Faroe Islands flag

Faroe Islands

Updated 2023
Data Sources
World Bank • IMF • Faroe Islands Statistics
GDP (Nominal)

$3.91B

2023
Population

54,719.0

2024
GDP Growth

2.49 %

2023
Area

12,960 km²

2022

Country Overview

Faroe Islands is located in Europe & Central Asia.

Key Facts
  • Capital: Torshavn
  • Population Density: 4.2 people/km²
  • GDP per Capita: $71407.0

Geographic Data

12960.0 km²

Key Economic Indicators

GDP Growth

2.5%

2023
Unemployment

No Data

Government Debt

No Data

Inflation Rate

No Data

Current Account

7.8%

2011
Exports

$2.26B

2023
Imports

$2.21B

2023

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Data & Methodology

Data Sources
  • World Bank Development Indicators
  • IMF World Economic Outlook
  • Faroe Islands National Statistics
Update Frequency
Annual (70%)
Quarterly (20%)
Monthly (10%)

Last updated: 2025