Faroe Islands

Europe & Central Asia · High income · Capital: Torshavn

$74,120GDP per capita · 2024

Economic events

Crises and shocks, also marked on the chart above.

Demographics

Life expectancy

83.1 · 2024

World Bank · CC BY 4.0

Population

54.7K · 2024

World Bank · CC BY 4.0

Population growth

0.5% · 2024

World Bank · CC BY 4.0

Urban population

39.4% · 2024

World Bank · CC BY 4.0

Environment

CO₂ per capita

0 · 2024

World Bank · CC BY 4.0

External

Current account balance

7.8% · 2011

World Bank · CC BY 4.0

Current account balance (IMF)

No data

IMF · IMF terms

Government

Central government debt

No data

World Bank · CC BY 4.0

Government gross debt

No data

IMF · IMF terms

Labour

Unemployment

No data

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Unemployment rate (IMF)

No data

IMF · IMF terms

Output & growth

GDP

$4.1B · 2024

World Bank · CC BY 4.0

GDP (IMF)

No data

IMF · IMF terms

GDP (PPP)

No data

IMF · IMF terms

GDP growth

0.8% · 2024

World Bank · CC BY 4.0

GDP per capita

$74,120 · 2024

World Bank · CC BY 4.0

GDP per capita (IMF)

No data

IMF · IMF terms

GNI per capita

$73,070 · 2024

World Bank · CC BY 4.0

Real GDP growth

No data

IMF · IMF terms

Prices

Inflation (CPI)

No data

World Bank · CC BY 4.0

Inflation (avg CPI)

No data

IMF · IMF terms

Society

Income inequality (Gini)

No data

World Bank · CC BY 4.0

Internet users

97.6% · 2017

World Bank · CC BY 4.0

Trade

Exports

54.6% · 2024

World Bank · CC BY 4.0

Imports

51.2% · 2024

World Bank · CC BY 4.0

Trade

105.8% · 2024

World Bank · CC BY 4.0