ARCHIVE // FO // TIME-SERIES
Unemployment rate
Faroe Islands — 35 years of data
Historical Values
| Year | Value |
|---|---|
| 1990 | labor shortage |
| 1991 | NA%, but increasing |
| 1992 | 5-6% (1991 est.) |
| 1993 | 5%-6% (1991 est.) |
| 1994 | 2.5% (1993 est) |
| 1995 | 23% (1993) |
| 1996 | 23% (1993) |
| 1997 | 11% (1996 est.) |
| 1998 | 11% (1996 est.) |
| 1999 | 5% (1998 est.) |
| 2000 | 5% (1998 est.) |
| 2001 | 1% (October 2000) |
| 2002 | 1% (October 2000 ) |
| 2003 | 1% (October 2000) |
| 2004 | 1% (October 2000) |
| 2005 | 1% (October 2000) |
| 2006 | 1% (October 2000) |
| 2007 | 2.1% (2006) |
| 2008 | 2.1% (2006) |
| 2009 | 1.4% (2007) country comparison to the world: 7 2.1% (2006) |
| 2010 | 3.9% (2009) country comparison to the world: 34 1.2% (2008) |
| 2011 | 3.9% (2009) country comparison to the world: 34 1.2% (2008) |
| 2012 | 6.8% (2011) country comparison to the world: 72 5.7% (2010) |
| 2013 | 6.8% (2011) country comparison to the world: 72 5.7% (2010) |
| 2014 | 6.8% (2011) country comparison to the world: 71 5.7% (2010) |
| 2015 | 5.5% (2012) | 6.8% (2011) | country comparison to the world: 58 |
| 2016 | 2.9% (2015 est.) | 3.1% (2014) | country comparison to the world: 20 |
| 2017 | 2.8% (2016 est.) | 2.9% (2015 est.) | country comparison to the world: 28 |
| 2018 | 2.2% (2017 est.) | 3.4% (2016 est.) |
| 2019 | 2.2% (2017 est.) | 3.4% (2016 est.) |
| 2020 | 2.2% (2017 est.) | 3.4% (2016 est.) |
| 2021 | 2.2% (2017 est.) 3.4% (2016 est.) |
| 2022 | 2.2% (2017 est.) 3.4% (2016 est.) |
| 2023 | 2.2% (2017 est.) 3.4% (2016 est.) |
| 2024 | 2.2% (2017 est.) 3.4% (2016 est.) |