GDP deflator (base year varies by country) (GDP Country official) in Faroe Islands
Faroe Islands: GDP deflator (base year varies by country) (GDP Country official) was 135.45 base year varies by country in 2024. ▲ Rising
GDP deflator in Faroe Islands, 2008–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in base year varies by country.
Analysis
The most recent figure for gdp deflator in Faroe Islands is 135.45 base year varies by country, measured in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 34.4% over ten years.
Over the whole period, gdp deflator in Faroe Islands peaked at 135.45 base year varies by country in 2024 and was at its lowest, 92.04 base year varies by country, in 2008.
That places Faroe Islands 106th out of 214 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
GDP deflator (base year varies by country) (GDP Country official) in Faroe Islands, year by year
| Year | base year varies by country | Change |
|---|---|---|
| 2008 | 92.04 base year varies by country | — |
| 2009 | 93.5 base year varies by country | +1.6% |
| 2010 | 100 base year varies by country | +6.9% |
| 2011 | 99.05 base year varies by country | -1.0% |
| 2012 | 96.67 base year varies by country | -2.4% |
| 2013 | 98.14 base year varies by country | +1.5% |
| 2014 | 100.76 base year varies by country | +2.7% |
| 2015 | 105.67 base year varies by country | +4.9% |
| 2016 | 113.99 base year varies by country | +7.9% |
| 2017 | 114.42 base year varies by country | +0.4% |
| 2018 | 113.93 base year varies by country | -0.4% |
| 2019 | 117.92 base year varies by country | +3.5% |
| 2020 | 117.78 base year varies by country | -0.1% |
| 2021 | 121.82 base year varies by country | +3.4% |
| 2022 | 129 base year varies by country | +5.9% |
| 2023 | 132.8 base year varies by country | +2.9% |
| 2024 | 135.45 base year varies by country | +2.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 135.45 base year varies by country is above the median for high income countries, which is 122.45 base year varies by country, 1.1× the median. (82 countries reporting)
- Faroe Islands's 135.45 base year varies by country is above the median for Europe & Central Asia, which is 133.45 base year varies by country, 1.0× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.77 base year varies by country | 92.04 base year varies by country | 93.5 base year varies by country | 2 |
| 2010s | 106.05 base year varies by country | 96.67 base year varies by country | 117.92 base year varies by country | 10 |
| 2020s | 127.37 base year varies by country | 117.78 base year varies by country | 135.45 base year varies by country | 5 |
Countries ranked near Faroe Islands
- 103 Botswana 136.44 base year varies by country compare
- 104 Guinea-Bissau 135.92 base year varies by country compare
- 105 Bolivia 135.88 base year varies by country compare
- 107 American Samoa 135.04 base year varies by country compare
- 108 Saint Kitts and Nevis 134.9 base year varies by country compare
- 109 Northern Mariana Islands 134.81 base year varies by country compare
More economy & growth data for Faroe Islands
- Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 142,484 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator in Faroe Islands?
- Gdp deflator in Faroe Islands was 135.45 base year varies by country in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp deflator recorded in Faroe Islands?
- The highest recorded value was 135.45 base year varies by country in 2024.
- What is the lowest gdp deflator recorded in Faroe Islands?
- The lowest recorded value was 92.04 base year varies by country in 2008.
- How does Faroe Islands rank for gdp deflator?
- Faroe Islands ranks 106th out of 214 countries with data for 2024.
- Is gdp deflator rising or falling in Faroe Islands?
- Over the last ten years it is up 34.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP deflator (base year varies by country). Statizoid updates them automatically from the source API.
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About this data
The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This indicator is expressed as a ratio (a÷b).