Faroe Islands: GDP 81.9K intl$ per capita, population 54.7K. Compare economy, demographics and cost of living with other countries.
Location
Key Facts
Geography and Government
- Area
- 1,393 km²
- Capital
- Tórshavn
- ISO 2
- FO
- ISO 3
- FRO
- Calling code
- +298
- Internet TLD
- .fo
- Government type
- parliamentary democracy (Faroese Parliament); part of the Kingdom of Denmark
Age Structure
Languages
Religions
| Religion | Type | Share | Adherents |
|---|---|---|---|
| Christian | Major | 87.0% | - |
| Unspecified | Minor | 8.9% | - |
| None | Minor | 3.7% | - |
| Other | Minor | 0.9% | - |
Population & Demographics
Basic Demographics
Health Indicators
Economy Snapshot
Key Economic Indicators
Macroeconomic Indicators
Trade & External Sector
Explore More
Rankings featuring Faroe Islands
Frequently Asked Questions
What is the average income in Faroe Islands?
According to our data, the average income in Faroe Islands is approximately $73,070 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.
How does Faroe Islands compare to other countries in Europe and Central Asia?
Faroe Islands is located in Europe and Central Asia and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Faroe Islands compares to neighboring and regional countries.
Faroe Islands is located in Europe and Central Asia. Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.
Our comprehensive database provides real-time insights into Faroe Islands's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Faroe Islands's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.
Sources and References
Data sources: World Bank, IMF, UN Data, Transparency International.
All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.
Codes and Abbreviations
- ISO 2
- FO
- ISO 3
- FRO
- Vehicle code
- FO
- Latitude
- 61.89
- Longitude
- -6.91