Faroe Islands: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 1.2 percent as of March 2025, an increase compared to the previous value of 1.1 percent. Historically, the average for the Faroe Islands from November 2005 to March 2025 is 2.75 percent. The minimum of 0.6 percent was recorded in June 2023, while the maximum of 8.1 percent was reached in February 2011.
Click on the following link to see the values of: Unemployment rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics Faroe Islands
| Recent values | Faroe Islands: Unemployment rate, percent |
|---|---|
| 2025 Mar | 1.2 |
| 2025 Feb | 1.1 |
| 2025 Jan | 1.1 |
| 2024 Dec | 1 |
| 2024 Nov | 0.9 |
| 2024 Oct | 0.9 |
| 2024 Sep | 0.9 |
| 2024 Aug | 1 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Unemployment rate | 1.20 | 3/2025 | percent |