Unemployment Rate in Faroe Islands decreased to 1.40 percent in March from 1.50 percent in February of 2021. source: Statistics Faroe Islands

Unemployment Rate in Faroe Islands averaged 4.17 percent from 1995 until 2021, 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 June of 2021.

Unemployment Rate in Faroe Islands is expected to be 2.00 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 1.60 in 12 months time. In the long-term, the Faroe Islands Unemployment Rate is projected to trend around 1.80 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Faroe Islands Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.50 14.30 1.00 1995 - 2021 percent Monthly

Faroe Islands Labour Last Previous Highest Lowest Unit
Population 0.05 0.05 0.05 0.04 Million [+]
Unemployed Persons 449.00 442.00 2923.00 290.00 [+]
Unemployment Rate 1.40 1.50 14.30 1.00 percent [+]