Faroe Islands Economic Indicators
Latest economic indicators and statistics for Faroe Islands.
| Indicator | Current Value | Previous Value | Frequency | Period |
|---|---|---|---|---|
| GDP | $3.91B | $3.57B | Yearly | 2023 |
| GDP Annual Growth Rate | 2.49% | 3.56% | Yearly | 2023 |
| GDP per Capita | $58,711.47 | $57,829.49 | Yearly | 2023 |
| GDP per Capita PPP | $70,428.96 | $69,370.95 | Yearly | 2023 |
| Real GDP | $3.2B | $3.12B | Yearly | 2023 |
| Unemployment Rate | 1% | 1% | Monthly | Aug'25 |
| Annual Exports | $761.74M | $852.09M | Yearly | 2009 |
| Annual Imports | $783.44M | $988.08M | Yearly | 2009 |
| Exports (% GDP) | 57.72% | 62.21% | Yearly | 2023 |
| Imports (% GDP) | 56.62% | 62.33% | Yearly | 2023 |
| Trade (% GDP) | 114.34% | 124.54% | Yearly | 2023 |
| Consumer Confidence | -17 points | -12 points | Quarterly | Q2 2025 |
| Industrial Confidence | -3 points | -3 points | Quarterly | Q2 2025 |
| Population | 54,719 | 54,439 | Yearly | 2024 |
| Agricultural Land (%) | 70.07% | 70.12% | Yearly | 2022 |
| Annual CO2 Emissions | 797,616 tonnes | 789,989 tonnes | Yearly | 2023 |
| Forest Area (%) | 0.06% | 0.06% | Yearly | 2022 |
| Life Expectancy | 83.14 | 82.94 | Yearly | 2023 |
| Electricity Access | 100% | 100% | Yearly | 2023 |
| Internet Users | 97.6% | 95.1% | Yearly | 2017 |