Part 74
$11.17 trillion (31 December 2008 est.) country comparison to the world: 4 $10.83 trillion (31 December 2007 est.)
note: this is the quantity of quasi money, M2-M1, for the euro area, converted into US dollars at the exchange rate for the date indicated; it excludes the stock of quasi money carried by non-euro-area members of the European Union
Stock of domestic credit:
$22.65 trillion (31 December 2009 est.) country comparison to the world: 2 $21.24 trillion (31 December 2008 est.)
note: this figure refers to the euro area only; it excludes credit data for non-euro-area members of the EU
Market value of publicly traded shares:
$NA (31 December 2009 est.) country comparison to the world: 2 $7.564 trillion (31 December 2008)
$15.57 trillion (31 December 2007 est.)
Agriculture - products:
wheat, barley, oilseeds, sugar beets, wine, grapes; dairy products, cattle, sheep, pigs, poultry; fish
Industries:
among the world's largest and most technologically advanced, the EU industrial base includes: ferrous and non-ferrous metal production and processing, metal products, petroleum, coal, cement, chemicals, pharmaceuticals, aerospace, rail transportation equipment, passenger and commercial vehicles, construction equipment, industrial equipment, shipbuilding, electrical power equipment, machine tools and automated manufacturing systems, electronics and telecommunications equipment, fishing, food and beverage processing, furniture, paper, textiles, tourism
Industrial production growth rate:
3.8% (2010 est.) country comparison to the world: 90
Electricity - production:
3.08 trillion kWh (2007 est.) country comparison to the world: 3
Electricity - consumption:
2.906 trillion kWh (2007 est.) country comparison to the world: 3
Electricity - exports:
NA kWh
Electricity - imports:
NA kWh
Oil - production:
2.383 million bbl/day (2009 est.) country comparison to the world: 13
Oil - consumption:
13.68 million bbl/day (2009 est.) country comparison to the world: 2
Oil - exports:
2.196 million bbl/day (2008 est.) country comparison to the world: 7
Oil - imports:
8.613 million bbl/day (2008 est.) country comparison to the world: 2
Oil - proved reserves:
5.414 billion bbl (1 January 2010 est.) country comparison to the world: 25
Natural gas - production:
181.6 billion cu m (2009 est.) country comparison to the world: 4
Natural gas - consumption:
489.4 billion cu m (2009 est.) country comparison to the world: 2
Natural gas - exports:
NA cu m
Natural gas - imports:
NA cu m
Natural gas - proved reserves:
2.242 trillion cu m (1 January 2010 est.) country comparison to the world: 18
Current account balance:
$NA (2009)
$51.4 billion (2009 est.)
Exports:
$1.952 trillion (2007) country comparison to the world: 1 $1.33 trillion (2005)
note: external exports, excluding intra-EU trade
Exports - commodities:
machinery, motor vehicles, aircraft, plastics, pharmaceuticals and other chemicals, fuels, iron and steel, nonferrous metals, wood pulp and paper products, textiles, meat, dairy products, fish, alcoholic beverages.
