Faroe Islands Hong Kong

Updated 2026-05-04

Faroe Islands

No statutory minimum wage

Avg. Gross Salary

kr34,278 /mo

Hong Kong

Minimum Wage

HK$42.10 /hr

$5.37 USD

Avg. Gross Salary

HK$20,500 /mo

Avg. salary: +104% Faroe Islands vs Hong Kong

Faroe Islands has no statutory minimum wage, while Hong Kong sets a floor of $5/hr. Average gross salaries diverge further: $5,341/mo in Faroe Islands versus $2,616/mo in Hong Kong, a 2.0:1 ratio.

Detailed Comparison

Detailed wage comparison between Faroe Islands and Hong Kong
Metric	Faroe Islands	Hong Kong	Diff
Minimum wage /hr	None	HK$42.10 $5.37	—
Minimum wage /mo	None	HK$7,297 $931.08	—
Minimum wage /yr	None	HK$87,568 $11,173.52	—
Avg. gross salary /mo	kr34,278 /mo $5,341.42	HK$20,500 /mo $2,615.76	+104.2%
Avg. net salary /mo	N/A/mo	HK$19,475 /mo $2,484.98	—
Median individual income /yr	N/A/yr	HK$246,000 /yr $31,389.16	—

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.
Hong Kong: hrs/wk standard

Hong Kong has NO statutory standard working hours or maximum working hours for most employees (a rare situation globally). The government has considered legislation but has not enacted a standard hours law. Working hours are determined by individual employment contracts. Average actual working hours are ~40-44 hrs/week. Overtime pay is not legally mandated except for certain specific occupations.

See this comparison from Hong Kong's perspective: Hong Kong 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 Hong Kong?

In Faroe Islands, the minimum wage is no statutory minimum wage. In Hong Kong, it is HK$42.10/hr ($5.37 USD).

How much more does the average worker earn in Faroe Islands compared to Hong Kong?

The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to HK$20,500/mo ($2,615.76 USD) in Hong Kong. In USD terms, workers in Faroe Islands earn approximately 104% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Hong Kong 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 Hong Kong.