Key Facts: Faroe Islands vs Greece Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Greece Minimum Wage
- €5.31/hr ($6.18 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Greece Avg. Gross Monthly Salary
- €1,400 /mo ($1,630.37 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Ministry of Labour and Social Security (Υπουργείο Εργασίας και Κοινωνικής Ασφάλισης); 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-04-01) (2026-05-04)
Faroe Islands 
Greece
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while Greece sets a floor of $6/hr. Average gross salaries diverge further: $5,341/mo in Faroe Islands versus $1,630/mo in Greece, a 3.3:1 ratio.
Detailed Comparison
| Metric | Faroe Islands | Greece |
|---|---|---|
| Minimum wage /hr | None | €5.31 $6.18 |
| Minimum wage /mo | None | €920 $1,071.39 |
| Minimum wage /yr | None | €12,880 $14,999.42 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €1,400 /mo $1,630.37 |
| Avg. net salary /mo | N/A/mo | €1,100 /mo $1,281.01 |
| Median individual income /yr | N/A/yr | €12,800 /yr $14,906.25 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Greece
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.2x pay
Standard workweek is 40 hours across 5 days (Labour Law). Overtime beyond 40 hours is compensated at 120% for the first 5 hours per week and 140% thereafter. In 2024, Greece introduced optional 6-day workweek legislation for certain industries, with the 6th day paid at 140%. EU Working Time Directive limits average to 48 hrs/week.
See this comparison from Greece's perspective: Greece vs Faroe Islands
Compare Faroe Islands with...
Faroe Islands vs United States $ 7.25 /hr 
Faroe Islands vs China ¥ 25 /hr 
Faroe Islands vs Germany € 13.9 /hr 
Faroe Islands vs United Kingdom £ 12.71 /hr 
Faroe Islands vs India ₹ 4,576 /mo 
Faroe Islands vs Japan ¥ 1,121 /hr 
Faroe Islands vs France € 12.02 /hr 
Faroe Islands vs South Korea ₩ 10,320 /hr 
Faroe Islands vs Canada C$ 18.1 /hr 
Faroe Islands vs Australia A$ 24.95 /hr 
Faroe Islands vs Brazil R$ 7.37 /hr 
Faroe Islands vs Russia ₽ 156.31 /hr 
Faroe Islands vs Mexico MX$ 9,583.52 /mo 
Faroe Islands vs Netherlands € 14.71 /hr 
Faroe Islands vs Saudi Arabia ﷼ 23.08 /hr 
Faroe Islands vs Turkey ₺ 164.94 /hr 
Faroe Islands vs Switzerland 
Faroe Islands vs Poland zł 31.4 /hr 
Faroe Islands vs Sweden 
Faroe Islands vs Singapore 
Faroe Islands vs Norway 
Faroe Islands vs Austria 
Faroe Islands vs Denmark 
Faroe Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
Is the minimum wage higher in Faroe Islands or Greece?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Greece, it is €5.31/hr ($6.18 USD).
How much more does the average worker earn in Faroe Islands compared to Greece?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €1,400/mo ($1,630.37 USD) in Greece. In USD terms, workers in Faroe Islands earn approximately 228% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Greece is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Faroe Islands earn more in nominal terms, though how far that income stretches depends on local prices in Greece.
How do work hours compare between Faroe Islands and Greece?
Both Faroe Islands and Greece mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.