The village bears its name from the beautiful 200 metre long gorge that the villagers have used as a natural harbour and landing ground for their boats for centuries. There are stairs all the way down into the gorge.
You will have a good view of the sheer westside of Kalsoy island when in Gjógv. The valley Ambadalur is situated in a northeastern direction from Gjógv. It takes roughly a one-hour hike to reach the valley where you will see the large sea stack Búgvin.