Faroe Islands vs Greenland: Gross domestic product (GDP)
Faroe Islands
3.24 billion constant 2015 US$
in 2024
Greenland
2.84 billion constant 2015 US$
in 2023
Faroe Islands rank
174th
Greenland rank
176th
Gross domestic product (GDP) over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 3.24 billion constant 2015 US$ against 2.84 billion constant 2015 US$ in Greenland, a difference of 401.01 million constant 2015 US$.
That makes Faroe Islands's figure about 1.1 times Greenland's.
The two have swapped places 3 times across 16 shared years of data; in 2008 it was Greenland ahead.
Faroe Islands ranks 174th and Greenland ranks 176th of 209 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Greenland in 2.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.12 billion constant 2015 US$ | 2.41 billion constant 2015 US$ | 288.88 million constant 2015 US$ | Greenland |
| 2010s | 2.50 billion constant 2015 US$ | 2.55 billion constant 2015 US$ | 46.34 million constant 2015 US$ | Greenland |
| 2020s | 3.05 billion constant 2015 US$ | 2.78 billion constant 2015 US$ | 263.10 million constant 2015 US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product (gdp), Faroe Islands or Greenland?
- Faroe Islands, at 3.24 billion constant 2015 US$ against 2.84 billion constant 2015 US$ in Greenland as of 2024.
- What is the difference in gross domestic product (gdp) between Faroe Islands and Greenland?
- 401.01 million constant 2015 US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 16 years are reported by both, from 2008 to 2023.
- How do Faroe Islands and Greenland rank globally for gross domestic product (gdp)?
- Faroe Islands ranks 174th and Greenland ranks 176th of 209 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) β with minor processing by Our World in Data, published as Gross domestic product (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.