According to Statistics Faroe Islands, 10.1% of the 2016 Faroese population were deemed to live below the poverty line, reports Kvf.fo.
Kringvarp Føroya states that “the first poverty line figures for the Faroes were published in 2009 when 8.8% of the population were deemed to live below the poverty line.”
The equivalised disposable income of an unmarried person with no children in the Faroes was DKK 138,800 in 2016.
The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line; taken as half the median household income of the total population. It is also available by broad age group: child poverty (0-17 years old), working-age poverty and elderly poverty (66 year-olds or more). However, two countries with the same poverty rates may differ in terms of the relative income-level of the poor.