Faroe Islands vs Turks and Caicos Islands: Taxes less subsidies on products (current LCU), annual growth rate

Faroe Islands
12.68 % change on previous year
in 2024
Turks and Caicos Islands
13.69 % change on previous year
in 2024
Faroe Islands rank
56th
Turks and Caicos Islands rank
53rd

Taxes less subsidies on products (current LCU), annual growth rate over time

  • Faroe Islands
  • Turks and Caicos Islands
-40-200204060199920112024

How they compare

Turks and Caicos Islands currently reports 13.69 % change on previous year against 12.68 % change on previous year in Faroe Islands, a difference of 1.01 % change on previous year.

That makes Turks and Caicos Islands's figure about 1.1 times Faroe Islands's.

The two have swapped places 8 times across 24 shared years of data; in 2001 it was Turks and Caicos Islands ahead.

Faroe Islands ranks 56th and Turks and Caicos Islands ranks 53rd of 197 countries.

Turks and Caicos Islands has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Faroe Islands Turks and Caicos Islands Difference Ahead
2000s 3.98 % change on previous year 12.42 % change on previous year 8.44 % change on previous year Turks and Caicos Islands
2010s 4.25 % change on previous year 6.91 % change on previous year 2.66 % change on previous year Turks and Caicos Islands
2020s 6.78 % change on previous year 16.36 % change on previous year 9.58 % change on previous year Turks and Caicos Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes less subsidies on products (current lcu), annual growth rate, Faroe Islands or Turks and Caicos Islands?
Turks and Caicos Islands, at 13.69 % change on previous year against 12.68 % change on previous year in Faroe Islands as of 2024.
What is the difference in taxes less subsidies on products (current lcu), annual growth rate between Faroe Islands and Turks and Caicos Islands?
1.01 % change on previous year, with Turks and Caicos Islands ahead.
How many years of comparable data are there for Faroe Islands and Turks and Caicos Islands?
24 years are reported by both, from 2001 to 2024.
How do Faroe Islands and Turks and Caicos Islands rank globally for taxes less subsidies on products (current lcu), annual growth rate?
Faroe Islands ranks 56th and Turks and Caicos Islands ranks 53rd of 197 countries.
Where does this data come from?
Statizoid (derived), published as Taxes less subsidies on products (current LCU), 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 Turks and Caicos Islands: Taxes less subsidies on products (current LCU), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 16 September 2026, from https://economy.statizoid.com/compare/taxes-less-subsidies-on-products-current-lcu-annual-growth-rate/faroe-islands/turks-and-caicos-islands/

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About this data

Indicator
Taxes less subsidies on products (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
197 places, 8,058 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.