Imports:
$1.69 trillion (2007) country comparison to the world: 2 $1.466 trillion (2005)
note: external imports, excluding intra-EU trade
Imports - commodities:
machinery, vehicles, aircraft, plastics, crude oil, chemicals, textiles, metals, foodstuffs, clothing
Reserves of foreign exchange and gold:
$NA
Debt - external:
country comparison to the world: 2 $13.72 trillion (30 June 2010); This is the external debt for the euro area only; it excludes the external debt of the non-euro-area members of the EU
Stock of direct foreign investment - at home:
$NA
Exchange rates:
euros per US dollar - 0.7715 (2010), 0.7338 (2009), 0.6827 (2008), 0.7345 (2007), 0.7964 (2006)
Communications ::European Union
Telephones - main lines in use:
238 million (2005)
Telephones - mobile cellular:
466 million (2005)
Telephone system:
note - see individual country entries of member states
Internet country code:
.eu; note - see country entries of member states for individual country codes
Internet hosts:
140,277; note - this sum reflects the number of internet hosts assigned the .eu internet country code (2010)
Internet users:
247 million (2006)
Transportation ::European Union
Airports:
3,383 (2010)
Airports - with paved runways:
total: 1,992
over 3,047 m: 116
2,438 to 3,047 m: 340
1,524 to 2,437 m: 546
914 to 1,523 m: 422
under 914 m: 568 (2010)
Airports - with unpaved runways:
total: 1,391
over 3,047 m: 2
2,438 to 3,047 m: 1
1,524 to 2,437 m: 22
914 to 1,523 m: 254
under 914 m: 1,112 (2010)
Heliports:
99 (2010)
Railways:
total: 229,450 km (2008)
Roadways:
total: 5,919,704 km (2008)
Waterways:
52,332 km (2006)
Ports and terminals:
Antwerp (Belgium), Barcelona (Spain), Braila (Romania), Bremen (Germany), Burgas (Bulgaria), Constanta (Romania), Copenhagen (Denmark), Galati (Romania), Gdansk (Poland), Hamburg (Germany), Helsinki (Finland), Las Palmas (Canary Islands, Spain), Le Havre (France), Lisbon (Portugal), London (UK), Marseille (France), Naples (Italy), Peiraiefs or Piraeus (Greece), Riga (Latvia), Rotterdam (Netherlands), Stockholm (Sweden), Talinn (Estonia), Tulcea (Romania), Varna (Bulgaria)
Military ::European Union
Military - note:
the five-nation Eurocorps - created in 1992 by France, Germany, Belgium, Spain, and Luxembourg - has deployed troops and police on peacekeeping missions to Bosnia-Herzegovina, Macedonia, and the Democratic Republic of the Congo and assumed command of the ISAF in Afghanistan in August 2004; Eurocorps directly commands the 5,000-man Franco-German Brigade, the Multinational Command Support Brigade, and EUFOR in Bosnia and Herzegovina; in November 2004, the EU Council of Ministers formally committed to creating 13 1,500-man battle groups by the end of 2007, to respond to international crises on a rotating basis; 22 of the EU's 27 nations have agreed to supply troops; France, Italy, and the UK formed the first of three battle groups in 2005; Norway, Sweden, Estonia, and Finland established the Nordic Battle Group effective 1 January 2008; nine other groups are to be formed; a rapid-reaction naval EU Maritime Task Group was stood up in March 2007 (2007)
Transnational Issues ::European Union
Disputes - international:
as a political union, the EU has no border disputes with neighboring countries, but Estonia has no land boundary agreements with Russia, Slovenia disputes its land and maritime boundaries with Croatia, and Spain has territorial and maritime disputes with Morocco and with the UK over Gibraltar; the EU has set up a Schengen area - consisting of 22 EU member states that have signed the convention implementing the Schengen agreements or "acquis" (1985 and 1990) on the free movement of persons and the harmonization of border controls in Europe; these agreements became incorporated into EU law with the implementation of the 1997 Treaty of Amsterdam on 1 May 1999; in addition, non-EU states Iceland and Norway (as part of the Nordic Union) have been included in the Schengen area since 1996 (full members in 2001), and Switzerland since 2008 bringing the total current membership to 25; the UK (since 2000) and Ireland (since 2002) take part in only some aspects of the Schengen area, especially with respect to police and criminal matters; nine of the 12 new member states that joined the EU since 2004 joined Schengen on 21 December 2007; of the three remaining EU states, Cyprus is expected to join by 2009, while Romania and Bulgaria continue to enhance their border security systems
page last updated on January 20, 2011
======================================================================
@Falkland Islands (Islas Malvinas) (South America)
Introduction ::Falkland Islands (Islas Malvinas)
Background:
Although first sighted by an English navigator in 1592, the first landing (English) did not occur until almost a century later in 1690, and the first settlement (French) was not established until 1764. The colony was turned over to Spain two years later and the islands have since been the subject of a territorial dispute, first between Britain and Spain, then between Britain and Argentina. The UK asserted its claim to the islands by establishing a naval garrison there in 1833. Argentina invaded the islands on 2 April 1982. The British responded with an expeditionary force that landed seven weeks later and after fierce fighting forced an Argentine surrender on 14 June 1982.
