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Faroe Islands: GDP growth (annual %), 2009–2024
Value in 20240.8
Change since 2014-84.5%5.4 (2014)
World rank170 / 2002024
Rank in region42 / 52Europe & Central Asia
World2.9World Bank aggregate
Trend and comparison
Neighbours in the 2024 ranking
1.1
1.0
1.0
0.9
0.8
0.8
0.7
0.5
0.4
Values and rank by year
| Year | GDP growth (annual %) | vs prior year | World rank |
|---|---|---|---|
| 2024 | 0.8 | -73.3% | 170 / 200 |
| 2023 | 3.2 | -18.2% | 103 / 204 |
| 2022 | 3.9 | -23.8% | 121 / 209 |
| 2021 | 5.1 | +409.4% | 107 / 210 |
| 2020 | -1.6 | -136.1% | 60 / 210 |
| 2019 | 4.5 | +64.2% | 61 / 210 |
| 2018 | 2.8 | -21.3% | 121 / 211 |
| 2017 | 3.5 | +153.3% | 97 / 210 |
| 2016 | 1.4 | +44.7% | 160 / 210 |
| 2015 | 1.0 | -82.4% | 165 / 211 |
| 2014 | 5.4 | -7.2% | 48 / 210 |
| 2013 | 5.9 | -17.3% | 40 / 209 |
| 2012 | 7.1 | +98.6% | 36 / 209 |
| 2011 | 3.6 | +1039.0% | 110 / 210 |
| 2010 | -0.4 | +91.7% | 185 / 210 |
| 2009 | -4.6 | – | 164 / 209 |
- Population
- GDP (current US$, billions)
- GDP per capita (current US$)
- Life expectancy at birth (years)
- Fertility rate (births per woman)
- Population aged 65 and above (% of total)
- Urban population (% of total)
- Internet users (% of population)
- Surface area (km²)
- Population density (people per km² of land)
- Exports of goods and services (% of GDP)
Compare Faroe Islands with Japan →
For each indicator and economy the most recent non-empty year is used, so years can differ between countries. Ranks compare only economies that have data. Aggregates (regions, income groups) are excluded from rankings; the world value is shown for reference. Values are as published by the World Bank and are revised several times a year.