Faroe Islands vs Venezuela, Bolivarian Republic of: GDP
GDP over time
- Faroe Islands
- Venezuela, Bolivarian Republic of
How they compare
Faroe Islands currently reports 20.63 billion constant LCU against 16.99 billion constant LCU in Venezuela, Bolivarian Republic of, a difference of 3.64 billion constant LCU.
That makes Faroe Islands's figure about 1.2 times Venezuela, Bolivarian Republic of's.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Venezuela, Bolivarian Republic of ahead.
Faroe Islands ranks 163rd and Venezuela, Bolivarian Republic of ranks 166th of 213 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Venezuela, Bolivarian Republic of in 2.
Head to head by decade
| Decade | Faroe Islands | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.48 billion constant LCU | 50.44 billion constant LCU | 36.97 billion constant LCU | Venezuela, Bolivarian Republic of |
| 2010s | 15.92 billion constant LCU | 43.21 billion constant LCU | 27.29 billion constant LCU | Venezuela, Bolivarian Republic of |
| 2020s | 19.64 billion constant LCU | 15.19 billion constant LCU | 4.45 billion constant LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Faroe Islands or Venezuela, Bolivarian Republic of?
- Faroe Islands, at 20.63 billion constant LCU against 16.99 billion constant LCU in Venezuela, Bolivarian Republic of as of 2024.
- What is the difference in gdp between Faroe Islands and Venezuela, Bolivarian Republic of?
- 3.64 billion constant LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Venezuela, Bolivarian Republic of?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Venezuela, Bolivarian Republic of rank globally for gdp?
- Faroe Islands ranks 163rd and Venezuela, Bolivarian Republic of ranks 166th of 213 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP (constant LCU). 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 varies by country. This series is expressed in local currency units.