Faroe Islands

Faroe Islands

The Faroe Islands, a self-governing dependency, recorded a GDP of $4.05 billion in 2024, per World Bank WDI, with GDP per capita of $74,119.66 across a population of 54,681 the same year — a per-capita figure reflecting the small population base over which that GDP is spread.

Energy

Primary energy consumption was 0.0115 exajoules in 2023, and electricity generation was 0.49 terawatt-hours in 2023, both per Our World in Data's energy series. Oil and gas production are listed at zero terawatt-hours, dated 2016.

Data gaps

This fact bundle is thin, consistent with the Faroe Islands' status as a dependency rather than a sovereign state with its own full reporting to the datasets used elsewhere in this product. No government-debt, foreign-reserves, military-expenditure, personnel, or composite-capability (CINC) figures are present. The governance section of this bundle is empty: V-Dem does not appear to score the Faroe Islands separately from Denmark in this dataset, so no electoral-democracy, liberal-democracy, or state-capacity figures can be reported. The oil and gas production figures that are present carry a 2016 reference year, a decade older than the GDP and population data, and should not be read as current.

In short, what can be said about the Faroe Islands from this bundle is limited to its 2024 GDP, GDP per capita, and population from the World Bank, and a small set of 2023 energy figures from Our World in Data. Its fiscal position, military posture, and governance characteristics are not covered by the sources available here.

Sources: World Bank WDI, Our World in Data (Energy).