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Faroe Islands

📍 Europe & Central Asia💼 High income📊 393 indicators available

Faroe Islands has a population of 54.7K (2024), GDP per capita of 74,120 (2024), life expectancy of 83.14 years (2023). Data from World Bank. Browse 393+ indicators on NationStat.

Faroe Islands: Overview

Faroe Islands has a nominal GDP of $4.05B (2024), a GDP per capita of 74,120, the economy grew by 0.8% in 2024. The World Bank classifies Faroe Islands as a High income economy.

With a population of 54.7K (2024), life expectancy stands at 83.1 years. Faroe Islands is located in the Europe & Central Asia region.

NationStat tracks 393 indicators for Faroe Islands, covering economic output, trade, health, education, environment, and infrastructure. All data is sourced from the World Bank Open Data and updated regularly.

Frequently Asked Questions

What is the gdp (current us$) of Faroe Islands?

The gdp (current us$) of Faroe Islands is $4.05B (as of 2024). Source: World Bank Open Data.

What is the gdp per capita (current us$) of Faroe Islands?

The gdp per capita (current us$) of Faroe Islands is 74,120 (as of 2024). Source: World Bank Open Data.

What is the life expectancy at birth, total (years) of Faroe Islands?

The life expectancy at birth, total (years) of Faroe Islands is 83.14 (as of 2023). Source: World Bank Open Data.

What is the population, total of Faroe Islands?

The population, total of Faroe Islands is 54.7K (as of 2024). Source: World Bank Open Data.

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Agriculture & Rural Development (25)

Fertilizer consumption (kilograms per hectare of arable land)

Agricultural land (sq. km)

Agricultural land (% of land area)

Arable land (hectares)

Arable land (hectares per person)

Arable land (% of land area)

Rural land area where elevation is below 5 meters (sq. km)

Rural land area where elevation is below 5 meters (% of total land area)

Forest area (sq. km)

Forest area (% of land area)

Land area (sq. km)

Rural land area (sq. km)

Crop production index (2014-2016 = 100)

Food production index (2014-2016 = 100)

Livestock production index (2014-2016 = 100)

Surface area (sq. km)

Access to electricity, rural (% of rural population)

Rural population living in areas where elevation is below 5 meters (% of total population)

Agriculture, forestry, and fishing, value added (current US$)

Agriculture, forestry, and fishing, value added (% of GDP)

Rural population

Rural population growth (annual %)

Rural population (% of total population)

Agricultural raw materials imports (% of merchandise imports)

Agricultural raw materials exports (% of merchandise exports)

Climate Change(13)

Urban land area where elevation is below 5 meters (sq. km)

Urban land area where elevation is below 5 meters (% of total land area)

Land area where elevation is below 5 meters (% of total land area)

Urban population living in areas where elevation is below 5 meters (% of total population)

Population living in areas where elevation is below 5 meters (% of total population)

Terrestrial protected areas (% of total land area)

Marine protected areas (% of territorial waters)

Terrestrial and marine protected areas (% of total territorial area)

Population growth (annual %)

Population, total

Urban population growth (annual %)

Urban population

Urban population (% of total population)

Economy & Growth(141)

Trade in services (% of GDP)

Communications, computer, etc. (% of service imports, BoP)

Primary income payments (BoP, current US$)

Imports of goods and services (BoP, current US$)

Insurance and financial services (% of service imports, BoP)

Goods imports (BoP, current US$)

Service imports (BoP, current US$)

Charges for the use of intellectual property, payments (BoP, current US$)

Imports of goods, services and primary income (BoP, current US$)

Transport services (% of service imports, BoP)

Travel services (% of service imports, BoP)

Secondary income, other sectors, payments (BoP, current US$)

Personal remittances, paid (current US$)

Current account balance (BoP, current US$)

Current account balance (% of GDP)

Net primary income (BoP, current US$)

Net trade in goods and services (BoP, current US$)

-130,430,0952011

Net trade in goods (BoP, current US$)

Net secondary income (BoP, current US$)

ICT service exports (BoP, current US$)

ICT service exports (% of service exports, BoP)

Communications, computer, etc. (% of service exports, BoP)

Primary income receipts (BoP, current US$)

Exports of goods and services (BoP, current US$)

Insurance and financial services (% of service exports, BoP)

Goods exports (BoP, current US$)

Service exports (BoP, current US$)

Charges for the use of intellectual property, receipts (BoP, current US$)

Exports of goods, services and primary income (BoP, current US$)

Transport services (% of service exports, BoP)

Travel services (% of service exports, BoP)

Secondary income receipts (BoP, current US$)

Personal remittances, received (current US$)

Personal remittances, received (% of GDP)

