Faroe Islands GDP 1998-2020

NOTE: All 2020 and later data are UN projections and DO NOT include any impacts of the COVID-19 virus.
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 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.
  • Faroe Islands gdp for 2013 was $2.63B, a 11.02% increase from 2012.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP ( Billions of US $)
United States $18,707.19B
Japan $4,926.67B
Germany $3,495.16B
United Kingdom $2,659.24B
France $2,471.29B
Italy $1,869.20B
Canada $1,526.71B
South Korea $1,414.80B
Spain $1,237.50B
Australia $1,210.03B
Netherlands $783.53B
Switzerland $670.18B
Saudi Arabia $644.94B
Argentina $557.53B
Sweden $512.21B
Poland $472.03B
Belgium $469.68B
Austria $394.05B
Norway $371.34B
UAE $357.05B
Hong Kong $320.86B
Israel $319.38B
Singapore $318.07B
Denmark $311.99B
Ireland $302.24B
Chile $250.34B
Finland $239.01B
Portugal $206.28B
Greece $195.22B
Czech Republic $195.09B
New Zealand $187.85B
Qatar $151.73B
Hungary $126.01B
Kuwait $109.42B
Puerto Rico $104.34B
Slovak Republic $89.85B
Oman $65.94B
Luxembourg $58.96B
Panama $57.96B
Uruguay $52.69B
Croatia $51.62B
Macao $45.32B
Slovenia $44.64B
Lithuania $42.97B
Bahrain $32.25B
Latvia $27.70B
Estonia $23.98B
Trinidad and Tobago $21.75B
Iceland $20.72B
Cyprus $20.45B
Bahamas $11.84B
Malta $11.44B
Brunei $11.40B
Isle of Man $6.59B
Monaco $6.47B
Liechtenstein $6.21B
Guam $5.79B
Barbados $4.53B
Virgin Islands (U.S.) $3.86B
Curacao $3.12B
Andorra $2.88B
Greenland $2.71B
Faroe Islands $2.69B
Aruba $2.65B
San Marino $1.56B
Antigua and Barbuda $1.46B
Seychelles $1.43B
Northern Mariana Islands $1.25B
St. Kitts and Nevis $0.96B
Turks and Caicos Islands $0.95B
Palau $0.30B
Faroe Islands GDP - Historical Data
Year GDP Per Capita Growth
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 %