Faroe Islands vs Greenland: Gross domestic product (GDP)
Faroe Islands
3.94 billion international-$ in 2021 prices
in 2024
Greenland
4.04 billion international-$ in 2021 prices
in 2023
Faroe Islands rank
177th
Greenland rank
176th
Gross domestic product (GDP) over time
- Faroe Islands
- Greenland
How they compare
Greenland currently reports 4.04 billion international-$ in 2021 prices against 3.94 billion international-$ in 2021 prices in Faroe Islands, a difference of 99.26 million international-$ in 2021 prices.
Across all 16 years both countries report, Greenland has been ahead every year.
Faroe Islands ranks 177th and Greenland ranks 176th of 198 countries.
Greenland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.57 billion international-$ in 2021 prices | 3.42 billion international-$ in 2021 prices | 848.61 million international-$ in 2021 prices | Greenland |
| 2010s | 3.04 billion international-$ in 2021 prices | 3.62 billion international-$ in 2021 prices | 582.87 million international-$ in 2021 prices | Greenland |
| 2020s | 3.70 billion international-$ in 2021 prices | 3.96 billion international-$ in 2021 prices | 255.19 million international-$ in 2021 prices | Greenland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product (gdp), Faroe Islands or Greenland?
- Greenland, at 4.04 billion international-$ in 2021 prices against 3.94 billion international-$ in 2021 prices in Faroe Islands as of 2023.
- What is the difference in gross domestic product (gdp) between Faroe Islands and Greenland?
- 99.26 million international-$ in 2021 prices, with Greenland 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 177th and Greenland ranks 176th of 198 countries.
- Where does this data come from?
- Eurostat, OECD, IMF, and World Bank (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 for inflation and differences in living costs between countries.