Unemployment Rate in Faroe Islands decreased to 1.50 percent in August from 1.70 percent in July of 2020. source: Statistics Faroe Islands
Unemployment Rate in Faroe Islands averaged 4.23 percent from 1995 until 2020, reaching an all time high of 14.30 percent in May of 1995 and a record low of 1 percent in September of 2019. This page provides - Faroe Islands Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Unemployment Rate - values, historical data and charts - was last updated on November of 2020.
Unemployment Rate in Faroe Islands is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Faroe Islands to stand at 2.30 in 12 months time. In the long-term, the Faroe Islands Unemployment Rate is projected to trend around 1.80 percent in 2021 and 1.50 percent in 2022, according to our econometric models.