Unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands
Faroe Islands: Unemployment, youth total (% of total labor force ages 15-24) was 9.9% in 2013. ▲ Rising
Unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands, 2005–2013
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
The most recent figure for unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands is 9.9%, measured in 2013.
The figure is up 5.5% on the previous year and up 2.3% over ten years.
Over the whole period, unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands peaked at 17.4% in 2010 and was at its lowest, 3.1%, in 2007.
That places Faroe Islands 109th out of 160 countries with data for 2013, putting it in the middle of the range.
Unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 9.6% | — |
| 2006 | 6.0% | -37.6% |
| 2007 | 3.1% | -47.7% |
| 2008 | 7.9% | +150.0% |
| 2009 | 11.3% | +44.2% |
| 2010 | 17.4% | +53.6% |
| 2011 | 12.6% | -27.7% |
| 2012 | 9.3% | -25.7% |
| 2013 | 9.9% | +5.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 9.9% is below the median for high income countries, which is 13.9%, 71% of the median. (70 countries reporting)
- Faroe Islands's 9.9% is below the median for Europe & Central Asia, which is 15.2%, 65% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.6% | 3.1% | 11.3% | 5 |
| 2010s | 12.3% | 9.3% | 17.4% | 4 |
Countries ranked near Faroe Islands
More work & labour data for Faroe Islands
- Population - Est. & Proj. — Total Population - Female 31.19 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.2458 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.2271 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.8079 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.9506 % change on previous year (2050)
- 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 - 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)
Frequently asked questions
- What is unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands?
- Unemployment, youth total (% of total labor force ages 15-24) in Faroe Islands was 9.9% in 2013, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest unemployment, youth total (% of total labor force ages 15-24) recorded in Faroe Islands?
- The highest recorded value was 17.4% in 2010.
- What is the lowest unemployment, youth total (% of total labor force ages 15-24) recorded in Faroe Islands?
- The lowest recorded value was 3.1% in 2007.
- How does Faroe Islands rank for unemployment, youth total (% of total labor force ages 15-24)?
- Faroe Islands ranks 109th out of 160 countries with data for 2013.
- Is unemployment, youth total (% of total labor force ages 15-24) rising or falling in Faroe Islands?
- Over the last ten years it is up 2.3%. 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, youth total (% of total labor force ages 15-24) (national estimate). Statizoid updates them automatically from the source API.
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About this data
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Definitions of labor force and unemployment differ by country.