This chart presents the indexed average wages and house prices in the Faroe Islands.
- Blue line: wage index
- Green line: house price index
- Red line: house price to salary ratio
Red shaded areas: Highlight important economic events:
- Recession of 1990s
- Dot-com crash of 2000
- Great Financial Crisis of 2009
- COVID-19 pandemic of 2020
Note: Salary data is full-time employees earning throughout all 12 months.
Housing Affordability for Full-Time Employees
Indexed wages and house prices with affordability ratio over time.