World 8.2bn peopleGDP $118tnLife expectancy 73.5 yrsOnline 73.6%
NotesAdvertise
World Report nowcountries in numbers
World Report now
  1. Home
  2. Countries
  3. Faroe Islands
FO
Europe & Central Asia · High income

Faroe Islands: key statistics

Faroe Islands has 54,900 people (2025) and a GDP per person of $74,175. Below: 38 indicators with the latest year, world rank and change over ten years.

Capital
Tórshavn
Region
Europe & Central Asia
Income group
High income
Currency
Faroese króna
Languages
Danish, Faroese
ISO codes
FOFRO
Land neighbours
Iceland
Population54,9002025 · rank 202 of 217GDP$4.1bn2024 · rank 175 of 211GDP per capita$74,1752024 · rank 16 of 211Life expectancy83.1 yrs2024 · rank 20 of 217Internet users97.6%2017Fertility1.912024 · rank 108 of 217CO₂ per person0.04 t2024 · rank 195 of 203
topic profiles

Faroe Islands, topic by topic

Each profile brings together the indicators of one topic with world and regional rank, values since 2000, group averages and a comparison with neighbours.

Population12 indicatorsEconomy13 indicatorsTrade & investment9 indicatorsHealth5 indicatorsDigital & energy access8 indicatorsEnvironment11 indicators
Population
Faroe Islands
40,00045,00050,00055,0001994199920042009201420192024Faroe Islands54,900
GDP per capita
Faroe IslandsEurope & Central AsiaWorld
$0$20,000$40,000$60,000$80,0001994199920042009201420192024Faroe Islands$74,175Europe & Central AsiaWorld
Life expectancy
Faroe IslandsEurope & Central AsiaWorld
65707580851994199920042009201420192024Faroe Islands83.1 yrsEurope & Central AsiaWorld
Internet users
Faroe IslandsEurope & Central AsiaWorld
0%25%50%75%100%1995200020052010201520202025Faroe Islands97.6%Europe & Central AsiaWorld
all indicators

Faroe Islands by topic

World rank counts countries with a value in the recent window; regional rank is within Europe & Central Asia.

PopulationFull population profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
Population54,9002025202/21754/58+12%8.2bn
Population growth0.47%2025137/21723/58−0.5 pp0.91%
Urban share39.6%2025173/21754/58+1.5 pp57.8%
Fertility1.912024108/2177/58−25%2.19
Aged 65+17.8%202551/21740/58+0.9 pp10.4%
Aged 0–1419.9%2025125/21711/58−1.2 pp24.4%
Density39.92024163/21646/57+15%62.1
Birth rate10.82024142/21714/58−19%16.3
Area12,960 km²2024159/21648/57+828%140,539,257 km²

EconomyFull economy profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
GDP$4.1bn2024175/21155/57+39%$118tn
GDP per capita$74,175202416/21111/57+23%$14,406
GDP per capita, PPP$82,089202416/1998/53+54%$25,704
GNI per capita$73,120202413/2018/53+21%$14,244
GDP growth0.8%2024178/21044/56−4.6 pp2.9%
GDP per capita growth0.4%2024167/21045/56−4.6 pp2.0%
Agriculture share16.1%202451/1984/56+1.1 pp4.0%
Industry share18.3%2024137/20143/57+2.6 pp25.0%
Services share53.8%2024129/20149/57−4.2 pp63.3%
Investment28.2%202442/1759/51+6.4 pp26.3%
Savings28.8%2011——−10.5 pp26.0%

Prices & public finance

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
Exchange rate6.622025117/21019/57−1.6%—

Trade & investmentFull trade & investment profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
Exports54.6%202447/18419/52+1.1 pp29.5%
Imports51.2%202478/18430/52−1.5 pp28.5%
Trade openness105.8%202455/18422/52−0.4 pp68.5%
Current account7.8%2011——−4.8 pp—
Remittances6.3%2011——+3.0 pp0.8%

HealthFull health profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
Life expectancy83.1 yrs202420/21712/58+1.8%73.5 yrs
Basic water100.0%20247/2063/56±0.0 pp91.5%
Basic sanitation90.9%2015———82.2%

Digital & energy accessFull digital & energy access profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
Internet users97.6%2017——+21.6 pp73.6%
Mobile subscriptions105.82022132/21049/56−13%111.5
Fixed broadband34.6202245/20829/55+1.9%20.1
Electricity access100.0%202434/21516/57±0.0 pp91.9%

EnvironmentFull environment profile

IndicatorValueYearWorld rankIn region10-year changeWorldSince 2000
CO₂ per person0.04 t2024195/20349/49−6.9%4.69 t
Renewable energy7.9%2022158/21247/54+3.2 pp19.7%
Renewable power38.1%202178/20627/51−1.0 pp27.8%
Forest cover0.1%2024208/21454/57±0.0 pp31.1%
Arable land0.1%2024206/20653/53±0.0 pp10.7%
Source: World Bank, World Development Indicators (CC BY 4.0)
head to head

Compare Faroe Islands with its neighbours

IcelandvsFaroe Islands