GDP
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Faroe Islands
FROEurope & Central AsiaHigh incomeCapital: TorshavnEconomy
Fiscal
People
Health
Education
Trade
Energy / Env
Tech
Governance
Equality
Infra
Labor
24/80 indicators · percentile vs world (IMF / WB / WHO)underover
Monthly & quarterly economy
All reviewed economic seriesEach measure keeps its own source, unit and reference period. Open its history for definitions, source evidence and, where the terms allow, downloads.
Inflation
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Production
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▶About Faroe Islands
Faroe Islands has a population of 54,900 (2025). Key indicators: life expectancy of 83.1 years (2024). Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
▶Economy22 indicators · 2011 to 2024 · WB
▶Fiscal & Monetary2 indicators · 2024 to 2025 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Official Exchange Rate (per USD) | 6.62 | 2025 | ▼ 4.0% | WB |
| PPP Conversion Factor | 6.23 | 2024 | ▼ 0.5% | WB |
▶Trade12 indicators · 2009 to 2025 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Trade (% of GDP) | 105.8% | 2024 | ▼ 7.6 pp | WB |
| Exports of Goods & Services (% of GDP) | 54.6% | 2024 | ▼ 2.6 pp | WB |
| Imports of Goods & Services (% of GDP) | 51.2% | 2024 | ▼ 4.9 pp | WB |
| Exports of Goods & Services (USD) | $2.21B | 2024 | ▼ 2.0% | WB |
| Imports of Goods & Services (USD) | $2.07B | 2024 | ▼ 6.3% | WB |
| Merchandise Exports (USD) | $2.06B | 2025 | ▲ 16.0% | WB |
| Merchandise Imports (USD) | $1.67B | 2025 | ▲ 11.4% | WB |
| Personal Remittances Received (USD) | $158.4M | 2011 | ▲ 8.2% | WB |
| Personal Remittances Received (% of GDP) | 6.3% | 2011 | 0.0 pp | WB |
| High-Tech Exports (% of manufactured) | 0.6% | 2009 | ▼ 4.2 pp | WB |
| Current Account Balance (% of GDP) | 7.8% | 2011 | ▲ 1.6 pp | WB |
| Current Account Balance (USD) | $194.3M | 2011 | ▲ 34.7% | WB |
▶People23 indicators · 2024 to 2025 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Population | 54,900 | 2025 | ▲ 0.5% | WB |
| Population Growth (%) | 0.5% | 2025 | 0.0 pp | WB |
| Population Density (per km²) | 40 | 2024 | ▲ 0.4% | WB |
| Surface Area (sq km) | 12,960 | 2024 | 0.0% | WB |
| Land Area (sq km) | 1,370 | 2024 | 0.0% | WB |
| Urban Population (%) | 39.6% | 2025 | ▲ 0.2 pp | WB |
| Urban Population (total) | 21,764 | 2025 | ▲ 1.1% | WB |
| Rural Population (%) | 60.4% | 2025 | ▼ 0.2 pp | WB |
| Life Expectancy at Birth | 83.1 years | 2024 | ▲ 0.2% | WB |
| Life Expectancy, Male | 81.3 years | 2024 | ▲ 0.2% | WB |
| Life Expectancy, Female | 84.9 years | 2024 | ▲ 0.1% | WB |
| Fertility Rate (births per woman) | 1.9 | 2024 | ▲ 2.4% | WB |
| Birth Rate (per 1,000) | 10.8 | 2024 | ▲ 1.9% | WB |
| Death Rate (per 1,000) | 8.2 | 2024 | ▲ 7.4% | WB |
| Net Migration | 386 | 2025 | ▼ 20.9% | WB |
| Population Ages 0–14 (%) | 19.9% | 2025 | ▼ 0.1 pp | WB |
| Population Ages 15–64 (%) | 62.3% | 2025 | ▲ 0.1 pp | WB |
| Population Ages 65+ (%) | 17.8% | 2025 | 0.0 pp | WB |
| Age Dependency Ratio (%) | 60.4% | 2025 | ▼ 0.1 pp | WB |
| Old-Age Dependency Ratio (%) | 28.5% | 2025 | 0.0 pp | WB |
| Youth Dependency Ratio (%) | 31.9% | 2025 | ▼ 0.2 pp | WB |
| Mortality Rate, Adult Male (per 1,000) | 63.5 | 2024 | ▲ 1.5% | WB |
| Mortality Rate, Adult Female (per 1,000) | 37 | 2024 | ▲ 2.3% | WB |
▶Labor1 indicator · 2013 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Labor Force Participation, Age 15+ (National Estimate, %) | 82.9% | 2013 | ▼ 0.4 pp | WB |
