Faroe Islands vs Greenland: Gross value added at basic prices (GVA) (current LCU), per unit of GDP
Faroe Islands
6.08 current LCU per US$ of GDP
in 2024
Greenland
6.61 current LCU per US$ of GDP
in 2023
Faroe Islands rank
115th
Greenland rank
112th
Gross value added at basic prices (GVA) (current LCU), per unit of GDP over time
- Faroe Islands
- Greenland
How they compare
Greenland currently reports 6.61 current LCU per US$ of GDP against 6.08 current LCU per US$ of GDP in Faroe Islands, a difference of 0.53 current LCU per US$ of GDP.
That makes Greenland's figure about 1.1 times Faroe Islands's.
Across all 21 years both countries report, Greenland has been ahead every year.
Faroe Islands ranks 115th and Greenland ranks 112th of 205 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 | 4.98 current LCU per US$ of GDP | 5.6 current LCU per US$ of GDP | 0.6266 current LCU per US$ of GDP | Greenland |
| 2010s | 5.41 current LCU per US$ of GDP | 5.9 current LCU per US$ of GDP | 0.4937 current LCU per US$ of GDP | Greenland |
| 2020s | 5.91 current LCU per US$ of GDP | 6.44 current LCU per US$ of GDP | 0.5284 current LCU per US$ of GDP | Greenland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva) (current lcu), per unit of gdp, Faroe Islands or Greenland?
- Greenland, at 6.61 current LCU per US$ of GDP against 6.08 current LCU per US$ of GDP in Faroe Islands as of 2023.
- What is the difference in gross value added at basic prices (gva) (current lcu), per unit of gdp between Faroe Islands and Greenland?
- 0.53 current LCU per US$ of GDP, with Greenland ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 21 years are reported by both, from 2003 to 2023.
- How do Faroe Islands and Greenland rank globally for gross value added at basic prices (gva) (current lcu), per unit of gdp?
- Faroe Islands ranks 115th and Greenland ranks 112th of 205 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross value added at basic prices (GVA) (current LCU), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices (GVA) (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.