Faroe Islands has a population of 0.048 million people, and a land mass of 1396 km2. Life expectancy is 81 years, and with a per capita GDP of USD 0, the country is classified as a low income country. The country's GDP fell in 2016 with 0%, and totaled a nominal value of USD 0 billion.
Faroe Islands is ranked at place n/a in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Faroe Islands is ranked at place n/a, out of 167 countries in total.
Norwegian exports to Faroe Islands in 2016 were NOK 705 million. The same year, Norway imported goods from Faroe Islands at a value of 520 million.