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🇫🇴 Faroe Islands
With 54,900 inhabitants (2025), Faroe Islands ranks 199 out of 213 in the population ranking (Europe). GDP per capita – Faroe Islands: $74,175 /inh. (2024), ranking 15 out of 211. Economic growth is 0.8 % (2024).
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Strengths and weaknesses
Strengths – Faroe Islands, according to global rankings (rank/countries ranked): Access to basic drinking water (1/211), Open defecation (1/211), Gross national income per capita (Atlas method) (14/205).
Weaknesses – Faroe Islands, according to global rankings (rank/countries ranked): Protected land areas (194/210), GDP growth (177/211), GDP per capita growth (166/211).
Regional comparison
- GDP per capita: Faroe Islands has $74,175 /inh., above the regional median (Europe: $38,002 /inh.).
- GDP growth: Faroe Islands has 0.8 %, below the regional median (Europe: 1.7 %).
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All indicators
·Wealth & Growth 8
| Indicator | Value | Year | World position |
|---|---|---|---|
| Gross national income per capita (Atlas method) | $73,120 /inh. | 2024 | 14 of 205 |
| GDP per capita | $74,175 /inh. | 2024 | 15 of 211 |
| GDP per capita, purchasing power parity | $82,089 /inh. | 2024 | 16 of 201 |
| GDP per capita growth | 0.4 % | 2024 | 166 of 211 |
| GDP | $4.1B | 2024 | 174 of 211 |
| GDP growth | 0.8 % | 2024 | 177 of 211 |
| GDP, purchasing power parity | $4.5B | 2024 | 180 of 201 |
| Natural resource rents | 0 % | 2021 | 189 of 211 |
Prices, Inflation & Currency 2
| Indicator | Value | Year | World position |
|---|---|---|---|
| Inflation (GDP deflator) | 2 % | 2024 | 61 of 210 |
| Official exchange rate | 6.62 LCU/$ | 2025 | 118 of 211 |
Foreign Trade 7
| Indicator | Value | Year | World position |
|---|---|---|---|
| Current account balance | 7.8 % | 2011 | 25 of 198 |
| Exports of goods and services | 54.6 % | 2024 | 50 of 192 |
| Trade openness | 105.8 % | 2024 | 59 of 192 |
| Imports of goods and services | 51.2 % | 2024 | 81 of 192 |
| Merchandise exports | $2.1B | 2025 | 145 of 205 |
| High-technology exports | 0.6 % | 2009 | 165 of 185 |
| Services exports | $206.8M | 2011 | 170 of 198 |
Investment, Tourism & Aid 1
| Indicator | Value | Year | World position |
|---|---|---|---|
| Migrant remittances received | 6.3 % | 2011 | 53 of 196 |
Public finances 2
| Indicator | Value | Year | World position |
|---|---|---|---|
| Government final consumption | 27.9 % | 2024 | 14 of 187 |
| Research and development spending | 0.9 % | 2003 | 46 of 155 |
Economic structure 7
| Indicator | Value | Year | World position |
|---|---|---|---|
| Gross savings | 28.8 % | 2011 | 48 of 178 |
| Gross capital formation | 28.2 % | 2024 | 49 of 185 |
| Agriculture, forestry and fishing | 16.1 % | 2024 | 53 of 203 |
| Manufacturing | 9.5 % | 2024 | 106 of 201 |
| Services | 53.8 % | 2024 | 128 of 202 |
| Industry (including construction) | 18.3 % | 2024 | 140 of 205 |
| Household final consumption | 40.6 % | 2024 | 173 of 189 |
Population & Vital Statistics 11
| Indicator | Value | Year | World position |
|---|---|---|---|
| Number of men per 100 women | 106.7 per 100 women | 2025 | 18 of 213 |
| Share of men in the population | 51.6 % | 2025 | 18 of 213 |
| Boys per 100 girls at birth | 106.7 per 100 girls | 2024 | 33 of 213 |
| Share of people aged 65 and over | 17.8 % | 2025 | 49 of 213 |
| Age dependency ratio | 60.4 per 100 | 2025 | 68 of 213 |
| Median age of the population | 37.3 yrs | 2023 | 77 of 226 |
| Share of 0-14 year olds | 19.9 % | 2025 | 123 of 213 |
| Share of 15-64 year olds | 62.3 % | 2025 | 146 of 213 |
| Urban population | 39.6 % | 2025 | 171 of 213 |
| Share of women in the population | 48.4 % | 2025 | 196 of 213 |
