GDP in the Faroe Islands in 2024 — 4,052,937,170 US$. Ranked 168 in the world out of 200. Since 1965, the indicator has risen by 6,893.3%.
1965–2024 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 4.05B | +110M | +2.78% |
| 2023 | 3.94B | +328M | +9.07% |
| 2022 | 3.62B | −84.31M | −2.28% |
| 2021 | 3.7B | +428M | +13.07% |
| 2020 | 3.27B | +5.38M | +0.16% |
| 2019 | 3.27B | +77.83M | +2.44% |
| 2018 | 3.19B | +209M | +7% |
| 2017 | 2.98B | +167M | +5.93% |
| 2016 | 2.81B | +239M | +9.3% |
| 2015 | 2.57B | −340M | −11.67% |
| 2014 | 2.91B | +224M | +8.32% |
| 2013 | 2.69B | +263M | +10.83% |
| 2012 | 2.43B | −78.54M | −3.13% |
| 2011 | 2.51B | +174M | +7.46% |
| 2010 | 2.33B | +35.73M | +1.56% |
| 2009 | 2.3B | −194M | −7.78% |
| 2008 | 2.49B | +151M | +6.45% |
| 2007 | 2.34B | +321M | +15.93% |
| 2006 | 2.02B | +258M | +14.66% |
| 2005 | 1.76B | +34.97M | +2.03% |
| 2004 | 1.72B | +223M | +14.84% |
| 2003 | 1.5B | +227M | +17.79% |
| 2002 | 1.28B | +115M | +9.9% |
| 2001 | 1.16B | +93.16M | +8.73% |
| 2000 | 1.07B | −60.58M | −5.37% |
| 1999 | 1.13B | +22.94M | +2.08% |
| 1998 | 1.1B | +171M | +18.31% |
| 1997 | 934M | −55.77M | −5.64% |
| 1996 | 990M | +88.13M | +9.78% |
| 1995 | 901M | +143M | +18.8% |
| 1994 | 759M | −2.22M | −0.29% |
| 1993 | 761M | −152M | −16.62% |
| 1992 | 913M | +3.42M | +0.38% |
| 1991 | 909M | −51.55M | −5.37% |
| 1990 | 961M | +88.87M | +10.19% |
| 1989 | 872M | −96.64M | −9.98% |
| 1988 | 969M | +82.07M | +9.26% |
| 1987 | 887M | +198M | +28.68% |
| 1986 | 689M | +230M | +49.99% |
| 1985 | 459M | +33.3M | +7.82% |
| 1984 | 426M | −60.6M | −12.45% |
| 1983 | 487M | +42.56M | +9.58% |
| 1982 | 444M | −12.2M | −2.67% |
| 1981 | 456M | −36.77M | −7.46% |
| 1980 | 493M | +44.45M | +9.91% |
| 1979 | 449M | +50.74M | +12.75% |
| 1978 | 398M | +50.03M | +14.39% |
| 1977 | 348M | +77.33M | +28.59% |
| 1976 | 270M | +43.07M | +18.94% |
| 1975 | 227M | +30.63M | +15.57% |
| 1974 | 197M | +35.53M | +22.04% |
| 1973 | 161M | +41.9M | +35.11% |
| 1972 | 119M | +20.12M | +20.28% |
| 1971 | 99.22M | +14.29M | +16.82% |
| 1970 | 84.93M | +14.83M | +21.15% |
| 1969 | 70.11M | +4.92M | +7.55% |
| 1968 | 65.19M | −1.04M | −1.57% |
| 1967 | 66.23M | +1.83M | +2.84% |
| 1966 | 64.4M | +6.44M | +11.12% |
| 1965 | 57.95M | — | — |
The same indicator for neighboring countries — with links to their pages
Gross domestic product is the sum of gross value added by all resident producers, plus taxes on products and minus subsidies, in current prices and converted into US dollars at the official exchange rate. GDP in current dollars is convenient for comparing the size of economies in a given year, but it is poorly suited to trends over time: it is moved both by inflation and by exchange rate swings.
Important: For comparing trends over time there is GDP growth in constant prices, and for comparing living standards, GDP per capita at PPP.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The size of the economy in 2015 prices — the series on which real growth is visible rather than inflation.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP at purchasing power parityThe size of the economy in international dollars — adjusted for price differences between countries.
