The Faroe Islands’ economy is centered on fishing, aquaculture, and tourism. The government prioritizes sustainable fisheries management and renewable energy. Regulatory frameworks are well-established and support a business-friendly environment. Society enjoys a high standard of living, with a focus on sustainability and community cohesion. Education and healthcare systems are robust, benefiting from Denmark’s support. Climate change, including warming seas, poses risks to fisheries but also presents new opportunities for aquaculture.