Geography ::Falkland Islands (Islas Malvinas)
Location:
Southern South America, islands in the South Atlantic Ocean, east of southern Argentina
Geographic coordinates:
51 45 S, 59 00 W
Map references:
South America
Area:
total: 12,173 sq km country comparison to the world: 164 land: 12,173 sq km
water: 0 sq km
note: includes the two main islands of East and West Falkland and about 200 small islands
Area - comparative:
slightly smaller than Connecticut
Land boundaries:
0 km
Coastline:
1,288 km
Maritime claims:
territorial sea: 12 nm
continental shelf: 200 nm
exclusive fishing zone: 200 nm
Climate:
cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; average annual rainfall is 24 inches in Stanley; occasional snow all year, except in January and February, but typically does not accumulate
Terrain:
rocky, hilly, mountainous with some boggy, undulating plains
Elevation extremes:
lowest point: Atlantic Ocean 0 m
highest point: Mount Usborne 705 m
Natural resources:
fish, squid, wildlife, calcified seaweed, sphagnum moss
Land use:
arable land: 0%
permanent crops: 0%
other: 100% (99% permanent pastures, 1% other) (2005)
Irrigated land:
NA
Natural hazards:
strong winds persist throughout the year
Environment - current issues:
overfishing by unlicensed vessels is a problem; reindeer were introduced to the islands in 2001 for commercial reasons; this is the only commercial reindeer herd in the world unaffected by the 1986 Chornobyl disaster
Geography - note:
deeply indented coast provides good natural harbors; short growing season
People ::Falkland Islands (Islas Malvinas)
Population:
3,140 (July 2008 est.) country comparison to the world: 230
Age structure:
0-14 years: NA
15-64 years: NA
65 years and over: NA
Population growth rate:
0.011% (2009 est.) country comparison to the world: 193
Birth rate:
NA
Death rate:
NA
Net migration rate:
NA
Urbanization:
urban population: 92% of total population (2008)
rate of urbanization: 1.2% annual rate of change (2005-10 est.)
Infant mortality rate:
total: NA
male: NA
female: NA
Life expectancy at birth:
total population: NA
male: NA
female: NA
Total fertility rate:
NA
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: Falkland Islander(s)
adjective: Falkland Island
Ethnic groups:
British
Religions:
Christian 67.2%, none 31.5%, other 1.3% (2006 census)
Languages:
English
Literacy:
NA
Government ::Falkland Islands (Islas Malvinas)
Country name:
conventional long form: none
conventional short form: Falkland Islands (Islas Malvinas)
Dependency status:
overseas territory of the UK; also claimed by Argentina
Government type:
NA
Capital:
name: Stanley
geographic coordinates: 51 42 S, 57 51 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins first Sunday in September; ends third Sunday in April
Administrative divisions:
none (overseas territory of the UK; also claimed by Argentina)
Independence:
none (overseas territory of the UK; also claimed by Argentina)
National holiday:
Liberation Day, 14 June (1982)
Constitution:
1 January 2009
Legal system:
English common law
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (since 6 February 1952)
head of government: Governor Nigel HAYWOOD (since 16 October 2010) is the Queen's representative; Chief Executive Dr. Tim THOROGOOD (since 3 January 2008)
cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor; the governor must obey the rulings of the Executive Council on domestic affairs (For more information visit the World Leaders website ) elections: the monarchy is hereditary; governor appointed by the monarch
Legislative branch:
unicameral Legislative Assembly (10 seats; 2 members are ex officio and 8 are elected by popular vote; members to serve four-year terms); presided over by the governor
elections: last held on 5 November 2009 (next to be held in November 2013)
election results: percent of vote - NA; seats - independents 8
Judicial branch:
Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions); Court of Summary Jurisdiction
Political parties and leaders:
none; all independents
Political pressure groups and leaders:
Falkland Islands Association (supports freedom of the people from external causes)
International organization participation:
UPU
Diplomatic representation in the US:
none (overseas territory of the UK; also claimed by Argentina)
Diplomatic representation from the US:
