The Faroe Islanders are a seafaring people and the maritime expertise of the Faroese is widely renowned.
Over the centuries, the Faroese have developed the skills necessary to make the most of the valuable resources of the North Atlantic, and the Faroe Islands export seafood to all six continents.
The marine eco-systems around the Faroe Islands are highly productive with a diverse abundance of marine species. A variety of fish stocks are utilised in Faroese waters, as well as from international waters and in other nations zones through fisheries agreements. The clean, temperate oceanic waters and strong currents in the fjords around the Faroe Islands are ideal for fish farming and premium Salmon production. Many Faroese fish products have become renowned for their high quality, such as Faroese Cod, Langoustines and farmed Salmon.
The Faroese economy is ranked amongst the highest in the world based on GDP per capita.
The Faroese business sector is gradually becoming more and more diversified. Important and promising industries include financial services, petroleum related businesses, shipping, maritime services, civil aviation, IT and telecommunications, tourism and creative industries. Some are already well established, while others are up-and-coming.
Read more about the faroese economy and industry here.
