Eritrea vs Faroe Islands: GDP
GDP over time
- Eritrea
- Faroe Islands
How they compare
Eritrea currently reports 31.75 billion current LCU against 27.94 billion current LCU in Faroe Islands, a difference of 3.81 billion current LCU.
That makes Eritrea's figure about 1.1 times Faroe Islands's.
The two have swapped places 1 time across 20 shared years of data; in 1992 it was Faroe Islands ahead.
Eritrea ranks 167th and Faroe Islands ranks 168th of 213 countries.
Across the 3 decades both report, Eritrea averaged higher in 2 and Faroe Islands in 1.
Head to head by decade
| Decade | Eritrea | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.01 billion current LCU | 5.94 billion current LCU | 1.93 billion current LCU | Faroe Islands |
| 2000s | 15.84 billion current LCU | 10.89 billion current LCU | 4.95 billion current LCU | Eritrea |
| 2010s | 28.09 billion current LCU | 13.28 billion current LCU | 14.81 billion current LCU | Eritrea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Eritrea or Faroe Islands?
- Eritrea, at 31.75 billion current LCU against 27.94 billion current LCU in Faroe Islands as of 2011.
- What is the difference in gdp between Eritrea and Faroe Islands?
- 3.81 billion current LCU, with Eritrea ahead.
- How many years of comparable data are there for Eritrea and Faroe Islands?
- 20 years are reported by both, from 1992 to 2011.
- How do Eritrea and Faroe Islands rank globally for gdp?
- Eritrea ranks 167th and Faroe Islands ranks 168th of 213 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.