Unemployment Rate in Faroe Islands increased to 1.20 percent in June from 1.10 percent in May of 2019. Unemployment Rate in Faroe Islands averaged 4.36 percent from 1995 until 2019, reaching an all time high of 14.30 percent in May of 1995 and a record low of 1.10 percent in February of 2019.

Unemployment Rate in Faroe Islands is expected to be 1.30 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 1.20 in 12 months time. In the long-term, the Faroe Islands Unemployment Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.

Faroe Islands Unemployment Rate
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Faroe Islands Labour Last Previous Highest Lowest Unit
Population 0.05 0.05 0.05 0.04 Million [+]
Unemployed Persons 336.00 333.00 2925.00 333.00 [+]
Unemployment Rate 1.20 1.10 14.30 1.10 percent [+]


Faroe Islands Unemployment Rate

This page provides - Faroe Islands Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.10 14.30 1.10 1995 - 2019 percent Monthly
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