Faroe Islands: key statistics
Europe & Central Asia · High income · capital Torshavn
Faroe Islands has a GDP of $4.1B and a GDP per capita of $74,120, with a population of about 54,681 (World Bank, latest available year). Life expectancy is 83.1 years. Among countries with data, Faroe Islands ranks #176 of 214 by GDP, #15 of 214 by GDP per capita, #202 of 217 by population. Full indicator table, peer countries and head-to-head comparisons are below.
Source: World Bank Open Data. Data as of June 2026.
Faroe Islands at a glance
| Indicator | Value | Year |
|---|---|---|
| GDP (current US$) | $4.1B | 2024 |
| GDP per capita (current US$) | $74,120 | 2024 |
| Population, total | 54,681 | 2024 |
| Population growth (annual %) | 0.5% | 2024 |
| GDP growth (annual %) | 0.8% | 2024 |
| Inflation, consumer prices (annual %) | — | — |
| Unemployment, total (% of labour force, modelled ILO) | — | — |
| Life expectancy at birth, total (years) | 83.1 | 2024 |
| Individuals using the Internet (% of population) | 97.6% | 2017 |
| Urban population (% of total) | 39.4% | 2024 |
| CO2 emissions per capita (tonnes) | 0.04 | 2024 |
Source: World Bank Open Data (CC BY 4.0). Data as of June 2026.
Each value is the most-recent year the World Bank reports for Faroe Islands (the year column), so figures are not all from the same year. A dash (—) means no value is reported.
How Faroe Islands ranks
- GDP: #176 of 214 ($4.1B)
- GDP per capita: #15 of 214 ($74,120)
- Population: #202 of 217 (54,681)
- Life expectancy: #20 of 217 (83.1 years)
Faroe Islands vs its peers
The 6 countries in Europe & Central Asia with the closest GDP per capita to Faroe Islands:
| Country | GDP per capita | Population | Life expectancy |
|---|---|---|---|
| Faroe Islands (this country) | $74,120 | 54,681 | 83.1 |
| Channel Islands | $74,586 | 168,126 | 81.2 |
| Denmark | $71,026 | 6.0 million | 82.3 |
| Netherlands | $67,520 | 18.0 million | 82.0 |
| Iceland | $86,041 | 386,506 | 82.8 |
| Norway | $86,785 | 5.6 million | 83.2 |
| Isle of Man | $88,329 | 84,160 | 81.1 |
See every country in this region on the Europe & Central Asia hub.
Compare Faroe Islands head to head
Frequently asked questions
What is the GDP of Faroe Islands?
Faroe Islands's GDP is $4.1B (2024) in current US dollars (World Bank). GDP per capita is $74,120 (2024). That ranks Faroe Islands #176 of 214 economies with reported GDP.
What is the population of Faroe Islands?
Faroe Islands has a population of about 54,681 (2024), per World Bank data. It is the #202 most populous of 217 countries.
What region and income group is Faroe Islands in?
The World Bank places Faroe Islands in the Europe & Central Asia region and classifies it as a high income economy. Its capital is Torshavn.
How long do people live in Faroe Islands?
Life expectancy at birth in Faroe Islands is 83.1 years (2024, World Bank). That ranks #20 of 217.
Sources & notes
Data: World Bank Open Data, Indicators API (CC BY 4.0), retrieved June 2026. Values are each indicator's most-recent non-empty year for Faroe Islands, so the reference year varies by indicator (shown in the table). Figures are nominal (current US$) unless noted; see our methodology. Browse all 217 countries.
Last updated: 2026-06-20