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Compare Monaco (2003) - Faroe Islands (2002)
Compare Monaco (2003) z Faroe Islands (2002)
| Monaco (2003) | Faroe Islands (2002) | |
 |  | |
| Administrative divisions | none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo | 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: 15.5% (male 2,551; female 2,445)
15-64 years: 62.1% (male 9,814; female 10,130) 65 years and over: 22.4% (male 2,937; female 4,253) (2003 est.) |
0-14 years: 22.3% (male 5,149; female 5,110)
15-64 years: 64% (male 15,650; female 13,801) 65 years and over: 13.7% (male 2,818; female 3,483) (2002 est.) |
| Agriculture - products | none | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | none; linked to airport in Nice, France, by helicopter service (2002) | 1 (2001) |
| Airports - with paved runways | - | total: 1
914 to 1,523 m: 1 (2002) |
| Area | total: 1.95 sq km
land: 1.95 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 three times the size of The Mall in Washington, DC | eight times the size of Washington, DC |
| Background | Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. | 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 | 9.46 births/1,000 population (2003 est.) | 13.74 births/1,000 population (2002 est.) |
| Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of $NA (1995) |
revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
| Capital | Monaco | Torshavn |
| Climate | Mediterranean with mild, wet winters and hot, dry summers | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 4.1 km | 1,117 km |
| Constitution | 17 December 1962 | 5 June 1953 (Danish constitution) |
| Country name | conventional long form: Principality of Monaco
conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Currency | euro (EUR) | Danish krone (DKK) |
| Death rate | 12.82 deaths/1,000 population (2003 est.) | 8.69 deaths/1,000 population (2002 est.) |
| Debt - external | $NA | $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 Monaco; the US Consul General in Marseille (France) is accredited to Monaco | none (self-governing overseas administrative division of Denmark) |
| Diplomatic representation in the US | Monaco does not have an embassy in the US
consulate(s) general: New York |
none (self-governing overseas administrative division of Denmark) |
| Disputes - international | none | 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 over the Faroe Islands continental shelf boundary outside 200 NM |
| Economic aid - recipient | $NA | $135 million (annual subsidy from Denmark) (1999) |
| Economy - overview | Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major new construction project will extend the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough. | 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 Denmark and 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 | 153.45 million kWh (2000) |
| Electricity - exports | - | 0 kWh (2000) |
| Electricity - imports | NA kWh
note: electricity supplied by France |
0 kWh (2000) |
| Electricity - production | - | 165 million kWh (2000) |
| Electricity - production by source | - | fossil fuel: 61%
hydro: 39% nuclear: 0% other: 0% (2000) |
| Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 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-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: Climate Change-Kyoto Protocol |
- |
| Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | Scandinavian |
| Exchange rates | euros per US dollar - 1.06 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998) | Danish kroner per US dollar - 8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997) |
| Executive branch | chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958)
head of government: Minister of State Patrick LECLERCQ (since 5 January 2000) cabinet: Council of Government is under the authority of the monarch elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government |
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 Anfinn KALLSBERG (since 15 May 1998) 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 30 April 1998 (next to be held no later than April 2002) election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8% note: coalition of People's Party, Republican Party, and Home Rule Party |
| Exports | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | $471 million f.o.b. (1999) |
| Exports - commodities | - | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | - | Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996) |
| Fiscal year | calendar year | calendar year |
| Flag description | two equal horizontal bands of red (top) and white; similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red | 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 - $870 million (1999 est.) | purchasing power parity - $910 million (2000 est.) |
| GDP - composition by sector | agriculture: NA%
industry: NA% services: NA% |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | purchasing power parity - $27,000 (1999 est.) | purchasing power parity - $20,000 (2000 est.) |
| GDP - real growth rate | NA% | 5% (2000 est.) |
| Geographic coordinates | 43 44 N, 7 24 E | 62 00 N, 7 00 W |
| Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | 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 |
| Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2002) | - |
| Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
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 | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | $469 million c.i.f. (1999) |
| Imports - commodities | - | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) |
