GNI, Atlas method (current US$), annual growth rate in Faroe Islands
Faroe Islands: GNI, Atlas method (current US$), annual growth rate was 0.0346 % change on previous year in 2024. ◆ Volatile
GNI, Atlas method (current US$), annual growth rate in Faroe Islands, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded 0.0346 % change on previous year for gni, atlas method (current us$), annual growth rate in 2024.
That represents a change of down 97.8% on the previous year and down 98.2% over ten years.
Over the whole period, gni, atlas method (current us$), annual growth rate in Faroe Islands peaked at 10.61 % change on previous year in 2021 and was at its lowest, -3.64 % change on previous year, in 2015.
That places Faroe Islands 187th out of 206 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GNI, Atlas method (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 8.65 % change on previous year | — |
| 2012 | 5.21 % change on previous year | -39.7% |
| 2013 | 5.26 % change on previous year | +0.9% |
| 2014 | 1.91 % change on previous year | -63.7% |
| 2015 | -3.64 % change on previous year | -290.9% |
| 2016 | 0.6925 % change on previous year | -119.0% |
| 2017 | 2.35 % change on previous year | +239.7% |
| 2018 | 10.37 % change on previous year | +340.8% |
| 2019 | 6.58 % change on previous year | -36.6% |
| 2020 | -1.29 % change on previous year | -119.6% |
| 2021 | 10.61 % change on previous year | -923.5% |
| 2022 | 5.37 % change on previous year | -49.3% |
| 2023 | 1.54 % change on previous year | -71.4% |
| 2024 | 0.0346 % change on previous year | -97.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.15 % change on previous year | -3.64 % change on previous year | 10.37 % change on previous year | 9 |
| 2020s | 3.25 % change on previous year | -1.29 % change on previous year | 10.61 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 184 Qatar 0.9629 % change on previous year compare
- 185 Azerbaijan 0.7517 % change on previous year compare
- 186 San Marino 0.24 % change on previous year compare
- 188 Equatorial Guinea -0.2219 % change on previous year compare
- 189 New Zealand -0.2907 % change on previous year compare
- 190 French Polynesia -0.8821 % change on previous year compare
More economy & growth data for Faroe Islands
- Taxes less subsidies on products (current US$), per unit of GDP 0.1181 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP 20.63 billion constant LCU (2024)
- GDP per capita 377,557 constant LCU (2024)
- GDP per capita growth 0.4% (2024)
Frequently asked questions
- What is gni, atlas method (current us$), annual growth rate in Faroe Islands?
- Gni, atlas method (current us$), annual growth rate in Faroe Islands was 0.0346 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gni, atlas method (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 10.61 % change on previous year in 2021.
- What is the lowest gni, atlas method (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -3.64 % change on previous year in 2015.
- How does Faroe Islands rank for gni, atlas method (current us$), annual growth rate?
- Faroe Islands ranks 187th out of 206 countries with data for 2024.
- Is gni, atlas method (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 98.2%. 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 GNI, Atlas method (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GNI, Atlas method (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GNI, Atlas method Country official statistics, National Statistical Organizations and/or Central Banks
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 GNI, Atlas method (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.