Faroe Islands: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 0.8 percent as of October 2024, a decline compared to the previous value of 0.9 percent. Historically, the average for the Faroe Islands from November 2005 to October 2024 is 2.78 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 |
|---|---|
| 2024 Oct | 0.8 |
| 2024 Sep | 0.9 |
| 2024 Aug | 1 |
| 2024 Jul | 1.2 |
| 2024 Jun | 1 |
| 2024 May | 1 |
| 2024 Apr | 1.1 |
| 2024 Mar | 1.2 |
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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 | 0.80 | 10/2024 | percent |