GDP at purchasing power parity in the Faroe Islands in 2024 — 4,485,358,437 int$. Ranked 175 in the world out of 195. Since 2008, the indicator has risen by 124.5%.
2008–2024 · international $
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | int$ | Change | Change, % |
|---|---|---|---|
| 2024 | 4.49B | +145M | +3.35% |
| 2023 | 4.34B | +283M | +6.98% |
| 2022 | 4.06B | +410M | +11.25% |
| 2021 | 3.65B | +406M | +12.53% |
| 2020 | 3.24B | +18M | +0.56% |
| 2019 | 3.22B | +217M | +7.23% |
| 2018 | 3.01B | +174M | +6.16% |
| 2017 | 2.83B | +144M | +5.37% |
| 2016 | 2.69B | +61.69M | +2.35% |
| 2015 | 2.63B | +48.82M | +1.89% |
| 2014 | 2.58B | +175M | +7.27% |
| 2013 | 2.4B | +171M | +7.66% |
| 2012 | 2.23B | +186M | +9.08% |
| 2011 | 2.05B | +110M | +5.7% |
| 2010 | 1.93B | +15.94M | +0.83% |
| 2009 | 1.92B | −79.22M | −3.96% |
| 2008 | 2B | — | — |
The same indicator for neighboring countries — with links to their pages
GDP converted at purchasing power parity into international dollars: one international dollar buys as much inside the country as one US dollar buys in the United States. The conversion removes the distortion from exchange rates and price levels, which is why developing economies look larger at PPP than they do in nominal terms.
Important: PPP conversion factors are estimated in the rounds of the International Comparison Program (ICP) and are revised retrospectively from time to time.
Source: World Development Indicators (World Bank), license CC BY 4.0.
