Quality of life comparison

compared to

If you lived in Finland instead of Faroe Islands, you would:

Economy

make 19.6% less money

Faroe Islands has a GDP per capita of $71,500 as of 2022, while in Finland, the GDP per capita is $57,500 as of 2023.

be 3.3 times more likely to be unemployed

In Faroe Islands, 2.2% of adults are unemployed as of 2017. In Finland, that number is 7.2% as of 2023.

be 22.0% more likely to live below the poverty line

In Faroe Islands, 10.0% live below the poverty line as of 2015. In Finland, however, that number is 12.2% as of 2022.

Life

be 64.4% less likely to die during infancy

In Faroe Islands, approximately 6.0 children (per 1,000 live births) die before they reach the age of one as of 2022. In Finland, on the other hand, 2.1 children do as of 2022.

have 31.5% fewer children

In Faroe Islands, there are approximately 14.9 babies per 1,000 people as of 2024. In Finland, there are 10.2 babies per 1,000 people as of 2024.

Expenditures

spend 22.4% less on education

Faroe Islands spends 7.6% of its total GDP on education as of 2019. Finland spends 5.9% of total GDP on education as of 2020.

Geography

see 11.9% more coastline

Faroe Islands has a total of 1,117 km of coastline. In Finland, that number is 1,250 km.

The statistics above were calculated using the following data sources: The World Factbook.

Finland: At a glance

Finland is a sovereign country in Europe, with a total land area of approximately 303,815 sq km. Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, it successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the European Union since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.
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How big is Finland compared to Faroe Islands? See an in-depth size comparison.

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