Global Macro Expert
Beta Siller Advisory

Macro

Faroe Islands

Europe & Central Asia · High income · not covered by the IMF WEO · World Bank WDI

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
200511.517.29.257.6
201515.716.59.356.9
202416.118.39.553.8

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method73,120USD2024+21.0%
GNI, Atlas method4USD bn2024+36.5%
Exports of goods and services54.6% of GDP2024+1.1 pp
Imports of goods and services51.2% of GDP2024-1.5 pp
Life expectancy at birth83.1years2024+1.8%
Urban population39.6% of total2025+1.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)