General government final consumption expenditure (current US$)

General government final consumption expenditure (current LCU)

General government final consumption expenditure (constant 2015 US$)

General government final consumption expenditure (% of GDP)

Households and NPISHs Final consumption expenditure (current US$)

Households and NPISHs Final consumption expenditure (current LCU)

Households and NPISHs final consumption expenditure: linked series (current LCU)

Households and NPISHs Final consumption expenditure (constant 2015 US$)

Households and NPISHs Final consumption expenditure per capita (constant 2015 US$)

Households and NPISHs Final consumption expenditure, PPP (current international $)

Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)

Households and NPISHs final consumption expenditure (% of GDP)

Final consumption expenditure (current US$)

Final consumption expenditure (current LCU)

Final consumption expenditure (constant 2015 US$)

Final consumption expenditure (% of GDP)

Gross national expenditure (current US$)

Gross national expenditure (current LCU)

Gross national expenditure (constant 2015 US$)

Gross national expenditure (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (current LCU)

Exports of goods and services (constant 2015 US$)

Exports of goods and services (% of GDP)

Gross capital formation (current US$)

Gross capital formation (current LCU)

Gross capital formation (constant 2015 US$)

Gross capital formation (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (current LCU)

Imports of goods and services (constant 2015 US$)

Imports of goods and services (% of GDP)

External balance on goods and services (current US$)

External balance on goods and services (current LCU)

External balance on goods and services (% of GDP)

Trade (% of GDP)

Agriculture, forestry, and fishing, value added (current LCU)

Agriculture, forestry, and fishing, value added (constant 2015 US$)

Manufacturing, value added (current US$)

Manufacturing, value added (current LCU)

Manufacturing, value added (constant 2015 US$)

Manufacturing, value added (% of GDP)

Industry (including construction), value added (current US$)

Industry (including construction), value added (current LCU)

Industry (including construction), value added (constant 2015 US$)

Industry (including construction), value added (% of GDP)

Services, value added (current US$)

Services, value added (current LCU)

Services, value added (constant 2015 US$)

Services, value added (% of GDP)

Adjusted savings: carbon dioxide damage (current US$)

Adjusted savings: carbon dioxide damage (% of GNI)

Adjusted savings: mineral depletion (current US$)

Adjusted savings: mineral depletion (% of GNI)

Adjusted savings: energy depletion (current US$)

Adjusted savings: energy depletion (% of GNI)

Adjusted savings: gross savings (% of GNI)

Inflation, GDP deflator (annual %)

GDP deflator (base year varies by country)

Discrepancy in expenditure estimate of GDP (current LCU)

Gross value added at basic prices (GVA) (current US$)

Gross value added at basic prices (GVA) (current LCU)

Gross value added at basic prices (GVA) (constant 2015 US$)

GDP (current US$)

GDP (current LCU)

GDP: linked series (current LCU)

GDP (constant 2015 US$)

GDP growth (annual %)

GDP (constant LCU)

GDP, PPP (current international $)

GDP, PPP (constant 2021 international $)

GDP per capita (current US$)

GDP per capita (current LCU)

GDP per capita (constant 2015 US$)

GDP per capita growth (annual %)

GDP per capita (constant LCU)

GDP per capita, PPP (current international $)

GDP per capita, PPP (constant 2021 international $)

Gross domestic savings (current US$)

Gross domestic savings (current LCU)

Gross domestic savings (% of GDP)

GNI, Atlas method (current US$)

GNI (current US$)

GNI (current LCU)

GNI: linked series (current LCU)

GNI (constant 2015 US$)

GNI, PPP (current international $)

GNI, PPP (constant 2021 international $)

GNI per capita, Atlas method (current US$)

GNI per capita (current LCU)

GNI per capita (constant 2015 US$)

GNI per capita, PPP (current international $)

GNI per capita, PPP (constant 2021 international $)

Gross savings (current US$)

Gross savings (current LCU)

Gross savings (% of GNI)

Gross savings (% of GDP)

Net primary income (Net income from abroad) (current US$)

Net primary income (Net income from abroad) (current LCU)

Taxes less subsidies on products (current US$)

Taxes less subsidies on products (current LCU)

Net secondary income (Net current transfers from abroad) (current US$)

Net secondary income (Net current transfers from abroad) (current LCU)

DEC alternative conversion factor (LCU per US$)

PPP conversion factor, GDP (LCU per international $)

Price level ratio of PPP conversion factor (GDP) to market exchange rate

PPP conversion factor, private consumption (LCU per international $)

Education (4)

Secondary education, general pupils

Secondary education, vocational pupils

Population ages 0-14 (% of total population)

Population ages 15-64 (% of total population)

Energy & Mining (20)

