Key Facts: Sweden vs Faroe Islands Wages
- Sweden Minimum Wage
- No statutory minimum wage
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Sweden Avg. Gross Monthly Salary
- kr40,000 /mo ($4,317.74 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Medlingsinstitutet (Swedish National Mediation Office) (2026-02-24), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Sweden 
Faroe Islands
Updated 2026-05-04
Neither Sweden nor Faroe Islands has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average salaries are lower in Sweden at $4,318/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Sweden | Faroe Islands |
|---|---|---|
| Avg. gross salary /mo | kr40,000 /mo $4,317.74 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | kr30,000 /mo $3,238.31 | N/A/mo |
| Median individual income /yr | kr367,000 /yr $39,615.29 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Sweden is higher.
Work Week
- Sweden
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/week.
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Sweden
Compare Sweden with...
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Sweden vs United Kingdom £ 12.71 /hr 
Sweden vs India ₹ 4,576 /mo 
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Sweden vs France € 12.02 /hr 
Sweden vs South Korea ₩ 10,320 /hr 
Sweden vs Canada C$ 18.1 /hr 
Sweden vs Australia A$ 24.95 /hr 
Sweden vs Brazil R$ 7.37 /hr 
Sweden vs Russia ₽ 156.31 /hr 
Sweden vs Mexico MX$ 9,583.52 /mo 
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Sweden vs Saudi Arabia ﷼ 23.08 /hr 
Sweden vs Turkey ₺ 164.94 /hr 
Sweden vs Taiwan NT$ 190 /hr 
Sweden vs Switzerland 
Sweden vs Poland zł 31.4 /hr 
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Sweden vs Norway Frequently Asked Questions
How much less does the average worker earn in Sweden compared to Faroe Islands?
The average gross salary in Sweden is kr40,000/mo ($4,317.74 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Sweden earn approximately 24% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Sweden and Faroe Islands 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 Sweden.
How do work hours compare between Sweden and Faroe Islands?
Both Sweden and Faroe Islands 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.