GDP at market prices in Faroe Islands
Faroe Islands: GDP at market prices was 3.20 billion constant 2010 US$ in 2023. β² Rising
GDP at market prices in Faroe Islands, 2008β2023
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
In 2023, gdp at market prices in Faroe Islands stood at 3.20 billion constant 2010 US$. That is the highest value across all 16 years on record.
The figure is up 2.5% on the previous year and up 32.2% over ten years.
Over the whole period, gdp at market prices in Faroe Islands peaked at 3.20 billion constant 2010 US$ in 2023 and was at its lowest, 2.06 billion constant 2010 US$, in 2010.
Faroe Islands ranks 173rd of 208 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.12 billion constant 2010 US$ | 2.07 billion constant 2010 US$ | 2.17 billion constant 2010 US$ | 2 |
| 2010s | 2.50 billion constant 2010 US$ | 2.06 billion constant 2010 US$ | 2.90 billion constant 2010 US$ | 10 |
| 2020s | 3.05 billion constant 2010 US$ | 2.85 billion constant 2010 US$ | 3.20 billion constant 2010 US$ | 4 |
Countries ranked near Faroe Islands
- 170 Burundi 3.59 billion constant 2010 US$ compare
- 171 Andorra, Principality of 3.36 billion constant 2010 US$ compare
- 172 Aruba, Kingdom of the Netherlands 3.35 billion constant 2010 US$ compare
- 174 Greenland 2.84 billion constant 2010 US$ compare
- 175 Belize 2.76 billion constant 2010 US$ compare
- 176 Bhutan 2.74 billion constant 2010 US$ compare
More population data for Faroe Islands
- Population growth rate by level of development -0.247 (2100)
- Projected population under age 5 2,935 (2100)
- Population density 46.18 (2100)
- Population growth rate -0.247 (2100)
- Projected population under age 5, annual growth rate -0.4747 % change on previous year (2100)
- Fertility and wanted fertility 1.91 (2024)
- Fertility vs unmet contraception 1.91 (2024)
- Fertility vs contraception 1.91 (2024)
- Natural population growth 0.2303 (2023)
- Fertility rate with projections 2.24 (2023)
Frequently asked questions
- What is gdp at market prices in Faroe Islands?
- Gdp at market prices in Faroe Islands was 3.20 billion constant 2010 US$ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Faroe Islands?
- The highest recorded value was 3.20 billion constant 2010 US$ in 2023.
- What is the lowest gdp at market prices recorded in Faroe Islands?
- The lowest recorded value was 2.06 billion constant 2010 US$ in 2010.
- How does Faroe Islands rank for gdp at market prices?
- Faroe Islands ranks 173rd out of 208 countries with data for 2023.
- Is gdp at market prices rising or falling in Faroe Islands?
- Over the last ten years it is up 32.2%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 16 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release