• The wage statistics are based on wages in cash paid by an employer to an employee.
• Wages are A-taxed wages (taxes are deducted directly from income) paid through the pay-as-you-earn (PAYE) tax system from employers that are economically active in the Faroe Islands.
• Wages count for each employer. Thus if a person has three different employers they receive three wages. Multiple wages from the same employer are grouped together into one. 
• The region refers to the employee's region of residence

Other definitions:

• Average: The average of wages paid. The average is calculated by dividing the sum of total wages paid by the number of wage recipients. The number of hours worked is not accounted for. 
• Median: The wage that divides the employees' wages into two equal groups, with half of the wages paid being higher and the other half lower than the median wage. The number of hours worked is not accounted for. 
• Institutional sector: Institutional sector: The sorting of institutional entities by economic activity. The economic activity is determined by whether the goods and services produced are for the market, whether the ownership is public or private, as well as the type of production. The definitions and terms used are based on the guidelines provided in the 'System of National Accounts' (SNA) by the United Nations and the 'European System of Accounts' (ESA) by Eurostat. In the wage and employment statistics the institutional sectors are grouped differently than normal. Non-financial corporations, financial corporations, households and organizations are grouped together and divided by whether the ownership is public, private or foreign. Public administration and services is unchanged and is divided in to central government, state government, local government and social security funds. When wages are depicted and described, the institutional sector is often divided by whether the employers are under public or private control.  
  • "Under public control" includes "General government" + "Public corporations" 
  • "Under private control" includes "National Private corporations" + "Foreign controlled corporations"
• Main activity: Main activity is attached to the employer that pays the wage. An employer is grouped in to the main activity in which he has the largest activity. A person may have several employers, and the employer from which the most wage is paid is set to be the person's main activity of work. Main activity is not necessarily the actual economic activity of the work done for the wages paid as an employer may cover several economic activities. Main activity is based on the international statistical classification of economic activities NACE rev. 2. The first and second level are directly comparable. The third level opens up a few subgroups in order to best portray the national economy. On the third level there are 93 economic activities. 

See also Wages (Pay as you earn).