none (overseas territory of the UK; also claimed by Argentina)
Flag description:
blue with the flag of the UK in the upper hoist-side quadrant and the Falkland Island coat of arms centered on the outer half of the flag; the coat of arms contains a white ram (sheep raising was once the major economic activity) above the sailing ship Desire (whose crew discovered the islands) with a scroll at the bottom bearing the motto DESIRE THE RIGHT
National anthem:
name: "Song of the Falklands""
lyrics/music: Christopher LANHAM
note: adopted 1930s; the song is the local unofficial anthem; as a territory of the United Kingdom, "God Save the Queen" is official (see United Kingdom)
Economy ::Falkland Islands (Islas Malvinas)
Economy - overview:
The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987, the government began selling fishing licenses to foreign trawlers operating within the Falkland Islands' exclusive fishing zone. These license fees total more than $40 million per year, which help support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Foreign exchange earnings come from shipments of high-grade wool to the UK and the sale of postage stamps and coins. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date, no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. Political tensions between the UK and Argentina rose in early 2010 after a UK company began oil drilling activities in the waters around the Falkland Islands but abated somewhat when the drilling operation failed to discover commercially exploitable oil reserves. Tourism, especially eco-tourism, is increasing rapidly, with about 30,000 visitors in 2001. Another large source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost.
GDP (purchasing power parity):
$105.1 million (2002 est.) country comparison to the world: 220
GDP (official exchange rate):
$105.1 million (2002 est.)
GDP - real growth rate:
NA%
GDP - per capita (PPP):
$35,400 (2002 est.) country comparison to the world: 33
GDP - composition by sector:
agriculture: 95%
industry: NA%
services: NA% (1996)
Labor force:
1,724 (1996) (1996) country comparison to the world: 224
Labor force - by occupation:
agriculture: 95% (mostly sheepherding and fishing)
industry and services: 5% (1996)
Unemployment rate:
NA%
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
3.6% (1998) country comparison to the world: 105
Agriculture - products:
fodder and vegetable crops; sheep, dairy products; fish, squid
Industries:
fish and wool processing; tourism
Industrial production growth rate:
NA%
Electricity - production:
16 million kWh (2007 est.) country comparison to the world: 207
Electricity - consumption:
14.88 million kWh (2007 est.) country comparison to the world: 208
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2009 est.) country comparison to the world: 176
Oil - consumption:
0 bbl/day (2009 est.) country comparison to the world: 205
Oil - exports:
0 bbl/day (2007 est.) country comparison to the world: 196
Oil - imports:
271 bbl/day (2007 est.) country comparison to the world: 198
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 181
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 197
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 186
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 181
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 181
Natural gas - proved reserves:
0 cu m (1 January 2010 est.) country comparison to the world: 181
Exports:
$125 million (2004 est.) country comparison to the world: 187
Exports - commodities:
wool, hides, meat, fish, squid
Imports:
$90 million (2004 est.) country comparison to the world: 210
Imports - commodities:
fuel, food and drink, building materials, clothing
Debt - external:
$NA
Exchange rates:
Falkland pounds (FKP) per US dollar - 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004)
note: the Falkland pound is at par with the British pound
Communications ::Falkland Islands (Islas Malvinas)
Telephones - main lines in use:
2,000 (2009) country comparison to the world: 223
Telephones - mobile cellular:
3,300 (2009) country comparison to the world: 212
Telephone system:
general assessment: NA
domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands
international: country code - 500; satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries
Broadcast media:
