GDP in constant prices in the Faroe Islands in 2024 — 3,240,267,282 US$ 2015. Ranked 169 in the world out of 199. Since 2008, the indicator has risen by 49.6%.
2008–2024 · constant 2015 US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ 2015 | Change | Change, % |
|---|---|---|---|
| 2024 | 3.24B | +27.11M | +0.84% |
| 2023 | 3.21B | +98.39M | +3.16% |
| 2022 | 3.11B | +116M | +3.86% |
| 2021 | 3B | +145M | +5.07% |
| 2020 | 2.85B | −47.51M | −1.64% |
| 2019 | 2.9B | +126M | +4.54% |
| 2018 | 2.78B | +74.65M | +2.76% |
| 2017 | 2.7B | +91.65M | +3.51% |
| 2016 | 2.61B | +35.69M | +1.39% |
| 2015 | 2.57B | +24.42M | +0.96% |
| 2014 | 2.55B | +131M | +5.43% |
| 2013 | 2.42B | +134M | +5.86% |
| 2012 | 2.28B | +151M | +7.08% |
| 2011 | 2.13B | +73.46M | +3.57% |
| 2010 | 2.06B | −7.85M | −0.38% |
| 2009 | 2.07B | −98.64M | −4.55% |
| 2008 | 2.17B | — | — |
The same indicator for neighboring countries — with links to their pages
Gross domestic product in constant 2015 prices and at the exchange rate of that same year. Unlike nominal GDP, this series does not grow with inflation or with movements of the exchange rate, so it is the only one on which the size of a country's economy can be compared with its own past. The difference accumulates fast: over thirty years the nominal GDP of most countries grew several times more than the real one, and almost all of that difference is price growth.
Important: Suited to comparing a country with itself over time, but not countries with one another: conversion at the 2015 exchange rate does not account for differences in price levels. For cross-country comparison there is GDP at PPP.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Gross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capita in constant pricesHow much there is per person in 2015 prices — a measure of whether prosperity is growing.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.
Economy GDP at purchasing power parityThe size of the economy in international dollars — adjusted for price differences between countries.
