Faroe Islands vs Greenland: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 24.64 billion current LCU against 22.00 billion current LCU in Greenland, a difference of 2.64 billion current LCU.
That makes Faroe Islands's figure about 1.1 times Greenland's.
The two have swapped places 3 times across 21 shared years of data; in 2003 it was Greenland ahead.
Faroe Islands ranks 165th and Greenland ranks 167th of 206 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 | 9.91 billion current LCU | 11.47 billion current LCU | 1.56 billion current LCU | Greenland |
| 2010s | 15.06 billion current LCU | 16.22 billion current LCU | 1.15 billion current LCU | Greenland |
| 2020s | 21.51 billion current LCU | 20.71 billion current LCU | 793.30 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Faroe Islands or Greenland?
- Faroe Islands, at 24.64 billion current LCU against 22.00 billion current LCU in Greenland as of 2024.
- What is the difference in gross value added at basic prices (gva) between Faroe Islands and Greenland?
- 2.64 billion current LCU, with Faroe Islands 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)?
- Faroe Islands ranks 165th and Greenland ranks 167th of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (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 value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.