Access to electricity, urban (% of urban population)

Access to electricity (% of population)

Electricity production from coal sources (% of total)

Electricity production from oil, gas and coal sources (% of total)

Electricity production from hydroelectric sources (% of total)

Electricity production from natural gas sources (% of total)

Electricity production from nuclear sources (% of total)

Electricity production from oil sources (% of total)

Renewable electricity output (% of total electricity output)

Electricity production from renewable sources, excluding hydroelectric (kWh)

Electricity production from renewable sources, excluding hydroelectric (% of total)

Renewable energy consumption (% of total final energy consumption)

Mineral rents (% of GDP)

Natural gas rents (% of GDP)

Oil rents (% of GDP)

Total natural resources rents (% of GDP)

Fuel imports (% of merchandise imports)

Ores and metals imports (% of merchandise imports)

Fuel exports (% of merchandise exports)

Ores and metals exports (% of merchandise exports)

Environment (30)

Bird species, threatened

Fish species, threatened

Total greenhouse gas emissions excluding LULUCF (Mt CO2e)

Total greenhouse gas emissions excluding LULUCF per capita (t CO2e/capita)

Methane (CH4) emissions from Agriculture (Mt CO2e)

Methane (CH4) emissions from Building (Energy) (Mt CO2e)

Methane (CH4) emissions (total) excluding LULUCF (Mt CO2e)

Methane (CH4) emissions from Waste (Mt CO2e)

Methane (CH4) emissions (total) excluding LULUCF (% change from 1990)

Carbon dioxide (CO2) emissions from Industrial Processes (Mt CO2e)

Carbon dioxide (CO2) emissions (total) excluding LULUCF (Mt CO2e)

Carbon dioxide (CO2) emissions excluding LULUCF per capita (t CO2e/capita)

Carbon intensity of GDP (kg CO2e per constant 2015 US$ of GDP)

Carbon intensity of GDP (kg CO2e per 2021 PPP $ of GDP)

Carbon dioxide (CO2) emissions from Waste (Mt CO2e)

Carbon dioxide (CO2) emissions (total) excluding LULUCF (% change from 1990)

Nitrous oxide (N2O) emissions from Agriculture (Mt CO2e)

Nitrous oxide (N2O) emissions from Building (Energy) (Mt CO2e)

Nitrous oxide (N2O) emissions from Industrial Processes (Mt CO2e)

Nitrous oxide (N2O) emissions (total) excluding LULUCF (Mt CO2e)

Nitrous oxide (N2O) emissions from Waste (Mt CO2e)

Nitrous oxide (N2O) emissions (total) excluding LULUCF (% change from 1990)

Total greenhouse gas emissions excluding LULUCF (% change from 1990)

Plant species (higher), threatened

Mammal species, threatened

Aquaculture production (metric tons)

Capture fisheries production (metric tons)

Total fisheries production (metric tons)

Coal rents (% of GDP)

Forest rents (% of GDP)

Financial Sector (6)

Inflation, GDP deflator: linked series (annual %)

GDP deflator: linked series (base year varies by country)

Official exchange rate (LCU per US$, period average)

International migrant stock, total

International migrant stock (% of population)

Health (73)

People using at least basic drinking water services (% of population)

People using at least basic sanitation services (% of population)

Diabetes prevalence (% of population ages 20 to 79)

People practicing open defecation (% of population)

Adolescent fertility rate (births per 1,000 women ages 15-19)

Mortality rate, adult, female (per 1,000 female adults)

Mortality rate, adult, male (per 1,000 male adults)

Birth rate, crude (per 1,000 people)

Death rate, crude (per 1,000 people)

Life expectancy at birth, female (years)

Life expectancy at birth, total (years)

Life expectancy at birth, male (years)

Fertility rate, total (births per woman)

Survival to age 65, female (% of cohort)

Survival to age 65, male (% of cohort)

Population ages 00-04, female (% of female population)

Population ages 00-04, male (% of male population)

Population ages 0-14, female

Population ages 0-14, female (% of female population)

Population ages 0-14, male

Population ages 0-14, male (% of male population)

Population ages 0-14, total

Population ages 05-09, female (% of female population)

Population ages 05-09, male (% of male population)

Population ages 10-14, female (% of female population)

Population ages 10-14, male (% of male population)

Population ages 15-19, female (% of female population)

Population ages 15-19, male (% of male population)

Population ages 15-64, female

Population ages 15-64, female (% of female population)

Population ages 15-64, male

Population ages 15-64, male (% of male population)

Population ages 15-64, total

Population ages 20-24, female (% of female population)

Population ages 20-24, male (% of male population)

Population ages 25-29, female (% of female population)

