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The Economy and Industry

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.

Contact

P.O.Box 1359
Hoydalsvegur 6
FO - 110 Tórshavn
Tlf. +298 599299
les@les.fo

Useful Links

  • Hello Norden
  • Immigration Office
  • Faroeislands.fo
  • Visit Faroe Islands

About Us

Studyinfaroeislands.fo is a resource on studying in the Faroe Islands for prospective and current international students. Here you’ll find everything you need to know on the Faroese educational system, finding and applying for a programm, scholarships, living as an international student in the Faroe Islands and learning faroese.

Studyinfaroeislands.fo is built and maintained by the Faroese Youth Council (FUR) in cooperation with the Ministry of Culture.

 

 

 

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