Debt not a big issue in the Faroes

02.10.2018 - 15:01
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Debt not a big issue in the Faroes
Private debt in the Faroes is significantly lower than in other Western countries.
 
 

Faroese households and businesses have relatively low debts compared with debt levels in other parts of the Western World.

According to the budget report 2019, a typical Faroese household has a debt that is 55 percent of the GNP. In Denmark and Norway, the average household debt is well above 100 percent of the GNP, while in Iceland it is 75-80 percent.

The Ministry of Finance says these figures reveal a sustainable financial system, based on increased production and income growth, rather than on loans.

Translated by prosa.fo

Nýggjastu sendingar í ÚV
Týsdag 16. oktober
Morgunlestur týsdagur 16.oktober 2018
86022
Mánadag 15. oktober
Við Tórði á túri til roysnissteinar
86442
Mánadag 15. oktober
Síðsta Skríggj 12.oktober 2018
86441
Mánadag 15. oktober
Norðurljóð 15.oktober 2018
86440
Mánadag 15. oktober
Sunnudagstónar 14. oktober 2018
86413
Nýggjastu sendingar í SV
Mánadag 15. oktober
3-2
86447
Sunnudag 14. oktober
Andaktin
86404
Sunnudag 14. oktober
Guðstænasta úr Sandavágs kirkju
86405
Fríggjadag 12. oktober
Lyst 16
86308