| Population | 54,900 inhab. | 2025 | 199 of 213 |
Births, deaths and life expectancy 7
| Indicator | Value | Year | World position |
|---|---|---|---|
| Male life expectancy at birth | 81.3 yrs | 2024 | 16 of 213 |
| Life expectancy at birth | 83.1 yrs | 2024 | 19 of 213 |
| Female life expectancy at birth | 84.9 yrs | 2024 | 25 of 213 |
| Death rate | 8.2 per 1,000 | 2024 | 78 of 213 |
| Children per woman | 1.91 children/woman | 2024 | 106 of 213 |
| Population growth | 0.47 % | 2025 | 134 of 213 |
| Birth rate | 10.8 per 1,000 | 2024 | 139 of 213 |
Health and healthcare system 3
| Indicator | Value | Year | World position |
|---|---|---|---|
| Access to basic drinking water | 100 % | 2024 | 1 of 211 |
| Open defecation | 0 % | 2015 | 1 of 211 |
| Access to basic sanitation | 90.9 % | 2015 | 116 of 211 |
Body and lifestyle 1
| Indicator | Value | Year | World position |
|---|---|---|---|
| Diabetes prevalence | 5.3 % | 2024 | 35 of 207 |
Origins, languages and religions 4
| Indicator | Value | Year | World position |
|---|---|---|---|
| Share of immigrants in the population | 14.6 % | 2024 | 58 of 212 |
| Religious diversity (fractionalization index) | 0.31 | 2003 | 139 of 204 |
| Ethnic diversity (fractionalization index) | 0 | 2003 | 189 of 205 |
| Linguistic diversity (fractionalization index) | 0 | 2003 | 192 of 203 |
Territory & Borders 8
| Indicator | Value | Year | World position |
|---|---|---|---|
| Latitude of the country's center | 62.2 ° | 2026 | 7 of 232 |
| Length of coastline | 1,117 km | 2026 | 79 of 227 |
| Number of neighboring countries | 0 countries | 2026 | 155 of 223 |
| Total area | 12,960 km² | 2024 | 158 of 212 |
| Population density | 39.9 inh./km² | 2024 | 160 of 212 |
| Length of land borders | 0 km | 2026 | 162 of 230 |
| Land area | 1,370 km² | 2024 | 173 of 212 |
| Landlocked country | Has sea access | 2026 | 183 countries out of 227 in the same category |
Terrain, Water & Climate 3
| Indicator | Value | Year | World position |
|---|---|---|---|
| Lowest point | 0 m | 2026 | 39 of 228 |
| Population living less than 5 m above sea level | 2.7 % | 2015 | 102 of 212 |
| Highest point | 882 m | 2026 | 169 of 229 |
Land & Nature 4
| Indicator | Value | Year | World position |
|---|---|---|---|
| Agricultural land | 70.1 % | 2024 | 23 of 207 |
| Protected land areas | 2.4 % | 2025 | 194 of 210 |
| Arable land | 0.1 % | 2024 | 204 of 204 |
| Forest cover | 0.1 % | 2024 | 205 of 210 |
Democracy & Elections 1
| Indicator | Value | Year | World position |
|---|---|---|---|
| Minimum voting age | 18 yrs | 2026 | 12 of 222 |
Health and reproductive rights 1
| Indicator | Value | Year | World position |
|---|---|---|---|
| Adolescent birth rate | 4.4 per 1,000 | 2024 | 28 of 213 |
Civic duties 1
| Indicator | Value | Year | World position |
|---|---|---|---|
| Compulsory voting | Voluntary voting | 2026 | 199 countries out of 226 in the same category |
Frequently asked questions
How many people live in Faroe Islands?
Faroe Islands has about 54,900 inhabitants (2025), ranking 199 worldwide out of 213 countries.
What is the GDP per capita of Faroe Islands?
GDP per capita is $74,175 /inh. (2024): Faroe Islands ranks 15 out of 211 countries.
Where does Faroe Islands stand in its region (Europe)?
GDP per capita: Faroe Islands has $74,175 /inh., above the regional median (Europe: $38,002 /inh.).
Where do the figures on Faroe Islands come from?
The data comes from public sources (World Bank, CIA World Factbook…), cited on each indicator page, with the year of each value.
Rank is the position in the world ranking for each indicator (the ranking direction is given on the indicator's page). Sources and update dates are on each indicator's page.