Economy

Faroe Islands

Advertise on Databook — contact us
GDP per capita19652024
1.59K19.7K37.9K56K74.1K19652024
Source: World Bank WDI
IndicatorValue
GDP (nominal)4,050,000,000 US$World Bank WDI [2024]
GDP (PPP)4,480,000,000 US$World Bank WDI [2024]
GDP growth0.844 %World Bank WDI [2024]
GDP per capita74,100 US$World Bank WDI [2024]
Inflation (CPI)No authoritative open source found
UnemploymentNo authoritative open source found
Exports of goods & services2,210,000,000 US$World Bank WDI [2024]
Imports of goods & services2,070,000,000 US$World Bank WDI [2024]
Agriculture (% GDP)16.1 %World Bank WDI [2024]
Industry (% GDP)18.3 %World Bank WDI [2024]
Services (% GDP)53.8 %World Bank WDI [2024]
Industriesfishing, fish processing, tourism, small ship repair and refurbishment, handicraftsCIA World Factbook [2025] · 2026 archive
Agricultural productsmilk, potatoes, lamb/mutton, sheepskins, sheep offal, beef, sheep fat, beef offal, cattle hides, beef suet (2023); note: top ten agricultural products based on tonnageCIA World Factbook [2025] · 2026 archive
Export commoditiesfish and fish products (2021)CIA World Factbook [2025] · 2026 archive
Export partnersRussia 26.4%, UK 14.1%, Germany 8.4%, China 7.9%, Spain 6.8%, Denmark 6.2%, US 4.7%, Poland 4.4%, Norway 4.1% (2017)CIA World Factbook [2025] · 2026 archive
Import partnersDenmark 33%, China 10.7%, Germany 7.6%, Poland 6.8%, Norway 6.7%, Ireland 5%, Chile 4.3% (2017)CIA World Factbook [2025] · 2026 archive
Gini indexNo authoritative open source found
GDP per capita (1913)No authoritative open source found
Leading mineral commoditysalt (22,471 tonnes (metric), 2000)BGS World Mineral Statistics [2023]
Wealth share of top 10%No authoritative open source found
Wealth share of top 1%No authoritative open source found
Gini (WID)No authoritative open source found
Top export partnersNo authoritative open source found
Top import partnersNo authoritative open source found
Top agricultural productsRaw milk of cattle / Milk, Total / Potatoes / Roots and Tubers, Total / Meat, TotalFAOSTAT [2024]
Bank assets (% of GDP)No authoritative open source found
Private credit (% of GDP)No authoritative open source found
Stock market capitalization (% of GDP)No authoritative open source found
Financial account ownershipNo authoritative open source found
Mobile-money accountNo authoritative open source found
Borrowed from a bankNo authoritative open source found
Poverty headcount ($2.15/day)No authoritative open source found
Poverty headcount ($6.85/day)No authoritative open source found

Section metadata

Data year2025
EditionDatabook 2026
Coverage16/33
LicenseCC-BY
Advertise on Databook — contact us
Datasets on this page
  • World Bank WDI
    world_bank_wdi
    Edition: 2024
  • CIA World Factbook
    cia_factbook
    Edition: 2025
  • BGS World Mineral Statistics
    bgs_world_minerals
    Edition: 2023
  • FAOSTAT
    faostat
    Edition: 2026
Advertise on Databook — contact us

About this data

Faroe Islands's economy on Databook compiles 16 indicators from 4 open datasets including World Bank WDI, CIA World Factbook, BGS World Mineral Statistics. Key figures include gdp (nominal) (4,050,000,000 US$), gdp (ppp) (4,480,000,000 US$). Data is referenced to 2025. Every value carries its source and publication year, published under open licenses.