13. Apr 2021
27,400 employees in March

There were 27,400 employees in March 2021 – an increase of 520 (1.9%) since March 2020.

The trend indicates that while the number of employees is continuing to grow, this growth has slowed down significantly and has almost stagnated in the past few months.


It is now possible to embed interactive graphs such as the one above in your own website.

By hovering the marker over a certain point on the graph, you can see the population figure for that particular month. By adjusting the timeline at the bottom of the graph, you can also extend the period – back to 1985 for this particular graph.

To embed the graph in your own website, click the menu button in the top right corner. Click ‘Embed graph in website’, then click ‘Copy code’ and paste the code in your website.

Increase in female employees

The graph below shows the employee numbers for each sex. The semi-transparent lines show the employee numbers, while the solid lines show the trend.

In March, there were approx. 14,100 male employees (an increase of 140 compared to March 2020) and 13,300 female employees (380 more than in March 2020).

The trend indicates that while the growth in the number of male employees has stagnated, the growth in female employees is continuing..


The graphs below show the monthly employee figures (semi-transparent lines) and the trends (solid lines) in the four main industrial sectors.

The ‘governmental and other services’ sector has seen an increase in employees. The employee growth in the ‘private services’ sector has been negligible in the past year, and the trend indicates a slight decrease in this sector. The number of employees in the ‘construction and other manufacturing’ sector is now declining after a period of steady increase since 2014.



Compared to March 2020, the employee number increased by 3.6% in the ‘fishery and other natural resources’ sector, by 3.0% in the ‘governmental and other services’ sector and by 1.6% in the ‘private services’ sector, while the number dropped by 1.3% in the ‘construction and other manufacturing’ sector.



About employees

An employee is anyone aged between 16 and 74 who earns a wage that is subject to tax at source (PAYE) and resides in the Faroe Islands at the time of wage payment. A person is regarded as an employee if he or she receives a wage payment which is no lower than a day wage for an unskilled worker, regardless of whether the wage is paid by a Faroese or an overseas company.

About the trend

The trend describes the employee trend by adjusting for seasonal effects and error components in the figures.

About the main industrial sectors

Grouped under the ‘fishery and other natural resources’ sector are the following branches: agriculture, fishing, aquaculture, extraction of raw materials, fish processing and activities not elsewhere indicated.

The ‘construction and other manufacturing’ sector includes: shipyards/machine shops, other manufacturing, construction and energy.

The ‘private services’ sector includes: trade and repair, hotels and restaurants, sea transport, other transport, communications, finance and insurance, business services. household services and organisations, culture, etc.

‘Governmental and other services’ includes: public administration and services (central administration, municipalities, education, health and social work), government institutions and the Ministries of Education and Health.

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