television service provided by a multi-channel service provider; radio services provided by the public broadcaster Falkland Islands Radio Service (FIRS), broadcasting on both AM and FM frequencies, and by the British Forces Broadcasting Service (BFBS) (2007)
Internet country code:
.fk
Internet hosts:
91 (2010) country comparison to the world: 203
Internet users:
2,900 (2009) country comparison to the world: 208
Transportation ::Falkland Islands (Islas Malvinas)
Airports:
7 (2010) country comparison to the world: 167
Airports - with paved runways:
total: 2
2,438 to 3,047 m: 1
914 to 1,523 m: 1 (2010)
Airports - with unpaved runways:
total: 5
under 914 m: 5 (2010)
Roadways:
total: 440 km country comparison to the world: 197 paved: 50 km
unpaved: 390 km (2008)
Ports and terminals:
Stanley
Military ::Falkland Islands (Islas Malvinas)
Military branches:
no regular military forces
Military expenditures:
NA
Military - note:
defense is the responsibility of the UK
Transnational Issues ::Falkland Islands (Islas Malvinas)
Disputes - international:
Argentina, which claims the islands in its constitution and briefly occupied them by force in 1982, agreed in 1995 to no longer seek settlement by force; UK continues to reject Argentine requests for sovereignty talks
page last updated on January 10, 2011
======================================================================
@Faroe Islands (Europe)
Introduction ::Faroe Islands
Background:
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 granted the Faroese in 1948, who have autonomy over most internal affairs while Denmark is responsible for justice, defense, and foreign affairs. The Faroe Islands are not part of the European Union.
Geography ::Faroe Islands
Location:
Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about half way between Iceland and Norway
Geographic coordinates:
62 00 N, 7 00 W
Map references:
Europe
Area:
total: 1,393 sq km country comparison to the world: 182 land: 1,393 sq km
water: 0 sq km (some lakes and streams)
Area - comparative:
eight times the size of Washington, DC
Land boundaries:
0 km
Coastline:
1,117 km
Maritime claims:
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
Climate:
mild winters, cool summers; usually overcast; foggy, windy
Terrain:
rugged, rocky, some low peaks; cliffs along most of coast
Elevation extremes:
lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m
Natural resources:
fish, whales, hydropower, possible oil and gas
Land use:
arable land: 2.14%
permanent crops: 0%
other: 97.86% (2005)
Irrigated land:
0 sq km
Natural hazards:
NA
Environment - current issues:
NA
Environment - international agreements:
party to: Marine Dumping - associate member to the London Convention and Ship Pollution
Geography - note:
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
People ::Faroe Islands
Population:
49,057 (July 2010 est.) country comparison to the world: 208
Age structure:
0-14 years: 21.6% (male 5,451/female 5,108)
15-64 years: 64% (male 16,708/female 14,544)
65 years and over: 14.4% (male 3,324/female 3,721) (2010 est.)
Median age:
total: 37.1 years
male: 36.5 years
female: 37.9 years (2010 est.)
Population growth rate:
0.424% (2010 est.) country comparison to the world: 158
Birth rate:
12.9 births/1,000 population (2010 est.) country comparison to the world: 156
Death rate:
8.66 deaths/1,000 population (July 2010 est.) country comparison to the world: 81
Net migration rate:
0 migrant(s)/1,000 population (2010 est.) country comparison to the world: 87
Urbanization:
urban population: 41% of total population (2008)
rate of urbanization: 2% annual rate of change (2005-10 est.)
Sex ratio:
at birth: 1.069 male(s)/female
under 15 years: 1.07 male(s)/female
15-64 years: 1.15 male(s)/female
65 years and over: 0.9 male(s)/female
total population: 1.09 male(s)/female (2010 est.)
Infant mortality rate:
total: 6.18 deaths/1,000 live births country comparison to the world: 176 male: 6.43 deaths/1,000 live births
female: 5.91 deaths/1,000 live births (2010 est.)
Life expectancy at birth:
total population: 79.58 years country comparison to the world: 33 male: 77.13 years
female: 82.21 years (2010 est.)
Total fertility rate:
2.43 children born/woman (2010 est.) country comparison to the world: 97
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: Faroese (singular and plural)
adjective: Faroese
Ethnic groups:
Scandinavian
Religions: