GDP growth in the Faroe Islands in 2024 — 0.84%. Ranked 170 in the world out of 200. Since 2009, the indicator has risen by 5.4 pp.
2009–2024 · % per year
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | % | Change, pp |
|---|---|---|
| 2024 | 0.84 | −2.32 pp |
| 2023 | 3.16 | −0.7 pp |
| 2022 | 3.86 | −1.21 pp |
| 2021 | 5.07 | +6.7 pp |
| 2020 | -1.64 | −6.18 pp |
| 2019 | 4.54 | +1.77 pp |
| 2018 | 2.76 | −0.75 pp |
| 2017 | 3.51 | +2.13 pp |
| 2016 | 1.39 | +0.43 pp |
| 2015 | 0.96 | −4.47 pp |
| 2014 | 5.43 | −0.42 pp |
| 2013 | 5.86 | −1.23 pp |
| 2012 | 7.08 | +3.52 pp |
| 2011 | 3.57 | +3.95 pp |
| 2010 | -0.38 | +4.17 pp |
| 2009 | -4.55 | — |
The same indicator for neighboring countries — with links to their pages
The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.
Source: World Development Indicators (World Bank), license CC BY 4.0.
