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Faroe Islands: GDP (current US$, billions), 1990–2024
Value in 20244.1
Change since 2014+39.1%2.9 (2014)
World rank168 / 2002024
Rank in region52 / 53Europe & Central Asia
World111,669.4World Bank aggregate
Trend and comparison
Neighbours in the 2024 ranking
4.8
4.4
4.2
4.2
4.1
4.0
3.6
3.3
3.2
Values and rank by year
| Year | GDP (current US$, billions) | vs prior year | World rank |
|---|---|---|---|
| 2024 | 4.1 | +2.8% | 168 / 200 |
| 2023 | 3.9 | +9.1% | 167 / 204 |
| 2022 | 3.6 | -2.3% | 172 / 209 |
| 2021 | 3.7 | +13.1% | 169 / 210 |
| 2020 | 3.3 | +0.2% | 170 / 210 |
| 2019 | 3.3 | +2.4% | 173 / 211 |
| 2018 | 3.2 | +7.0% | 175 / 211 |
| 2017 | 3.0 | +5.9% | 176 / 211 |
| 2016 | 2.8 | +9.3% | 176 / 211 |
| 2015 | 2.6 | -11.7% | 178 / 212 |
| 2014 | 2.9 | +8.3% | 176 / 213 |
| 2013 | 2.7 | +10.8% | 177 / 212 |
| 2012 | 2.4 | -3.1% | 180 / 212 |
| 2011 | 2.5 | +7.5% | 178 / 214 |
| 2010 | 2.3 | +1.6% | 177 / 213 |
| 2009 | 2.3 | -7.8% | 177 / 213 |
| 2008 | 2.5 | +6.4% | 175 / 211 |
| 2007 | 2.3 | +15.9% | 173 / 210 |
| 2006 | 2.0 | +14.7% | 173 / 210 |
| 2005 | 1.8 | +2.0% | 173 / 209 |
| 2004 | 1.7 | +14.8% | 171 / 209 |
| 2003 | 1.5 | +17.8% | 171 / 209 |
| 2002 | 1.3 | +9.9% | 170 / 209 |
| 2001 | 1.2 | +8.7% | 167 / 205 |
| 2000 | 1.1 | -5.4% | 166 / 204 |
| 1999 | 1.1 | +2.1% | 162 / 202 |
| 1998 | 1.1 | +18.3% | 165 / 202 |
| 1997 | 0.9 | -5.6% | 166 / 201 |
| 1996 | 1.0 | +9.8% | 164 / 199 |
| 1995 | 0.9 | +18.8% | 166 / 199 |
| 1994 | 0.8 | -0.3% | 164 / 196 |
| 1993 | 0.8 | -16.6% | 163 / 195 |
| 1992 | 0.9 | +0.4% | 155 / 194 |
| 1991 | 0.9 | -5.4% | 156 / 193 |
| 1990 | 1.0 | – | 156 / 192 |
- Population
- GDP per capita (current US$)
- GDP growth (annual %)
- 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.