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Faroe Islands in figures

A profile of Faroe Islands from official statistics: 11 figures in 2 sections, each with its period, its change from a year earlier, its rank among similar places where a ranking exists, and its source.

Figures last updated on 2026-10-11.

People

Population in Faroe Islands was 54,900 in 2025, up 0.5% from 2024, and the 16th lowest of 215 countries.

Population54,9002025Up 0.5% from 2024The 16th lowest of 215 countries
Population growth rate0.91%2023Down 0.23 percentage points from 2022The 100th lowest of 215 countries
Median age, July 1 estimate37.26 years2023, estimatedDown 0.28 years from 2022The 82nd highest of 236 countries
Population aged 65 and over17.7%2023Down 0.1 percentage points from 2022
Population density39.9 inhabitants per km²2024Up 0.4% from 2023
Net migration5992023Compared with 614 in 2022
46K48K50K52K54K56K20012005200920132017202120252001: 46,635 persons2002: 47,335 persons2003: 48,032 persons2004: 48,384 persons2005: 48,359 persons2006: 48,335 persons2007: 48,378 persons2008: 48,547 persons2009: 48,790 persons2010: 48,656 persons2011: 48,542 persons2012: 48,290 persons2013: 48,245 persons2014: 48,427 persons2015: 48,898 persons2016: 49,463 persons2017: 50,179 persons2018: 50,997 persons2019: 51,790 persons2020: 52,561 persons2021: 53,291 persons2022: 53,903 persons2023: 54,398 persons2024: 54,640 persons2025: 54,900 persons
Population, 2001 to 2025. persons. Source: World Bank, Population, total (SP.POP.TOTL).

Sources: World Bank, Population, total (SP.POP.TOTL); World Bank, Population growth, annual % (SP.POP.GROW); United Nations, Department of Economic and Social Affairs, Population Division, World Population Prospects 2024, Online Edition. Median age on 1 July, modelled estimates 1950 to 2023; projections excluded; World Bank, Population ages 65 and above, % of total population (SP.POP.65UP.TO.ZS); World Bank, Population density, people per km² of land area (EN.POP.DNST); World Bank, Net migration (SM.POP.NETM). Population and demography statistics and rankings

Economy

GDP (US dollars) in Faroe Islands was $4.05 billion in 2024, up 2.8% from 2023, and the 33rd lowest of 199 countries.

Gross domestic product (GDP), US dollars$4.05 billion2024Up 2.8% from 2023The 33rd lowest of 199 countries
GDP per capita, US dollars$74,1752024Up 2.3% from 2023The 13th highest of 199 countries
Real GDP growth0.8%2024Down 2.3 percentage points from 2023The 31st lowest of 199 countries
GDP per capita, PPP (international dollars)82,089 international $2024Up 2.9% from 2023
Trade as a share of GDP105.8%2024Down 7.6 percentage points from 2023
1,0002,0003,0004,0005,00020002004200820122016202020242000: 1,067.1 USD million2001: 1,160.3 USD million2002: 1,275.1 USD million2003: 1,501.9 USD million2004: 1,724.8 USD million2005: 1,759.7 USD million2006: 2,017.7 USD million2007: 2,339 USD million2008: 2,489.9 USD million2009: 2,296.1 USD million2010: 2,331.8 USD million2011: 2,505.7 USD million2012: 2,427.2 USD million2013: 2,690.1 USD million2014: 2,914 USD million2015: 2,573.9 USD million2016: 2,813.3 USD million2017: 2,980.1 USD million2018: 3,188.6 USD million2019: 3,266.4 USD million2020: 3,271.8 USD million2021: 3,699.6 USD million2022: 3,615.2 USD million2023: 3,943.1 USD million2024: 4,052.9 USD million
Gross domestic product (GDP), US dollars, 2000 to 2024. USD million. Source: World Bank, GDP, current US$ (NY.GDP.MKTP.CD).

Sources: World Bank, GDP, current US$ (NY.GDP.MKTP.CD); World Bank, GDP per capita, current US$ (NY.GDP.PCAP.CD); World Bank, GDP growth, annual % (NY.GDP.MKTP.KD.ZG); World Bank, GDP per capita, PPP (current international $) (NY.GDP.PCAP.PP.CD); World Bank, Trade, % of GDP (NE.TRD.GNFS.ZS). Economy statistics and rankings

Sources and citations

Each figure comes from the table cited here. Cite the publisher; these citations include any notice the publisher requires.

  1. World Bank, World Development Indicators. Population, total (SP.POP.TOTL). https://data.worldbank.org/indicator/SP.POP.TOTL. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  2. World Bank, World Development Indicators. Population growth, annual % (SP.POP.GROW). https://data.worldbank.org/indicator/SP.POP.GROW. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  3. United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition. Median age on 1 July, modelled estimates 1950 to 2023; projections excluded. Modelled estimate. https://population.un.org/wpp/assets/Excel%20Files/1_Indicator%20(Standard)/CSV_FILES/WPP2024_Demographic_Indicators_Medium.csv.gz. Retrieved 2026-10-10. CC BY 3.0 IGO.
  4. World Bank, World Development Indicators. Population ages 65 and above, % of total population (SP.POP.65UP.TO.ZS). https://data.worldbank.org/indicator/SP.POP.65UP.TO.ZS. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  5. World Bank, World Development Indicators. Population density, people per km² of land area (EN.POP.DNST). https://data.worldbank.org/indicator/EN.POP.DNST. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  6. World Bank, World Development Indicators. Net migration (SM.POP.NETM). https://data.worldbank.org/indicator/SM.POP.NETM. Retrieved 2026-10-11. Licensed under CC BY 4.0.
  7. World Bank, World Development Indicators. GDP, current US$ (NY.GDP.MKTP.CD). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  8. World Bank, World Development Indicators. GDP per capita, current US$ (NY.GDP.PCAP.CD). https://data.worldbank.org/indicator/NY.GDP.PCAP.CD. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  9. World Bank, World Development Indicators. GDP growth, annual % (NY.GDP.MKTP.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG. Retrieved 2026-10-09. Licensed under CC BY 4.0.
  10. World Bank, World Development Indicators. GDP per capita, PPP (current international $) (NY.GDP.PCAP.PP.CD). https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD. Retrieved 2026-10-11. Licensed under CC BY 4.0.
  11. World Bank, World Development Indicators. Trade, % of GDP (NE.TRD.GNFS.ZS). https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS. Retrieved 2026-10-11. Licensed under CC BY 4.0.

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