Faroe Islands: {Føroyar}

Farmed salmon represents half of Faroe Islands’ export value

Aquaculture as Faroe Islands’ economic backbone

One the most important sectors of the Faroese economy is aquaculture. Fishing has been the main source of income for the Faroe Islands since the late 19th century. Fish and fish products represent between 90 and 95 percent of total export value, and around 20 percent of the GDP. Farmed salmon is a vital part of the Faroese economy, representing half of the country’s export value and providing valuable jobs for communities around the islands.