Unemployment Rate in Faroe Islands remained unchanged at 1.20 percent in July from 1.20 percent in June of 2021. source: Statistics Faroe Islands

Unemployment Rate in Faroe Islands averaged 4.13 percent from 1995 until 2021, reaching an all time high of 14.90 percent in April of 1995 and a record low of 0.90 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 October of 2021.

Unemployment Rate in Faroe Islands is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Unemployment Rate is projected to trend around 1.10 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Faroe Islands Unemployment Rate


Faroe Islands Last Unit Reference Previous Highest Lowest
Unemployment Rate 1.20 percent Jul/21 1.20 14.90 0.90
Unemployed Persons 332.00 Jul/21 345.00 2923.00 290.00
Population 0.05 Million Dec/20 0.05 0.05 0.04