Faroe Islands GDP 1998-2021

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Faroe Islands gdp for 2017 was $2.83B, a 5.36% increase from 2016.
  • Faroe Islands gdp for 2016 was $2.69B, a 6.79% increase from 2015.
  • Faroe Islands gdp for 2015 was $2.52B, a 11.67% decline from 2014.
  • Faroe Islands gdp for 2014 was $2.85B, a 8.52% increase from 2013.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP ( Billions of US $)
United States $19,485.39B
Japan $4,866.86B
Germany $3,665.80B
United Kingdom $2,666.23B
France $2,595.15B
Italy $1,961.80B
Canada $1,649.88B
South Korea $1,623.90B
Australia $1,330.14B
Spain $1,312.55B
Netherlands $833.87B
Saudi Arabia $688.59B
Switzerland $679.95B
Argentina $642.70B
Sweden $541.02B
Poland $526.38B
Belgium $503.79B
Austria $418.32B
Norway $398.39B
UAE $385.61B
Israel $353.25B
Singapore $341.86B
Hong Kong $341.24B
Ireland $335.66B
Denmark $329.42B
Chile $277.04B
Finland $255.12B
Portugal $221.36B
Czech Republic $215.91B
New Zealand $205.42B
Greece $203.59B
Qatar $166.93B
Hungary $141.51B
Kuwait $120.71B
Puerto Rico $103.45B
Slovak Republic $95.48B
Oman $70.60B
Luxembourg $64.18B
Panama $62.22B
Uruguay $59.53B
Croatia $55.32B
Macao $50.75B
Slovenia $48.56B
Lithuania $47.75B
Bahrain $35.42B
Latvia $30.27B
Estonia $26.86B
Iceland $24.49B
Cyprus $22.64B
Trinidad and Tobago $22.47B
Malta $12.75B
Bahamas $12.15B
Brunei $12.13B
Isle of Man $6.77B
Liechtenstein $6.55B
Monaco $6.43B
Guam $5.85B
Cayman Islands $5.14B
Barbados $4.98B
Virgin Islands (U.S.) $3.86B
Curacao $3.12B
Aruba $3.06B
Andorra $3.00B
Faroe Islands $2.83B
Greenland $2.83B
Northern Mariana Islands $1.60B
San Marino $1.53B
Seychelles $1.52B
Antigua and Barbuda $1.47B
St. Kitts and Nevis $1.00B
Turks and Caicos Islands $0.96B
Palau $0.29B
Faroe Islands GDP - Historical Data
Year GDP Per Capita Growth
2017 $2.83B $58,623 %
2016 $2.69B $55,823 %
2015 $2.52B $52,405 %
2014 $2.85B $59,440 %
2013 $2.63B $54,854 %
2012 $2.37B $49,460 %
2011 $2.49B $52,084 %
2010 $2.32B $48,530 %
2009 $2.27B $47,448 %
2008 $2.43B $50,866 %
2007 $2.29B $47,886 %
2006 $1.98B $41,523 %
2005 $1.73B $36,205 %
2004 $1.69B $35,467 %
2003 $1.49B $31,498 %
2002 $1.26B $26,733 %
2001 $1.15B $24,420 %
2000 $1.06B $22,653 %
1999 $1.12B $24,125 %
1998 $1.11B $24,034 %