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Compare Monaco (2008) - Iceland (2004)
Compare Monaco (2008) z Iceland (2004)
| Monaco (2008) | Iceland (2004) | |
 |  | |
| 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 | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
| 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: 22.5% (male 33,522; female 32,489)
15-64 years: 65.8% (male 98,091; female 95,450) 65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.) |
| Agriculture - products | none | potatoes, green vegetables, mutton, dairy products, fish |
| Airports | - | 100 (2003 est.) |
| Airports - with paved runways | - | total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2004 est.) |
| Airports - with unpaved runways | - | total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.) |
| Area | total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
| Area - comparative | about three times the size of The Mall in Washington, DC | slightly smaller than Kentucky |
| 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. | Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards. |
| Birth rate | 9.12 births/1,000 population (2007 est.) | 13.83 births/1,000 population (2004 est.) |
| Budget | revenues: $863 million
expenditures: $920.6 million (2005 est.) |
revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
| 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 |
Reykjavik |
| Climate | Mediterranean with mild, wet winters and hot, dry summers | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
| Coastline | 4.1 km | 4,988 km |
| Constitution | 17 December 1962 | 16 June 1944, effective 17 June 1944 |
| 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: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
| Currency | - | Icelandic krona (ISK) |
| Death rate | 12.92 deaths/1,000 population (2007 est.) | 6.57 deaths/1,000 population (2004 est.) |
| Debt - external | $18 billion (2000 est.) | $2.6 billion (1999) |
| 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 | chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 562-9100 FAX: [354] 562-9118 |
| 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 |
chief of mission: Ambassador Helgi AGUSTSSON
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005-1704 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York |
| Disputes - international | none | Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 nm; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 nm |
| Economic aid - donor | - | NA |
| Economic aid - recipient | $NA | - |
| 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. | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 12% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and inflation dropped back from 5% to 2%. |
| Electricity - consumption | NA kWh | 7.341 billion kWh (2001) |
| Electricity - exports | - | 0 kWh (2001) |
| Electricity - imports | NA kWh; note - electricity supplied by France | 0 kWh (2001) |
| Electricity - production | - | 7.894 billion kWh (2001) |
| Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
| Environment - current issues | NA | water pollution from fertilizer runoff; inadequate wastewater treatment |
| 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 |
party to: Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands
signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation |
| Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
| Exchange rates | euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (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: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; election last held 26 June 2004 (next to be held June 2008); prime minister appointed by the president election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
| 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) |
0 bbl/day (2001) |
| Exports - commodities | - | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
| Exports - partners | - | Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 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 | blue with a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag) |
| GDP | - | purchasing power parity - $8.678 billion (2003 est.) |
| GDP - composition by sector | agriculture: 0%
industry: 4.9% services: 95.1% (2005) |
agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
| GDP - per capita | - | purchasing power parity - $30,900 (2003 est.) |
| GDP - real growth rate | 0.9% (2000 est.) | 2.6% (2003 est.) |
| Geographic coordinates | 43 44 N, 7 24 E | 65 00 N, 18 00 W |
| Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe |
| Heliports | 1 (2007) | - |
| Highways | - | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
| 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) |
15,470 bbl/day (2001) |
| Imports - commodities | - | machinery and equipment, petroleum products; foodstuffs, textiles |
| Imports - partners | - | Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003) |
| Independence | 1419 (beginning of rule by the House of Grimaldi) | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) |
| Industrial production growth rate | NA% | 8.1% (2003 est.) |
| Industries | tourism, construction, small-scale industrial and consumer products | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
| 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: 3.31 deaths/1,000 live births
male: 3.44 deaths/1,000 live births female: 3.17 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 1.9% (2000) | 2.1% (2003 est.) |
| 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 | Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO |
| Irrigated land | NA | NA sq km |
| Judicial branch | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) | Supreme Court or Haestirettur (justices are appointed for life by the Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice) |
| Labor force | 44,000
note: includes workers from all foreign countries (2005 est.) |
160,000 (2003) |
| Labor force - by occupation | - | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) |
| 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: 0.07%
permanent crops: 0% other: 99.93% (2001) |
| Languages | French (official), English, Italian, Monegasque | Icelandic, English, Nordic languages, German widely spoken |
| Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction |
| 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 Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%, Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 |
| Life expectancy at birth | total population: 79.82 years
male: 75.99 years female: 83.85 years (2007 est.) |
total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
| Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
| Map references | Europe | Arctic Region |
| Maritime claims | territorial sea: 12 nm
exclusive economic zone: 12 nm |
territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
| 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: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: petroleum tanker 1 registered in other countries: 26 (2004 est.) |
| Military - note | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
| Military branches | - | no regular armed forces; Police, Coast Guard |
| Military expenditures - dollar figure | - | 0 |
| Military manpower - availability | - | males age 15-49: 75,568 (2004 est.) |
| Military manpower - fit for military service | - | males age 15-49: 66,503 (2004 est.) |
| National holiday | National Day (Saint Rainier's Day), 19 November (1857) | Independence Day, 17 June (1944) |
| Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Icelander(s)
adjective: Icelandic |
| Natural hazards | NA | earthquakes and volcanic activity |
| Natural resources | none | fish, hydropower, geothermal power, diatomite |
| Net migration rate | 7.65 migrant(s)/1,000 population (2007 est.) | 2.38 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 | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ossur SKARPHEDINSSON] |
| Political pressure groups and leaders | NA | NA |
| Population | 32,671 (July 2007 est.) | 293,966 (July 2004 est.) |
| Population below poverty line | NA% | NA |
| Population growth rate | 0.386% (2007 est.) | 0.97% (2004 est.) |
| Ports and harbors | - | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar |
| Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
| Religions | Roman Catholic 90%, other 10% | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) |
| 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: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1 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: extensive domestic service
domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) |
| Telephones - main lines in use | 34,000 (2005) | 190,700 (2003) |
| Telephones - mobile cellular | 17,200 (2005) | 279,100 (2003) |
| Television broadcast stations | 5 (1998) | 14 (plus 156 low-power repeaters) (1997) |
| Terrain | hilly, rugged, rocky | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
| Total fertility rate | 1.75 children born/woman (2007 est.) | 1.93 children born/woman (2004 est.) |
| Unemployment rate | 0% (2005) | 3.4% (2003 est.) |
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