Unemployment, total (% of total labor force) in Faroe Islands
Faroe Islands: Unemployment, total (% of total labor force) was 4.0% in 2013. ▲ Rising
Unemployment, total (% of total labor force) in Faroe Islands, 2000–2013
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
In 2013, unemployment, total (% of total labor force) in Faroe Islands stood at 4.0%.
Compared with earlier readings it is up 33.3% on the previous year and up 4.9% over ten years.
Over the whole period, unemployment, total (% of total labor force) in Faroe Islands peaked at 6.4% in 2010 and was at its lowest, 1.7%, in 2007.
That places Faroe Islands 124th out of 187 countries with data for 2013, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Unemployment, total (% of total labor force) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.2% | — |
| 2001 | 4.0% | -4.0% |
| 2003 | 3.8% | -3.8% |
| 2004 | 3.7% | -3.7% |
| 2005 | 3.5% | -6.6% |
| 2006 | 1.8% | -47.9% |
| 2007 | 1.7% | -4.2% |
| 2008 | 2.4% | +36.6% |
| 2009 | 3.9% | +66.9% |
| 2010 | 6.4% | +62.2% |
| 2011 | 5.3% | -17.2% |
| 2012 | 3.0% | -42.8% |
| 2013 | 4.0% | +33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 1.7% | 4.2% | 9 |
| 2010s | 4.7% | 3.0% | 6.4% | 4 |
Countries ranked near Faroe Islands
- 121 United States of America 4.3% compare
- 122 Cayman Islands 4.2% compare
- 123 Australia 4.2% compare
- 125 Trinidad and Tobago 4.0% compare
- 126 Ghana 4.0% compare
- 127 Ethiopia 3.9% compare
More work & labour data for Faroe Islands
- Population - Est. & Proj. — Urban population, annual growth rate 0.9506 % change on previous year (2050)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.2458 % change on previous year (2100)
- Population - Est. & Proj. — Urban population 28.99 1000 No (2050)
- Population - Est. & Proj. — Rural population 26.03 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 31.19 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 32.06 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 63.25 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.2366 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.8079 % change on previous year (2050)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.2271 % change on previous year (2100)
Frequently asked questions
- What is unemployment, total (% of total labor force) in Faroe Islands?
- Unemployment, total (% of total labor force) in Faroe Islands was 4.0% in 2013, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest unemployment, total (% of total labor force) recorded in Faroe Islands?
- The highest recorded value was 6.4% in 2010.
- What is the lowest unemployment, total (% of total labor force) recorded in Faroe Islands?
- The lowest recorded value was 1.7% in 2007.
- How does Faroe Islands rank for unemployment, total (% of total labor force)?
- Faroe Islands ranks 124th out of 187 countries with data for 2013.
- Is unemployment, total (% of total labor force) rising or falling in Faroe Islands?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Labour Force Statistics database (LFS), International Labour Organization (ILO), published as part of Unemployment, total (% of total labor force) (national estimate). Statizoid updates them automatically from the source API.
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About this data
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Definitions of labor force and unemployment differ by country.