Faroe Islands vs Greenland: GDP (constant LCU), annual growth rate

Faroe Islands
0.8437 % change on previous year
in 2024
Greenland
0.866 % change on previous year
in 2023
Faroe Islands rank
178th
Greenland rank
177th

GDP (constant LCU), annual growth rate over time

  • Faroe Islands
  • Greenland
-10-5051015197119972024

How they compare

Greenland currently reports 0.866 % change on previous year against 0.8437 % change on previous year in Faroe Islands, a difference of 0.0223 % change on previous year.

The two have swapped places 5 times across 15 shared years of data; in 2009 it was Greenland ahead.

Faroe Islands ranks 178th and Greenland ranks 177th of 213 countries.

Across the 3 decades both report, Faroe Islands averaged higher in 2 and Greenland in 1.

Head to head by decade

Decade Faroe Islands Greenland Difference Ahead
2000s -4.55 % change on previous year 0.866 % change on previous year 5.42 % change on previous year Greenland
2010s 3.47 % change on previous year 1.17 % change on previous year 2.3 % change on previous year Faroe Islands
2020s 2.61 % change on previous year 1.19 % change on previous year 1.42 % change on previous year Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gdp (constant lcu), annual growth rate, Faroe Islands or Greenland?
Greenland, at 0.866 % change on previous year against 0.8437 % change on previous year in Faroe Islands as of 2023.
What is the difference in gdp (constant lcu), annual growth rate between Faroe Islands and Greenland?
0.0223 % change on previous year, with Greenland ahead.
How many years of comparable data are there for Faroe Islands and Greenland?
15 years are reported by both, from 2009 to 2023.
How do Faroe Islands and Greenland rank globally for gdp (constant lcu), annual growth rate?
Faroe Islands ranks 178th and Greenland ranks 177th of 213 countries.
Where does this data come from?
Statizoid (derived), published as GDP (constant LCU), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Greenland: GDP (constant LCU), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 05 September 2026, from https://economy.statizoid.com/compare/gdp-constant-lcu-annual-growth-rate/faroe-islands/greenland/

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About this data

Indicator
GDP (constant LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
214 places, 11,408 data points, 1961–2025
Last refreshed

The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.