Table of Contents

    The Economy of Faroe Islands

    📊Economic Indicators

    Major Indicators

    Faroe Islands
    Global Median

    Latest Indicator Releases

    Mar 2, 2023LatestPrevious
    Exchange Rate6.9626.900
    Feb 2, 2023LatestPrevious
    Exchange Rate6.9007.025
    Jan 26, 2023LatestPrevious
    Unemployment Rate (Monthly)0.7000.500
    Jan 25, 2023LatestPrevious
    Private Sector Credit15.6315.24
    Business Credit6.3206.160
    Household Credit9.3109.080
    Jan 21, 2023LatestPrevious
    Inflation10.108.810
    Jan 20, 2023LatestPrevious
    Consumer Price Index (CPI)138.50135.90
    Jan 2, 2023LatestPrevious
    Exchange Rate7.0257.281
    Dec 2, 2022LatestPrevious
    Exchange Rate7.2817.565

    🔁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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