Faroe Islands flag

Faroe Islands

Capital

Tórshavn

Region

Europe

Population

54,885

Area (km²)

1,393

💡Quick Summary

The Faroe Islands, an autonomous archipelago in Europe under Danish sovereignty, boasts a small population of around 54,885 residents and covers a compact area of 1,393 km². Its capital, Tórshavn, serves as the cultural and economic hub, with the economy heavily reliant on fishing and aquaculture—though specific GDP figures are unavailable. This remote Nordic gem is famed for its dramatic cliffs, puffin colonies, and resilient community thriving in the North Atlantic.

Key Insights

Stable Population Replacement Rate

The fertility rate stands at 1.86 children per woman, which is near the replacement level (2.1) and significantly higher than many other highly developed European nations. This suggests a relatively stable demographic outlook without the immediate severe aging pressures seen elsewhere in the region.

Near-Zero Forest Cover

The Faroe Islands exhibits extremely minimal forest cover, with forest area accounting for only 0.058% of the total land area. This is a significant environmental characteristic, primarily due to the harsh climate, strong winds, and historical lack of native large trees, resulting in a landscape dominated by grass and moorland.

Universal Access to Modern Infrastructure

The territory has achieved 100% access to electricity, demonstrating complete success in providing basic modern infrastructure to all residents. This is a common feature among developed nations but highlights the high standard of living and effective utility distribution across the small island chain.

Low Urbanization for a Developed Economy

Only 39.198% of the population resides in urban areas, which is unusually low for a highly developed, high-income territory. This indicates that a significant portion of the population lives in smaller, non-urban settlements, reflecting the dispersed nature of the archipelago's communities.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$3.94B

Year: 2023

GDP Per Capita

$72,465.38

GDP Growth (%)

3.16%

Inflation (%)

N/A%

Unemployment (%)

N/A%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-2.00%0.00%2.00%4.00%6.00%
  • GDP Growth (%)
Population Growth
Total population over time
2014201520162017201820192020202120222023015,00030,00045,00060,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years25.0years50.0years75.0years100.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
2014201520162017201820192020202120220.0%2.0%4.0%6.0%8.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$20,000$40,000$60,000$80,000
  • GDP Per Capita ($)

Share This Country

Local Resources
Curated links to local news, real estate, events, and official websites

Real Estate

Events

Travel & Tourism