Faroe Islands vs Papua New Guinea: Gross value added at basic prices (GVA) (current US$), annual growth

Faroe Islands
1.6 % change on previous year
in 2024
Papua New Guinea
0.2146 % change on previous year
in 2024
Faroe Islands rank
182nd
Papua New Guinea rank
185th

Gross value added at basic prices (GVA) (current US$), annual growth over time

  • Faroe Islands
  • Papua New Guinea
-200204060196119922024

How they compare

Faroe Islands currently reports 1.6 % change on previous year against 0.2146 % change on previous year in Papua New Guinea, a difference of 1.39 % change on previous year.

That makes Faroe Islands's figure about 7.5 times Papua New Guinea's.

The two have swapped places 12 times across 24 shared years of data; in 1999 it was Faroe Islands ahead.

Faroe Islands ranks 182nd and Papua New Guinea ranks 185th of 205 countries.

Across the 4 decades both report, Faroe Islands averaged higher in 2 and Papua New Guinea in 2.

Head to head by decade

Decade Faroe Islands Papua New Guinea Difference Ahead
1990s 2.04 % change on previous year -8.44 % change on previous year 10.49 % change on previous year Faroe Islands
2000s 7.69 % change on previous year 6.42 % change on previous year 1.27 % change on previous year Faroe Islands
2010s 4.03 % change on previous year 8.22 % change on previous year 4.19 % change on previous year Papua New Guinea
2020s 4.38 % change on previous year 4.9 % change on previous year 0.5181 % change on previous year Papua New Guinea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross value added at basic prices (gva) (current us$), annual growth, Faroe Islands or Papua New Guinea?
Faroe Islands, at 1.6 % change on previous year against 0.2146 % change on previous year in Papua New Guinea as of 2024.
What is the difference in gross value added at basic prices (gva) (current us$), annual growth between Faroe Islands and Papua New Guinea?
1.39 % change on previous year, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Papua New Guinea?
24 years are reported by both, from 1999 to 2024.
How do Faroe Islands and Papua New Guinea rank globally for gross value added at basic prices (gva) (current us$), annual growth?
Faroe Islands ranks 182nd and Papua New Guinea ranks 185th of 205 countries.
Where does this data come from?
Statizoid (derived), published as Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Papua New Guinea: Gross value added at basic prices (GVA) (current US$), annual growth. Statizoid, drawing on Statizoid (derived). Retrieved 04 September 2026, from https://economy.statizoid.com/compare/gross-value-added-at-basic-prices-gva-current-us-annual-growth-rate/faroe-islands/papua-new-guinea/

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About this data

Indicator
Gross value added at basic prices (GVA) (current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
244 places, 10,675 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.