Employees
13. Jul 2021
27,500 employees in June – an increase of 1,000 over the past year
The trend indicates that while the number of employees continues to grow, this growth has slowed down significantly and has almost stagnated in the past few months.
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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.
The difference between the sexes is shrinking
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 June, there were approx. 14,100 male and 13,400 female employees.
The trend indicates that while the growth in the number of male employees is on a slight decrease, the increase in female employees is continuing. The difference in the number of male and female employees, which has been increasing in recent years, is now shrinking again.
The two graphs and the table below show the employee figures and the trends in the four main industrial sectors.
The trend indicates that the ‘governmental and other services’ sector has seen a steady increase in employees over the past year, while the ‘private services’ sector has been on a slight decline. The number of employees in the ‘construction and other manufacturing’ sector is now declining after a period of steady increase since 2014.
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Industrial sectors
The two graphs and the table below show the employee figures and the trends in the four main industrial sectors.
The trend indicates that the ‘governmental and other services’ sector has seen a steady increase in employees over the past year, while the ‘private services’ sector has been on a slight decline. The number of employees in the ‘construction and other manufacturing’ sector is now declining after a period of steady increase since 2014.
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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.