Table of Contents

    The Economy of Faroe Islands

    📊Economic Indicators

    Major Indicators

    Faroe Islands
    Global Median

    Latest Indicator Releases

    Oct 26, 2023LatestPrevious
    Unemployment Rate (Monthly)0.6000.600
    Oct 13, 2023LatestPrevious
    Inflation3.6804.420
    Oct 12, 2023LatestPrevious
    Consumer Price Index (CPI)140.90139.50
    Oct 2, 2023LatestPrevious
    Exchange Rate6.9876.833
    Sep 5, 2023LatestPrevious
    Exchange Rate6.8336.739
    Aug 25, 2023LatestPrevious
    Private Sector Credit16.5015.83
    Business Credit6.6806.400
    Household Credit9.8209.430
    Aug 2, 2023LatestPrevious
    Exchange Rate6.7396.872
    Jul 26, 2023LatestPrevious
    Unemployment Rate (Monthly)0.6000.800

    🔁Trade

    Source: United Nations

    Trade Balance

    Imports
    Exports

    Major Trade Partners

    Country
    Trade Value
    % of Trade
    Import Value
    Export Value
    Balance
    		Region
    Russia$351.52m$351.52m$351.52mAsia
    United Kingdom$295.77m$295.77m$295.77mEurope
    Denmark$271.26m$271.26m$271.26mEurope
    United States$220.44m$220.44m$220.44mNorth America
    China$91.49m$91.49m$91.49mAsia
    Spain$59.91m$59.91m$59.91mEurope
    Poland$50.56m$50.56m$50.56mEurope
    Norway$40.30m$40.30m$40.30mEurope
    Nigeria$39.37m$39.37m$39.37mAfrica
    Netherlands$35.49m$35.49m$35.49mEurope

    🗞News

    Faroe Islands's Economy
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