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Compare Monaco (2006) - Faroe Islands (2007)
Compare Monaco (2006) z Faroe Islands (2007)
| Monaco (2006) | Faroe Islands (2007) | |
 |  | |
| 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 34 municipalities |
| Age structure | 0-14 years: 15.2% (male 2,539/female 2,417)
15-64 years: 62.1% (male 9,959/female 10,266) 65 years and over: 22.6% (male 3,015/female 4,347) (2006 est.) |
0-14 years: 20.6% (male 4,882/female 4,904)
15-64 years: 65.3% (male 16,353/female 14,668) 65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.) |
| Agriculture - products | none | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | - | 1 (2007) |
| Airports - with paved runways | - | total: 1
914 to 1,523 m: 1 (2007) |
| 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 | The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. 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 | 9.19 births/1,000 population (2006 est.) | 14.12 births/1,000 population (2007 est.) |
| Budget | revenues: $719.2 million
expenditures: $864.1 million; including capital expenditures of $283.1 million (2004) |
revenues: $588 million
expenditures: $623 million (2005) |
| Capital | name: Monaco
geographic coordinates: 43 44 N, 7 25 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 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
| 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 |
| Death rate | 12.91 deaths/1,000 population (2006 est.) | 8.69 deaths/1,000 population (2007 est.) |
| Debt - external | $18 billion (2000 est.) | $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) under the authority of the US ambassador to 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 | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - recipient | $NA | $105 million; note - annual subsidy from Denmark (2005) |
| Economy - overview | Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended 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. | The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and 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 | NA kWh | 269.7 million kWh (2005) |
| Electricity - exports | - | 0 kWh (2005) |
| Electricity - imports | NA kWh; note - electricity supplied by France | 0 kWh (2005) |
| Electricity - production | - | 290 million kWh (2005) |
| 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 |
party to: Marine Dumping -associate member to the London Convention and Ship Pollution |
| Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | Scandinavian |
| Exchange rates | euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001) | Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002) |
| Executive branch | chief of state: Prince ALBERT II (since 6 April 2005)
head of government: Minister of State Jean-Paul PROUST (since 1 June 2005) 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 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 | $656.5 million $NA
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
NA bbl/day |
| Exports - commodities | - | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | - | Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) |
| 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 - composition by sector | agriculture: 17%
industry: NA% services: NA% |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - real growth rate | 0.9% (2000 est.) | 2.4% (2005 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 (2006) | - |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA%
highest 10%: NA% |
| Imports | $636.6 million $NA
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
NA bbl/day |
| Imports - commodities | - | consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) |
| Imports - partners | - | Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006) |
| 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, small ship repair and refurbishment, handicrafts |
| Infant mortality rate | total: 5.35 deaths/1,000 live births
male: 6.19 deaths/1,000 live births female: 4.46 deaths/1,000 live births (2006 est.) |
total: 6.01 deaths/1,000 live births
male: 7.25 deaths/1,000 live births female: 4.76 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 1.9% (2000) | 1.8% (2005) |
| International organization participation | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, IPU, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO | Arctic Council, IMO (associate), NC, NIB, UPU |
| Irrigated land | NA | 0 sq km |
| Judicial branch | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) | none |
| Labor force | 41,110
note: includes workers from all foreign countries (2004) |
24,250 (October 2000) |
| Labor force - by occupation | - | agriculture: 33%
industry: 33% services: 34% (October 2000) |
| 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) (2005) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2005) |
| Languages | French (official), English, Italian, Monegasque | Faroese (derived from Old Norse), Danish |
| Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | the laws of Denmark, where applicable, apply |
| 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 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 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%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, 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 in 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: 79.69 years
male: 75.85 years female: 83.74 years (2006 est.) |
total population: 79.49 years
male: 76.06 years female: 82.93 years (2007 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
definition: NA
total population: NA% male: NA% female: NA% note: probably 100%, the same as 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 | 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 | registered in other countries: 77 (Bahamas 17, Barbados 1, Bermuda 2, France 1, Georgia 13, Isle of Man 3, Liberia 10, Malta 1, Marshall Islands 8, Norway 4, Panama 9, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 4, Switzerland 2, unknown 1) (2006) | total: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT
by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1 foreign-owned: 8 (Iceland 4, Norway 4) (2007) |
| Military - note | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) | defense is the responsibility of Denmark |
| Military branches | - | no regular military forces |
| Military expenditures - percent of GDP | - | NA |
| National holiday | National Day (Prince of Monaco Holiday), 19 November | Olaifest (Olavasoka), 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, possible oil and gas |
| Net migration rate | 7.68 migrant(s)/1,000 population (2006 est.) | 0 migrant(s)/1,000 population (2007 est.) |
| Political parties and leaders | National and Democratic Union or UND [Guy MAGNAN]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM) | 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 | 32,543 (July 2006 est.) | 47,511 (July 2007 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.4% (2006 est.) | 0.543% (2007 est.) |
| Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Religions | Roman Catholic 90% | Evangelical Lutheran |
| Sex ratio | at birth: 1.05 male(s)/female
under 15 years: 1.05 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 (2006 est.) |
at birth: 1 male(s)/female
under 15 years: 0.996 male(s)/female 15-64 years: 1.115 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1.045 male(s)/female (2007 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: modern automatic telephone system
domestic: NA international: country code - 377; 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: 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 | 33,700 (2002) | 23,000 (2006) |
| Telephones - mobile cellular | 19,300 (2002) | 50,000 (2006) |
| Television broadcast stations | 5 (1998) | 3 (plus 43 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 (2006 est.) | 2.15 children born/woman (2007 est.) |
| Unemployment rate | 22% (1999) | 2.1% (2006) |
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