Denmark vs Faroe Islands: Current account balance as a share of GDP
Denmark
12.3%
in 2024
Faroe Islands
7.8%
in 2011
Denmark rank
17th
Faroe Islands rank
21st
Current account balance as a share of GDP over time
- Denmark
- Faroe Islands
How they compare
Denmark currently reports 12.3% against 7.8% in Faroe Islands, a difference of 4.5%.
That makes Denmark's figure about 1.6 times Faroe Islands's.
The two have swapped places 4 times across 12 shared years of data; in 2000 it was Faroe Islands ahead.
Denmark ranks 17th and Faroe Islands ranks 21st of 193 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Denmark | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.7% | 3.6% | 0.9% | Faroe Islands |
| 2010s | 6.4% | 7.0% | 0.6% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance as a share of gdp, Denmark or Faroe Islands?
- Denmark, at 12.3% against 7.8% in Faroe Islands as of 2024.
- What is the difference in current account balance as a share of gdp between Denmark and Faroe Islands?
- 4.5%, with Denmark ahead.
- How many years of comparable data are there for Denmark and Faroe Islands?
- 12 years are reported by both, from 2000 to 2011.
- How do Denmark and Faroe Islands rank globally for current account balance as a share of gdp?
- Denmark ranks 17th and Faroe Islands ranks 21st of 193 countries.
- Where does this data come from?
- International Monetary Fund – processed by Our World in Data, published as Current account balance as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Current account balance as a proportion of GDP (%).