| Competition: | Faroe Islands Premier League Football |
| Season: | 1992 |
| Winners: | HB |
| Relegated: | NSÍ |
| League Topscorer: | Símun Petur Justinussen (14 goals) |
| Biggest Home Win: | KÍ 6–0 GÍ |
| Biggest Away Win: | B36 0–3 KÍ B68 1–4 GÍ Gøta HB 0–3 B71 NSÍ 0–3 HB SÍF 1–4 TB TB 0–3 B68 TB 0–3 GÍ |
| Highest Scoring: | HB 6–3 SÍF |
| Matches: | 90 |
| Total Goals: | 278 |
| Prevseason: | 1991 |
| Nextseason: | 1993 |
Statistics of 1. deild in the 1992 season.
It was contested by 10 teams, and B68 Toftir won the championship.
The schedule consisted of a total of 18 games. Each team played two games against every opponent in no particular order. One of the games was at home and one was away.
Source: faroesoccer.com
Símun Petur Justinussen (GÍ) Øssur Hansen (B68) Olgar Danielsen (KÍ) Jens Kristian Hansen (B36) Gunnar Mohr (HB)