Population ages 25-29, male (% of male population)

Population ages 30-34, female (% of female population)

Population ages 30-34, male (% of male population)

Population ages 35-39, female (% of female population)

Population ages 35-39, male (% of male population)

Population ages 40-44, female (% of female population)

Population ages 40-44, male (% of male population)

Population ages 45-49, female (% of female population)

Population ages 45-49, male (% of male population)

Population ages 50-54, female (% of female population)

Population ages 50-54, male (% of male population)

Population ages 55-59, female (% of female population)

Population ages 55-59, male (% of male population)

Population ages 60-64, female (% of female population)

Population ages 60-64, male (% of male population)

Population ages 65-69, female (% of female population)

Population ages 65-69, male (% of male population)

Population ages 65 and above, female

Population ages 65 and above, female (% of female population)

Population ages 65 and above, male

Population ages 65 and above, male (% of male population)

Population ages 65 and above, total

Population ages 65 and above (% of total population)

Population ages 70-74, female (% of female population)

Population ages 70-74, male (% of male population)

Population ages 75-79, female (% of female population)

Population ages 75-79, male (% of male population)

Population ages 80 and above, female (% of female population)

Population ages 80 and above, male (% of male population)

Sex ratio at birth (male births per female births)

Age dependency ratio (% of working-age population)

Age dependency ratio, old (% of working-age population)

Age dependency ratio, young (% of working-age population)

Population, female

Population, female (% of total population)

Population, male

Population, male (% of total population)

Infrastructure (13)

Liner shipping connectivity index (maximum value in 2004 = 100)

Container port traffic (TEU: 20 foot equivalent units)

Mobile cellular subscriptions

Mobile cellular subscriptions (per 100 people)

Fixed telephone subscriptions

Fixed telephone subscriptions (per 100 people)

Fixed broadband subscriptions

Fixed broadband subscriptions (per 100 people)

Secure Internet servers

Secure Internet servers (per 1 million people)

Individuals using the Internet (% of population)

ICT goods imports (% total goods imports)

ICT goods exports (% of total goods exports)

Other(3)

Human capital index plus (HCI+): health pillar score, female (scale 0–50)

Human capital index plus (HCI+): health pillar score, male (scale 0–50)

Human capital index plus (HCI+): health pillar score, total (scale 0–50)

Private Sector(50)

Merchandise trade (% of GDP)

Import volume index (2015 = 100)

Import unit value index (2015 = 100)

Food imports (% of merchandise imports)

Insurance and financial services (% of commercial service imports)

Manufactures imports (% of merchandise imports)

Merchandise imports from economies in the Arab World (% of total merchandise imports)

Merchandise imports (current US$)

Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in Middle East & North Africa (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports)

Merchandise imports from low- and middle-income economies in Sub-Saharan Africa (% of total merchandise imports)

Merchandise imports by the reporting economy, residual (% of total merchandise imports)

Merchandise imports by the reporting economy (current US$)

Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Import value index (2015 = 100)

Computer, communications and other services (% of commercial service imports)

Commercial service imports (current US$)

Transport services (% of commercial service imports)

Travel services (% of commercial service imports)

Net barter terms of trade index (2015 = 100)

Export volume index (2015 = 100)

Export unit value index (2015 = 100)

Food exports (% of merchandise exports)

Insurance and financial services (% of commercial service exports)

Manufactures exports (% of merchandise exports)

Merchandise exports to economies in the Arab World (% of total merchandise exports)

Merchandise exports (current US$)

Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)

Merchandise exports by the reporting economy, residual (% of total merchandise exports)

Merchandise exports by the reporting economy (current US$)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Export value index (2015 = 100)

Computer, communications and other services (% of commercial service exports)

Commercial service exports (current US$)

High-technology exports (current US$)

High-technology exports (% of manufactured exports)

Transport services (% of commercial service exports)

Travel services (% of commercial service exports)

Public Sector (2)

Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100)

Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100)

Science & Technology (3)

Research and development expenditure (% of GDP)

Researchers in R&D (per million people)

Technicians in R&D (per million people)

Social Protection & Labor(8)

Labor force participation rate for ages 15-24, female (%) (national estimate)

Labor force participation rate for ages 15-24, male (%) (national estimate)

Labor force participation rate for ages 15-24, total (%) (national estimate)

Labor force participation rate, female (% of female population ages 15+) (national estimate)

Ratio of female to male labor force participation rate (%) (national estimate)

Labor force participation rate, male (% of male population ages 15+) (national estimate)

Labor force participation rate, total (% of total population ages 15+) (national estimate)

Unemployment, total (% of total labor force) (national estimate)

Urban Development (2)

Urban land area (sq. km)

Population density (people per sq. km of land area)