Population growth slows in Faroe Islands as natural surplus and migration decline

Population growth in the Faroe Islands continues, but the rate is decreasing each year, according to statistics from Hagstovan.

From July 1 last year to July 1 this year, the population increased by 333 people, representing a mere 0.6% growth. As of July 1, the total population stands at 54,815.

This figure is nearly 200 people fewer than the previous reporting period, during which the growth rate was 1%.

The most significant change was observed in net migration, which has dropped to half of its previous level.

The increase in population over the past year is attributed to a natural surplus of 144 individuals and net migration of 189 people.

Compared to the period from July 1, 2022, to July 1, 2023, net migration saw a significant decline, primarily due to fewer people moving to the Faroe Islands.

The natural surplus also decreased, with the current figure at 144, down from 184 in the preceding period.

The main reason behind this decline is the reduced number of births in the region.