Faroe Islands vs Greenland: GDP
GDP over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 27.94 billion current LCU against 22.92 billion current LCU in Greenland, a difference of 5.02 billion current LCU.
That makes Faroe Islands's figure about 1.2 times Greenland's.
The two have swapped places 6 times across 54 shared years of data; in 1970 it was Faroe Islands ahead.
Faroe Islands ranks 168th and Greenland ranks 170th of 213 countries.
Across the 6 decades both report, Faroe Islands averaged higher in 4 and Greenland in 2.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.40 billion current LCU | 1.23 billion current LCU | 162.14 million current LCU | Faroe Islands |
| 1980s | 4.80 billion current LCU | 4.44 billion current LCU | 362.86 million current LCU | Faroe Islands |
| 1990s | 5.93 billion current LCU | 6.79 billion current LCU | 862.43 million current LCU | Greenland |
| 2000s | 10.89 billion current LCU | 10.97 billion current LCU | 84.22 million current LCU | Greenland |
| 2010s | 16.99 billion current LCU | 16.78 billion current LCU | 215.19 million current LCU | Faroe Islands |
| 2020s | 24.35 billion current LCU | 21.54 billion current LCU | 2.82 billion current LCU | 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 27.94 billion current LCU against 22.92 billion current LCU in Greenland as of 2024.
- What is the difference in gdp between Faroe Islands and Greenland?
- 5.02 billion current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 54 years are reported by both, from 1970 to 2023.
- How do Faroe Islands and Greenland rank globally for gdp?
- Faroe Islands ranks 168th and Greenland ranks 170th 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.
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.