Faroe Islands vs Greenland: GDP
GDP over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 3.24 billion constant 2015 US$ against 2.84 billion constant 2015 US$ in Greenland, a difference of 401.01 million constant 2015 US$.
That makes Faroe Islands's figure about 1.1 times Greenland's.
The two have swapped places 3 times across 16 shared years of data; in 2008 it was Greenland ahead.
Faroe Islands ranks 175th and Greenland ranks 177th of 210 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Greenland in 2.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.12 billion constant 2015 US$ | 2.41 billion constant 2015 US$ | 288.88 million constant 2015 US$ | Greenland |
| 2010s | 2.50 billion constant 2015 US$ | 2.55 billion constant 2015 US$ | 46.34 million constant 2015 US$ | Greenland |
| 2020s | 3.05 billion constant 2015 US$ | 2.78 billion constant 2015 US$ | 263.10 million constant 2015 US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Faroe Islands or Greenland?
- Faroe Islands, at 3.24 billion constant 2015 US$ against 2.84 billion constant 2015 US$ in Greenland as of 2024.
- What is the difference in gdp between Faroe Islands and Greenland?
- 401.01 million constant 2015 US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 16 years are reported by both, from 2008 to 2023.
- How do Faroe Islands and Greenland rank globally for gdp?
- Faroe Islands ranks 175th and Greenland ranks 177th of 210 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.