Faroe Islands's gdp rose from US$901M in 1995 to US$4.05B in 2024.
Faroe Islands · Economy
Output, growth, prices, productivity and external balance.
27 indicators · 19 with data
Faroe Islands's gdp (ppp) rose from intl $2B in 2008 to intl $4.49B in 2024.
Faroe Islands's gdp per capita rose from US$20.7k in 1995 to US$74.2k in 2024.
Faroe Islands's gdp per capita (ppp) rose from intl $41.2k in 2008 to intl $82.1k in 2024.
Faroe Islands's real gdp rose from US$2.17B in 2008 to US$3.24B in 2024.
Faroe Islands's gdp growth rose from -4.6 % in 2009 to 0.8 % in 2024.
Faroe Islands's gdp per capita growth rose from -5.0 % in 2009 to 0.4 % in 2024.
Latest values — expand for the charts.
- Inflation, GDP deflatordown −0.9 pts155th of 200
Latest values — expand for the charts.
- Exchange ratedown −4.0 %92nd of 185
Latest values — expand for the charts.
- Current accountup +1.6 pts25th of 192*
- Remittancesup +0.0 pts44th of 181*
Latest values — expand for the charts.
- Investmentdown −3.2 pts44th of 185
- Household consumption (% of GDP)up +0.0 pts158th of 168
- Gross savings (% of GDP)up +5.4 pts47th of 177*
Latest values — expand for the charts.
- Agriculture sharedown −1.7 pts47th of 187
- Industry sharedown −1.5 pts133rd of 189
- Manufacturing sharedown −1.9 pts103rd of 178
- Services shareup +2.2 pts110th of 189
- Resource rentsunchanged +0.0 pts180th of 197
›No data available (8)
These indicators exist in the registry but no source reports a value for Faroe Islands.
- Industrial production indexNo data
- InflationNo data
- Policy rateNo data
- Lending interest rateNo data
- REERNo data
- Broad money (% of GDP)No data
- FDI inflowsNo data
- ProductivityNo data