Faroe Islands Labor Force Participation Rate 2024: 27,540
Faroe Islands's labor force participation rate in 2024 is 27,540, unchanged from 2023. It ranks #48 of 197 countries.
Labor force participation rate measures the active workforce in each country. Explore rankings, compare nations, and view historical trends.
Labor Force Participation Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2024 | 27.54K | 0 | 0.00% | |
| 2023 | 27.54K | 0 | 0.00% | |
| 2022 | 27.54K | 0 | 0.00% | |
| 2021 | 27.54K | 0 | 0.00% | |
| 2020 | 27.54K | 0 | 0.00% | |
| 2019 | 27.54K | 0 | 0.00% | |
| 2018 | 27.54K | 1.36K | -4.71% | |
| 2017 | 28.90K | +3.90K | +15.60% | |
| 2016 | 25.00K | 9.71K | -27.97% | |
| 2015 | 34.71K | 0 | 0.00% | |
| 2014 | 34.71K | 0 | 0.00% | |
| 2013 | 34.71K | 0 | 0.00% | |
| 2012 | 34.71K | +30 | +0.09% | |
| 2011 | 34.68K | 0 | 0.00% | |
| 2010 | 34.68K | +10.43K | +43.01% | |
| 2009 | 24.25K | 0 | 0.00% | |
| 2008 | 24.25K | 0 | 0.00% | |
| 2007 | 24.25K | 0 | 0.00% | |
| 2006 | 24.25K | 0 | 0.00% | |
| 2005 | 24.25K | 0 | 0.00% | |
| 2004 | 24.25K | 0 | 0.00% | |
| 2003 | 24.25K | 0 | 0.00% | |
| 2002 | 24.25K | 0 | 0.00% | |
| 2001 | 24.25K | +3.75K | +18.29% | |
| 2000 | 20.50K | +155 | +0.76% | |
| 1999 | 20.34K | — | — | |
| 1998 | — | — | — | |
| 1997 | — | — | — | |
| 1996 | 17.59K | 0 | 0.00% | |
| 1995 | 17.59K | 0 | 0.00% | |
| 1994 | 17.59K | 0 | 0.00% | |
| 1993 | 17.59K | 0 | 0.00% | |
| 1992 | 17.59K | 0 | 0.00% | |
| 1991 | 17.59K | 0 | 0.00% | |
| 1990 | 17.59K | — | — |
Frequently Asked Questions About Faroe Islands Labor Force Participation Rate
What is Faroe Islands's labor force participation rate in 2024?▾
Faroe Islands's labor force participation rate is 27,540 in 2024, according to CIA World Factbook.
Is Faroe Islands's labor force participation rate increasing or decreasing?▾
Faroe Islands's labor force participation rate was essentially unchanged from 2023 (27,540) to 2024 (27,540). Over the past decade (2014–2024) it fell by 20.7%.
How does Faroe Islands rank for labor force participation rate?▾
In 2024, Faroe Islands has the 48th highest labor force participation rate out of 197 countries with data.
What was Faroe Islands's labor force participation rate in 1990?▾
In 1990, Faroe Islands's labor force participation rate was 17,585. By 2024 it rose by 56.6%.
Explore additional statistical insights
Currently married (Percent) in Faroe Islands
The percentage of currently married individuals by country highlights societal trends in family structure and relationships. Understanding these statistics can provide insights into cultural norms and demographic shifts, influencing policies and social programs.
Gross Domestic Product (GDP) by Country in Current US Dollars in Faroe Islands
Discover the Gross Domestic Product (GDP) by country in current US dollars, a key indicator of economic performance. This statistic reveals the financial health and growth potential of nations, making it essential for investors and policymakers.
Life expectancy at birth in Faroe Islands
Life expectancy at birth measures the average years a newborn is expected to live, reflecting a country's health standards and quality of life. This vital statistic highlights disparities in healthcare and living conditions across nations, making it essential for global health assessments.
Median age of population in Faroe Islands
The median age of a population is a key demographic indicator, reflecting the age distribution within a country. Understanding median age helps assess economic development, healthcare needs, and social dynamics. Countries with a higher median age may face challenges related to aging populations, while younger populations often indicate growth potential.
Percentage of land area by degree of urbanization in Faroe Islands
Explore the percentage of land area by degree of urbanization, highlighting how urban development shapes countries' landscapes and influences economic growth. Understanding this statistic reveals the balance between urban and rural spaces, essential for sustainable planning.
Population Change in Faroe Islands
This statistic measures population change across countries, highlighting shifts in demographics. Understanding these changes is crucial for planning resources, economic growth, and social services.