
Labor force 29,500 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2001) 24,250 (October 2000)
Labor force - by occupation agriculture: 2%


industry: 47%


services: 51% (31 December 2001)
agriculture: 33%


industry: 33%


services: 34%
Land boundaries total: 76 km


border countries: Austria 34.9 km, Switzerland 41.1 km
0 km
Land use arable land: 25%


permanent crops: 0%


other: 75% (2005)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
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 Parliament or Landtag (25 seats; members are elected by direct, popular vote under proportional representation to serve four-year terms)


elections: last held 11 and 13 March 2005 (next to be held by NA 2009)


election results: percent of vote by party - FBP 48.7%, VU 38.2%, FL 13%; seats by party - FBP 12, VU 10, FL 3
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 Democratic Party 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 Democratic Party 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1


note: election of two 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: 79.68 years


male: 76.1 years


female: 83.28 years (2006 est.)
total population: 79.35 years


male: 75.91 years


female: 82.8 years (2006 est.)
Literacy definition: age 10 and over can read and write


total population: 100%


male: 100%


female: 100%
definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, 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: 18 ships (1000 GRT or over) 19,265 GRT/9,171 DWT


by type: cargo 10, container 2, passenger/cargo 4, petroleum tanker 2


foreign-owned: 8 (Iceland 4, Norway 4) (2006)
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 (Olavasoka), 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 4.77 migrant(s)/1,000 population (2006 est.) 0.47 migrant(s)/1,000 population (2006 est.)
Pipelines gas 20 km (2006) -
Political parties and leaders Patriotic Union (was Fatherland Union) or VU [Adolf HEEB]; Progressive Citizens' Party or FBP [Otmar HASLER]; The Free List or FL 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 Leo JOHANNESEN]
Political pressure groups and leaders NA NA
Population 33,987 (July 2006 est.) 47,246 (July 2006 est.)
Population below poverty line NA% NA%
Population growth rate 0.78% (2006 est.) 0.58% (2006 est.)
Radio broadcast stations AM 0, FM 4, shortwave 0 (1998) AM 1, FM 13, shortwave 0 (1998)
Railways 9 km 1.435-m gauge (electrified)


note: belongs to the Austrian Railway System connecting Austria and Switzerland (2006)
-
Religions Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002) Evangelical Lutheran
Sex ratio at birth: 1.01 male(s)/female


under 15 years: 0.98 male(s)/female


15-64 years: 0.99 male(s)/female


65 years and over: 0.73 male(s)/female


total population: 0.95 male(s)/female (2006 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: 0.83 male(s)/female


total population: 1.05 male(s)/female (2006 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system general assessment: automatic telephone system


domestic: NA


international: country code - 423; 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 19,900 (2002) 23,800 (2005)
Telephones - mobile cellular 11,400 (2002) 42,500 (2005)
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 1.51 children born/woman (2006 est.) 2.17 children born/woman (2006 est.)
Unemployment rate 1.3% (September 2002) 1% (October 2000)
Waterways 28 km (2005) -
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