Faroe Islands vs Venezuela: GDP (constant LCU) (Country official)
GDP (constant LCU) (Country official) over time
- Faroe Islands
- Venezuela
How they compare
Faroe Islands currently reports 20.63 billion constant LCU against 16.99 billion constant LCU in Venezuela, a difference of 3.64 billion constant LCU.
That makes Faroe Islands's figure about 1.2 times Venezuela's.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Venezuela ahead.
Faroe Islands ranks 163rd and Venezuela ranks 166th of 215 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Venezuela in 2.
Head to head by decade
| Decade | Faroe Islands | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.48 billion constant LCU | 50.44 billion constant LCU | 36.97 billion constant LCU | Venezuela |
| 2010s | 15.92 billion constant LCU | 43.21 billion constant LCU | 27.29 billion constant LCU | Venezuela |
| 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?
- Faroe Islands, at 20.63 billion constant LCU against 16.99 billion constant LCU in Venezuela as of 2024.
- What is the difference in gdp between Faroe Islands and Venezuela?
- 3.64 billion constant LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Venezuela?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Venezuela rank globally for gdp?
- Faroe Islands ranks 163rd and Venezuela ranks 166th of 215 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.
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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.