| Imports - partners | - | Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999) |
| Independence | 1419 (beginning of the rule by the House of Grimaldi) | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) |
| Industrial production growth rate | NA% | 8% (1999 est.) |
| Industries | tourism, construction, small-scale industrial and consumer products | fishing, fish processing, shipbuilding, construction, handicrafts |
| Infant mortality rate | total: 5.63 deaths/1,000 live births
male: 6.52 deaths/1,000 live births female: 4.69 deaths/1,000 live births (2003 est.) |
6.66 deaths/1,000 live births (2002 est.) |
| Inflation rate (consumer prices) | NA% | 5.1% (1999) |
| International organization participation | ACCT, ECE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNITAR, UPU, WHO, WIPO, WMO, WToO | NC, NIB |
| Internet Service Providers (ISPs) | 2 (2000) | 2 (2000) |
| Irrigated land | NA sq km | 0 sq km (1998 est.) |
| Judicial branch | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) | none |
| Labor force | 30,540 (January 1994) | 24,250 (October 2000 ) |
| Labor force - by occupation | - | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% |
| Land boundaries | total: 4.4 km
border countries: France 4.4 km |
0 km |
| Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (1998 est.) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (1998 est.) |
| Languages | French (official), English, Italian, Monegasque | Faroese (derived from Old Norse), Danish |
| Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | Danish |
| Legislative branch | unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
elections: last held 9 February 2003 (next to be held NA February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 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 30 April 2002 (next to be held no later than April 2006) election results: percent of vote by party - Union Party 26%, Republican Party 23.7%, Social Democrats 20.9%, People's Party 20.8% Independence Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Independence Party 1, Center Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held no later than November 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1 |
| Life expectancy at birth | total population: 79.27 years
male: 75.37 years female: 83.37 years (2003 est.) |
total population: 78.74 years
male: 75.28 years female: 82.21 years (2002 est.) |
| Literacy | definition: NA
total population: 99% male: NA% female: NA% |
definition: NA
total population: NA% male: NA% female: NA% note: similar to Denmark proper |
| Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | 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 | territorial sea: 12 NM | continental shelf: 200 NM or agreed boundaries or median line
exclusive fishing zone: 200 NM or agreed boundaries or median line territorial sea: 3 NM |
| Merchant marine | none (2002 est.) | total: 7 ships (1,000 GRT or over) totaling 100,951 GRT/139,396 DWT
ships by type: cargo 2, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 3, Norway 1, United Kingdom 1 (2002 est.) |
| Military - note | defense is the responsibility of France | defense is the responsibility of Denmark |
| Military branches | - | no regular indigenous military forces; small Police Force and Coast Guard are maintained |
| Military expenditures - dollar figure | - | $NA |
| Military expenditures - percent of GDP | - | NA% |
| National holiday | National Day (Prince of Monaco Holiday), 19 November | Olaifest, 29 July |
| Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | NA | NA |
| Natural resources | none | fish, whales, hydropower |
| Net migration rate | 7.78 migrant(s)/1,000 population (2003 est.) | 2.39 migrant(s)/1,000 population (2002 est.) |
| Political parties and leaders | National and Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM [leader NA] | Center Party [Tordur NICALSEN]; Home Rule Party [Helena Dam a NEYSTABO]; Independence Party [leader NA]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN] |
| Political pressure groups and leaders | NA | NA |
| Population | 32,130 (July 2003 est.) | 46,011 (July 2002 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.44% (2003 est.) | 0.74% (2002 est.) |
| Ports and harbors | Monaco | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur |
| Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Radios | - | 26,000 (1997) |
| Railways | total: 1.7 km
standard gauge: 1.7 km 1.435-m gauge (2002) |
0 km |
| Religions | Roman Catholic 90% | Evangelical Lutheran |
| Sex ratio | at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.91 male(s)/female (2003 est.) |
at birth: 1 male(s)/female
under 15 years: 1.01 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1.06 male(s)/female (2002 est.) |
| Suffrage | 21 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: modern automatic telephone system
domestic: NA international: no satellite earth stations; connected by cable into the French communications system |
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: 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 | 31,027 (1995) | 24,851 (1999) |
| Telephones - mobile cellular | NA | 10,761 (1999) |
| Television broadcast stations | 5 (1998) | 3 (plus 43 low-power repeaters) (September 1995) |
| Terrain | hilly, rugged, rocky | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 1.76 children born/woman (2003 est.) | 2.27 children born/woman (2002 est.) |
| Unemployment rate | 3.1% (1998) | 1% (October 2000 ) |
| Waterways | none | none |
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