Gdp worldbank in Faroe Islands
Faroe Islands: Gdp worldbank was 3.94 billion in 2024. ▲ Rising
Gdp worldbank in Faroe Islands, 2008–2024
Source: Our World in Data.
Analysis
In 2024, gdp worldbank in Faroe Islands stood at 3.94 billion. That is the highest value across all 17 years on record.
That represents a change of up 0.8% on the previous year and up 27.1% over ten years.
Over the whole period, gdp worldbank in Faroe Islands peaked at 3.94 billion in 2024 and was at its lowest, 2.50 billion, in 2010.
That places Faroe Islands 177th out of 198 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.57 billion | 2.51 billion | 2.63 billion | 2 |
| 2010s | 3.04 billion | 2.50 billion | 3.53 billion | 10 |
| 2020s | 3.75 billion | 3.47 billion | 3.94 billion | 5 |
Countries ranked near Faroe Islands
- 174 Curacao 4.49 billion compare
- 175 Saint Lucia 4.41 billion compare
- 176 Greenland 4.04 billion compare
- 178 Seychelles 3.76 billion compare
- 179 Comoros 3.20 billion compare
- 180 Antigua and Barbuda 2.88 billion compare
More economy & growth data for Faroe Islands
- External balance on goods and services 938.80 million current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- Imports of goods and services 14.31 billion current LCU (2024)
- Imports of goods and services 51.2% (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- Trade 105.8% (2024)
- Manufacturing, value added 383.50 million current US$ (2024)
- Agriculture, forestry, and fishing, value added 4.49 billion current LCU (2024)
- Gross capital formation 7.87 billion current LCU (2024)
Frequently asked questions
- What is gdp worldbank in Faroe Islands?
- Gdp worldbank in Faroe Islands was 3.94 billion in 2024, according to Our World in Data.
- What is the highest gdp worldbank recorded in Faroe Islands?
- The highest recorded value was 3.94 billion in 2024.
- What is the lowest gdp worldbank recorded in Faroe Islands?
- The lowest recorded value was 2.50 billion in 2010.
- How does Faroe Islands rank for gdp worldbank?
- Faroe Islands ranks 177th out of 198 countries with data for 2024.
- Is gdp worldbank rising or falling in Faroe Islands?
- Over the last ten years it is up 27.1%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Our World in Data, published as part of Gdp worldbank. Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).