▶Energy & Environment13 indicators · 2015 to 2025 · WB / WHO
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| CO₂ Emissions per Capita, Excluding LULUCF (t CO2e) | 0 | 2024 | ▼ 0.4% | WB |
| CO₂ Emissions, Excluding LULUCF (Mt CO2e) | 0 | 2024 | 0.0% | WB |
| Renewable Electricity Output (%) | 38.1% | 2021 | ▼ 0.6 pp | WB |
| Renewable Energy Consumption (%) | 7.9% | 2022 | ▲ 2.8 pp | WB |
| Access to Electricity (%) | 100.0% | 2024 | 0.0 pp | WB |
| Forest Area (%) | 0.1% | 2024 | 0.0 pp | WB |
| Forest Area (sq km) | 1 | 2025 | 0.0% | WB |
| Arable Land (%) | 0.1% | 2024 | 0.0 pp | WB |
| Terrestrial and Marine Protected Areas (%) | 0.0% | 2025 | 0.0 pp | WB |
| Marine Protected Areas (%) | 0.0% | 2025 | 0.0 pp | WB |
| Access to Basic Drinking Water (%) | 100.0% | 2024 | 0.0 pp | WHO |
| Access to Basic Sanitation (%) | 90.9% | 2015 | 0.0 pp | WHO |
| Urban PM2.5 Concentration (WHO) | 6.2 | 2023 | – | WHO |
▶Agriculture6 indicators · 2024 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Agricultural Land (%) | 70.1% | 2024 | 0.0 pp | WB |
| Food Production Index (2014–2016=100) | 107.3 | 2024 | ▲ 1.5% | WB |
| Crop Production Index (2014–2016=100) | 98.9 | 2024 | ▲ 0.2% | WB |
| Livestock Production Index (2014–2016=100) | 107.9 | 2024 | ▲ 1.6% | WB |
| Total Fisheries Production (metric tonnes) | 677,691 | 2024 | ▼ 14.5% | WB |
| Fertilizer Consumption (kg per hectare) | 571.4 | 2024 | 0.0% | WB |
▶Technology9 indicators · 2003 to 2024 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Internet Users (%) | 97.6% | 2017 | ▲ 2.5 pp | WB |
| Mobile Subscriptions (per 100 people) | 106 | 2022 | ▼ 4.8% | WB |
| Fixed Broadband Subscriptions (per 100) | 34.6 | 2022 | 0.0% | WB |
| Secure Internet Servers (per million) | 11,420.2 | 2024 | ▲ 36.5% | WB |
| R&D Spending (% of GDP) | 0.85% | 2003 | – | WB |
| High-Technology Exports (USD) | $358,803 | 2009 | ▼ 94.4% | WB |
| ICT Service Exports (% of service exports) | 4.4% | 2011 | ▲ 0.1 pp | WB |
| ICT Service Exports (USD) | $9.1M | 2011 | ▲ 9.8% | WB |
| Researchers in R&D (per million) | 1,825 | 2003 | – | WB |
▶Infrastructure3 indicators · 2019 to 2021 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Container Port Traffic (TEU) | 31,214 | 2019 | ▼ 10.9% | WB |
| Electricity from Oil (%) | 61.9% | 2021 | ▲ 0.6 pp | WB |
| Electricity from Nuclear (%) | 0.0% | 2021 | 0.0 pp | WB |
▶Gender2 indicators · 2013 to 2024 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Female Labor Force Participation, 15+ (%) | 79.4% | 2013 | ▼ 2.9 pp | WB |
| Adolescent Fertility Rate (per 1,000) | 4.4 | 2024 | ▼ 5.8% | WB |
▶Urban Development2 indicators · 2025 · WB
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Urban Population Growth (%) | 1.1% | 2025 | ▲ 0.1 pp | WB |
| Rural Population Growth (%) | 0.1% | 2025 | 0.0 pp | WB |
▶About these figures
Each row shows the latest figure available for Faroe Islands up to this year, with the year it refers to. Publishers release on different schedules, so the years differ from row to row.
Change compares a reading with the one before it. Figures measured in percent, such as growth, inflation or a share of GDP, change by percentage points (pp). Amounts and counts, such as GDP or population, change by percent. When either reading is zero or negative, as a current account balance can be, or the figure is a governance score centred on zero, the change is shown in the figure's own unit. When the earlier reading is more than a year older, the year it is measured from is shown. A dash means there is no earlier reading.
