This chart compares indexed wage growth between the public and private sectors in the Faroe Islands.
- Teal line: Public sector wage index
- Yellow line: Private sector wage index
Red shaded areas: Highlight important economic events:
- Dot-com crash of 2000
- Great Financial Crisis of 2009
- COVID-19 pandemic of 2020
Note: Includes all employees regardless of full or part-time status. Data reflects total wages paid within each sector.
Wage Growth
Indexed wages of public and private sector.