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Country profile

Faroe Islands

Europe & Central Asia · High income · Capital: Torshavn

Compare with… Download data (CSV)

Key figures, 2024

FDI inflows 2024

—

No data

Inflows % of GDP

—

No data

FDI outflows

—

No data

Net FDI

—

Needs both flows

FDI % of investment

—

No GFCF data

No recent FDI flow data

The World Bank does not publish FDI net inflows for Faroe Islands. Other sections below may still have data.

Trends

FDI flows over time

No FDI flow series available

No FDI-to-GDP series

GDP or FDI data are not published for Faroe Islands.

External financing mix not available

Remittance, aid and portfolio-equity series are too sparse for Faroe Islands to chart alongside FDI.

Economy at a glance

The economy behind the investment

The macroeconomic, trade and workforce indicators investors and trade officials look at alongside FDI — latest year, 15-year trend and regional and world benchmarks.

Size & growth

GDP

$4.1 bn2024

168th of 200

Real GDP growth

0.8%2024

170th of 200Region 1.6%World 2.9%

GDP per capita

$74,1752024

13th of 200Region $31,631World $13,717

GNI per capita (PPP)

$83,4802024

13th of 195Region $52,313World $24,335

Population

55 k2025

202nd of 217

Population growth

0.5%2025

140th of 217Region 0.4%World 0.9%

Macro stability

Current account balance, % of GDP

7.8%2011

22nd of 187

Trade & structure

Exports of goods & services

$2.2 bn2024

143rd of 171

Imports of goods & services

$2.1 bn2024

151st of 171

Trade openness (% of GDP)

106%2024

54th of 172Region 82.8%World 56.7%

Manufacturing, % of GDP

9.5%2024

104th of 178Region 13.6%World 14.9%

Services, % of GDP

53.8%2024

110th of 189Region 65.4%World 63.3%

High-tech exports, % of manufactured exports

0.6%2009

114th of 131Region 17.0%World 20.7%

Workforce & innovation

R&D expenditure, % of GDP

0.8%2003

—

31st of 93Region 1.7%World 2.0%

Internet users, % of population

97.6%2017

5th of 200Region 74.5%World 46.3%

Source: World Bank, World Development Indicators. Latest available year shown for each indicator; ranks are among economies reporting that year (highest = 1st). Region = World Bank regional aggregate. Growth, inflation, unemployment, the current account and government debt are shown in the IMF table above where the IMF covers the economy.

Who invests

Source and destination economies

Direct investment positions (stocks) by immediate counterpart economy, as reported to the OECD.

Explore bilateral data

No bilateral positions for this economy

Bilateral FDI positions are available for OECD-reporting economies. See who invests where to explore partners of reporting economies, which include many investors in Faroe Islands.
Investment relationship with AustraliaTwo-way direct investment between Australia and Faroe Islands, from ABS and OECD data.

Structure & policy

Sectors and FDI openness

Inward FDI positions by sector

No sector breakdown

Positions by industry are published for OECD-reporting economies only, and not every reporter releases a full breakdown.

FDI Regulatory Restrictiveness

Index

Not covered by the index

The OECD FDI Regulatory Restrictiveness Index covers OECD members and around 30 other economies. See covered economies.

Peers

Similar-sized economies in Europe & Central Asia

The six economies in the same World Bank region with the closest GDP, ranked by FDI inflows as a share of GDP (2024).

Compare over time
  1. 🇲🇪Montenegro7.2%
  2. 🇦🇩Andorra6.6%
  3. 🇸🇲San Marino(2023)−0.9%
  4. 🇱🇮Liechtenstein(2018)−1303.1%

Sources & notes

World Bank, World Development Indicators

  • FDI net inflows — BX.KLT.DINV.CD.WD
  • FDI net outflows — BM.KLT.DINV.CD.WD
  • FDI net inflows, % of GDP — BX.KLT.DINV.WD.GD.ZS
  • Gross fixed capital formation — NE.GDI.FTOT.CD
  • Personal remittances received — BX.TRF.PWKR.CD.DT
  • Net official development assistance received — DT.ODA.ODAT.CD
  • Portfolio equity net inflows — BX.PEF.TOTL.CD.WD
  • Real GDP growth — NY.GDP.MKTP.KD.ZG
  • Inflation (annual average) — FP.CPI.TOTL.ZG
  • Unemployment rate — SL.UEM.TOTL.ZS
  • Current account balance, % of GDP — BN.CAB.XOKA.GD.ZS
  • Exports of goods & services — NE.EXP.GNFS.CD
  • Central government debt, % of GDP — GC.DOD.TOTL.GD.ZS

OECD: FDI statistics by partner economy and by industry (Benchmark Definition, 4th edition) and the FDI Regulatory Restrictiveness Index.

Flows vs positions. Charts on this page show annual balance-of-payments flows. Bilateral and sector figures are positions (accumulated stocks) and are not directly comparable.

Negative values. Net flows can be negative when foreign investors withdraw capital or intra-company loans are repaid faster than new investment arrives.

Timing. Headline figures use 2024, the latest year with broad coverage across economies; charts also show any newer early estimates. Rankings cover economies only, not aggregates.

Counterparts. Bilateral data record the immediate counterpart, so financial centres and conduit economies can appear larger than the ultimate investors behind them.

WDI data updated 2026-07-13Sources & methods