Gdp worldbank constant usd, annual growth rate in Faroe Islands
Faroe Islands: Gdp worldbank constant usd, annual growth rate was 0.8437 % change on previous year in 2024. ◆ Volatile
Gdp worldbank constant usd, annual growth rate in Faroe Islands, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp worldbank constant usd, annual growth rate in Faroe Islands is 0.8437 % change on previous year, measured in 2024.
The figure is down 73.3% on the previous year and down 84.5% over ten years.
Over the whole period, gdp worldbank constant usd, annual growth rate in Faroe Islands peaked at 7.08 % change on previous year in 2012 and was at its lowest, -4.55 % change on previous year, in 2009.
That places Faroe Islands 176th out of 209 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp worldbank constant usd, annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | -4.55 % change on previous year | — |
| 2010 | -0.3801 % change on previous year | -91.7% |
| 2011 | 3.57 % change on previous year | -1038.2% |
| 2012 | 7.08 % change on previous year | +98.6% |
| 2013 | 5.86 % change on previous year | -17.3% |
| 2014 | 5.43 % change on previous year | -7.2% |
| 2015 | 0.9582 % change on previous year | -82.4% |
| 2016 | 1.39 % change on previous year | +44.7% |
| 2017 | 3.51 % change on previous year | +153.4% |
| 2018 | 2.76 % change on previous year | -21.3% |
| 2019 | 4.54 % change on previous year | +64.2% |
| 2020 | -1.64 % change on previous year | -136.1% |
| 2021 | 5.07 % change on previous year | -409.4% |
| 2022 | 3.86 % change on previous year | -23.8% |
| 2023 | 3.16 % change on previous year | -18.2% |
| 2024 | 0.8437 % change on previous year | -73.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.55 % change on previous year | -4.55 % change on previous year | -4.55 % change on previous year | 1 |
| 2010s | 3.47 % change on previous year | -0.3801 % change on previous year | 7.08 % change on previous year | 10 |
| 2020s | 2.26 % change on previous year | -1.64 % change on previous year | 5.07 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 173 Russian Federation 1 % change on previous year compare
- 174 Belgium 0.9832 % change on previous year compare
- 175 Greenland 0.8661 % change on previous year compare
- 177 France 0.8411 % change on previous year compare
- 178 Slovakia 0.8076 % change on previous year compare
- 179 Yemen 0.7523 % change on previous year compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current LCU), per 93,585 current LCU per person (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
Frequently asked questions
- What is gdp worldbank constant usd, annual growth rate in Faroe Islands?
- Gdp worldbank constant usd, annual growth rate in Faroe Islands was 0.8437 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp worldbank constant usd, annual growth rate recorded in Faroe Islands?
- The highest recorded value was 7.08 % change on previous year in 2012.
- What is the lowest gdp worldbank constant usd, annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -4.55 % change on previous year in 2009.
- How does Faroe Islands rank for gdp worldbank constant usd, annual growth rate?
- Faroe Islands ranks 176th out of 209 countries with data for 2024.
- Is gdp worldbank constant usd, annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 84.5%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Gdp worldbank constant usd, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gdp worldbank constant usd. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gdp worldbank constant usd. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.