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Compare Monaco (2008) - Faroe Islands (2004)

Compare Monaco (2008) z Faroe Islands (2004)

 Monaco (2008)Faroe Islands (2004)
 MonacoFaroe Islands
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% (male 2,514/female 2,394)


15-64 years: 62.3% (male 10,047/female 10,312)


65 years and over: 22.7% (male 3,019/female 4,385) (2007 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 none milk, potatoes, vegetables; sheep; salmon, other fish
Airports - 1 (2003 est.)
Airports - with paved runways - total: 1


914 to 1,523 m: 1 (2004 est.)
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 9.12 births/1,000 population (2007 est.) 13.89 births/1,000 population (2004 est.)
Budget revenues: $863 million


expenditures: $920.6 million (2005 est.)
revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
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
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 - Danish krone (DKK)
Death rate 12.92 deaths/1,000 population (2007 est.) 8.68 deaths/1,000 population (2004 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 Ambassador to France is accredited to Monaco; the US Consul General in Marseille (France), under the authority of the US ambassador to France, handles routine diplomatic and consular matters concerning Monaco none (self-governing overseas administrative division of Denmark)
Diplomatic representation in the US chief of mission: Ambassador to the US and UN Gilles NOGHES


chancery: 565 Fifth Avenue, 3rd floor, New York, NY 10017


telephone: (212) 286-0500


FAX: (212) 286-1574
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 the Faroe Islands claim extending its continental shelf boundary beyond 200 nm
Economic aid - recipient $NA $135 million (annual subsidy from Denmark) (1998)
Economy - overview Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a major banking center and 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 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 - 0 kWh (2001)
Electricity - imports NA kWh; note - electricity supplied by France 0 kWh (2001)
Electricity - production - 160.4 million kWh (2001)
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-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling


signed, but not ratified: none of the selected agreements
-
Ethnic groups French 47%, Monegasque 16%, Italian 16%, other 21% Scandinavian
Exchange rates euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) 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 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%


note: coalition of Social Democrats, Union Party, and People's Party
Exports $716.3 million


note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005)
NA (2001)
Exports - commodities - fish and fish products 94%, stamps, ships (1999)
Exports - partners - 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 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 - $1 billion (2001 est.)
GDP - composition by sector agriculture: 0%


industry: 4.9%


services: 95.1% (2005)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita - purchasing power parity - $22,000 (2001 est.)
GDP - real growth rate 0.9% (2000 est.) 10% (2001 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 (2007) -
Highways - 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 $916.1 million


note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005)
NA (2001)
Imports - commodities - machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners - Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003)
Independence 1419 (beginning of 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: 5.27 deaths/1,000 live births


male: 6.09 deaths/1,000 live births


female: 4.4 deaths/1,000 live births (2007 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) 1.9% (2000) 5.1% (1999)
International organization participation ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, IMSO, Interpol, IOC, IPU, ITSO, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WHO, WIPO, WMO IMO (associate), NC, NIB, UPU
Irrigated land NA 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 44,000


note: includes workers from all foreign countries (2005 est.)
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) (2005)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
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 3 February 2008 (next to be held February 2013)


election results: percent of vote by party - UPM 52.2%, REM 40.5%, Monaco Together 7.3%; seats by party - UPM 21, REM 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 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: 79.82 years


male: 75.99 years


female: 83.85 years (2007 est.)
total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 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 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


exclusive economic zone: 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: 64 (Bahamas 11, Barbados 1, Georgia 10, Isle of Man 3, Liberia 8, Malta 1, Marshall Islands 7, Norway 5, Panama 11, St Kitts and Nevis 1, St Vincent and The Grenadines 6, unknown 1) (2007) 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 France; the Palace Guard performs ceremonial duties (2003) 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 National Day (Saint Rainier's Day), 19 November (1857) 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, possible oil and gas
Net migration rate 7.65 migrant(s)/1,000 population (2007 est.) 1.41 migrant(s)/1,000 population (2004 est.)
Political parties and leaders Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM); Rally and Issues for Monaco or REM; Monaco Together 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 32,671 (July 2007 est.) 46,662 (July 2004 est.)
Population below poverty line NA% NA
Population growth rate 0.386% (2007 est.) 0.66% (2004 est.)
Ports and harbors - Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations AM 1, FM NA, shortwave 8 (1998) AM 1, FM 13, shortwave 0 (1998)
Religions Roman Catholic 90%, other 10% Evangelical Lutheran
Sex ratio at birth: 1.06 male(s)/female


under 15 years: 1.05 male(s)/female


15-64 years: 0.974 male(s)/female


65 years and over: 0.688 male(s)/female


total population: 0.912 male(s)/female (2007 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 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 34,000 (2005) 23,000 (2002)
Telephones - mobile cellular 17,200 (2005) 30,700 (2002)
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 1.75 children born/woman (2007 est.) 2.22 children born/woman (2004 est.)
Unemployment rate 0% (2005) 1% (October 2000)
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