Patreksfjordur is one of the communities of Vesturbyggd, where the main trades are fishing and fish processing. The hamlet is also a commercial centre for the region. The vicinity offers a variety of interesting places to explore.  Hiking and mountain climbing are popular. The sheer beauty of the region attracts many tourists and tourism plays an increasing role. Tours are on offer to the cliff Latrabjarg, Europe's westernmost point. Some 25 km to the west, at the farm Hnjotur, there is an unique privately operated aeronautical and folk museum. The late farmer there and curatior, collected artefacts and memoriabilia during his lifetime, especially connected to the Icelandic aeronautical history.  To crown his efforts, one of the items in the museum's possession, is an old Russian Antonov biplane in prime condition.

The distance from Reykjavik is 422 km by the Whale Bay tunnel.

Talknafjordur 16 km <Patreksfjordur> Bildudalur 28 km Flokalundur 61 km.
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