BlueEDU-Faroe-Production
Fish farming in Faroe Islands
In the Faroe Islands the main produced species is Atlantic Salmon and Rainbow Trout.
Production in tonnes (2017): 86 830 tonnes (whole) and 71 172tonnes (gutted).
Production value 2017: 3.868 million DKK = 518 500 400 Euro
Export 2017:
| Species: | Salmon: | Rainbow Trout: |
| In Tonnes: | 62 310 | 40 |
| Value in DKK | 3,867,655.8 | 3,980.3 |
In 2017 the average amount of employees in the fish farming industry calculated by the OECD method was 1170.
The Faroe Islands is a small island group located north of Scotland and about 600 km vest of Bergen city in Norway. The island populates close to 50 000 people and is an autonomous country within the kingdom of Denmark. They have the right to govern independently several areas of their politic. This include conservation and management of living marine resources within the 200-mile fisheries zone, protection of the marine environment, sub-surface resources, trade, fiscal and industrial relations, transport, communications, culture, education and research (Faroe, 2018).
Faroese fish products is a major economical factor, it represents 20% of the country’s total GDP and 95% of merchandise exports.

Figure 1: Main fisheries and farmed fish in percent of total tonnes 2001-2006
Government
The ministry of Trade and Industry is the government authority responsible for the public administration of fish farming in the Faroe Islands. Environmental impact is one of the key factors taken into consideration when deciding upon licenses to farm fish. Every fjord and bay in the country that is suited for fish farming is applied for farming. At the Faroe Islands only one company may farm fish in one fjord. This is done in order to reduce risk of contamination and to make sure that every company is responsible for their fjord. There is continuous evaluation of the environmental footprint of the farming.
Licenses for fish farming are only issued when minimum requirements have been met to prevent negative environmental impact, ensure responsible working conditions, and maintain the required high standards for animal welfare and hygiene. (Faroe,2018)
Companies
In the Faroes there are three major fish farming companies:
- Hiddenfjord 15% of the total production
- Marine Harvest 17% of the total production
- Bakkafrost 68% of the total production
The labour force in The Faroe Islands in 2017 age 15-74 years are 29,908
The unemployment rate is 2.4.




