Gross national income in the Faroe Islands in 2024 — 4,121,455,739 US$. Ranked 164 in the world out of 198. Since 1965, the indicator has risen by 7,803.2%.
1965–2024 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 4.12B | +150M | +3.78% |
| 2023 | 3.97B | +267M | +7.2% |
| 2022 | 3.7B | −122M | −3.19% |
| 2021 | 3.83B | +476M | +14.21% |
| 2020 | 3.35B | −9.52M | −0.28% |
| 2019 | 3.36B | +80.41M | +2.45% |
| 2018 | 3.28B | +199M | +6.47% |
| 2017 | 3.08B | +164M | +5.63% |
| 2016 | 2.92B | +272M | +10.3% |
| 2015 | 2.64B | −375M | −12.43% |
| 2014 | 3.02B | +182M | +6.41% |
| 2013 | 2.84B | +284M | +11.1% |
| 2012 | 2.55B | −87.54M | −3.31% |
| 2011 | 2.64B | +279M | +11.81% |
| 2010 | 2.36B | +118M | +5.25% |
| 2009 | 2.24B | −261M | −10.42% |
| 2008 | 2.51B | +97.5M | +4.05% |
| 2007 | 2.41B | +323M | +15.48% |
| 2006 | 2.09B | +264M | +14.53% |
| 2005 | 1.82B | +30.02M | +1.68% |
| 2004 | 1.79B | +234M | +15.01% |
| 2003 | 1.56B | +242M | +18.38% |
| 2002 | 1.32B | +124M | +10.43% |
| 2001 | 1.19B | +82.82M | +7.47% |
| 2000 | 1.11B | −62.42M | −5.33% |
| 1999 | 1.17B | +31.49M | +2.77% |
| 1998 | 1.14B | — | — |
| 1987 | 822M | +178M | +27.68% |
| 1986 | 644M | +204M | +46.23% |
| 1985 | 440M | +28.42M | +6.9% |
| 1984 | 412M | −23.75M | −5.45% |
| 1983 | 436M | +40.32M | +10.2% |
| 1982 | 395M | −1.42M | −0.36% |
| 1981 | 397M | −42.11M | −9.59% |
| 1980 | 439M | +43.05M | +10.87% |
| 1979 | 396M | +41.82M | +11.81% |
| 1978 | 354M | +43.56M | +14.03% |
| 1977 | 311M | +68.32M | +28.21% |
| 1976 | 242M | +34.91M | +16.84% |
| 1975 | 207M | +28.7M | +16.07% |
| 1974 | 179M | +34.43M | +23.88% |
| 1973 | 144M | +36.9M | +34.4% |
| 1972 | 107M | +18.47M | +20.79% |
| 1971 | 88.81M | +12.73M | +16.73% |
| 1970 | 76.08M | +13.53M | +21.64% |
| 1969 | 62.55M | +3.69M | +6.28% |
| 1968 | 58.85M | −932,064 | −1.56% |
| 1967 | 59.79M | +1.7M | +2.93% |
| 1966 | 58.08M | +5.94M | +11.38% |
| 1965 | 52.15M | — | — |
The same indicator for neighboring countries — with links to their pages
Gross national income in current dollars: everything produced inside the country, plus the income its residents receive from abroad, minus the income non-residents receive inside it. This adjustment is exactly what separates GNI from GDP, and in most countries the difference is small, though not everywhere: in Ireland GNI is markedly below GDP because of the profits of foreign corporations, while in countries with large labor migration it is higher, on account of remittances and earnings abroad. It is by GNI per capita that the World Bank divides countries into income groups.
Important: The divergence from GDP is worth looking at as a pair: the difference itself is the net income from abroad.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The income of a country's residents converted by purchasing power rather than by the exchange rate.
Economy GNI per capitaGross national income per person — the basis for classifying countries by income group.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP in constant pricesThe size of the economy in 2015 prices — the series on which real growth is visible rather than inflation.
