Statizoid

GDP in Faroe Islands

Faroe Islands: GDP was 20.35 billion constant LCU in 2023. β–² Rising

Latest (2023)
20.35 billion constant LCU
Change on year
up 2.5%
World rank
161st
of 209 countries
All-time high
20.35 billion constant LCU
in 2023
All-time low
13.11 billion constant LCU
in 2010
Years of data
16
2008–2023

GDP in Faroe Islands, 2008–2023

05.0B10.0B15.0B20.0B2008201520232008: 13.8B constant LCU2009: 13.2B constant LCU2010: 13.1B constant LCU2011: 13.6B constant LCU2012: 14.5B constant LCU2013: 15.4B constant LCU2014: 16.2B constant LCU2015: 16.4B constant LCU2016: 16.6B constant LCU2017: 17.2B constant LCU2018: 17.7B constant LCU2019: 18.5B constant LCU2020: 18.2B constant LCU2021: 19.2B constant LCU2022: 19.9B constant LCU2023: 20.3B constant LCU

Source: UNESCO Institute for Statistics. Measured in constant LCU.

Analysis

The most recent figure for gdp in Faroe Islands is 20.35 billion constant LCU, measured in 2023. 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 in Faroe Islands peaked at 20.35 billion constant LCU in 2023 and was at its lowest, 13.11 billion constant LCU, in 2010.

That places Faroe Islands 161st out of 209 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 16 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.48 billion constant LCU 13.16 billion constant LCU 13.79 billion constant LCU 2
2010s 15.92 billion constant LCU 13.11 billion constant LCU 18.48 billion constant LCU 10
2020s 19.39 billion constant LCU 18.17 billion constant LCU 20.35 billion constant LCU 4

Countries ranked near Faroe Islands

  1. 158 El Salvador 28.69 billion constant LCU compare
  2. 159 Seychelles 27.07 billion constant LCU compare
  3. 160 Lesotho 21.31 billion constant LCU compare
  4. 162 Brunei 19.70 billion constant LCU compare
  5. 163 Malta 17.32 billion constant LCU compare
  6. 164 Greenland 16.26 billion constant LCU compare

See the full ranking of 212 places β†’

More population data for Faroe Islands

All data for Faroe Islands β†’

Frequently asked questions

What is gdp in Faroe Islands?
Gdp in Faroe Islands was 20.35 billion constant LCU in 2023, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Faroe Islands?
The highest recorded value was 20.35 billion constant LCU in 2023.
What is the lowest gdp recorded in Faroe Islands?
The lowest recorded value was 13.11 billion constant LCU in 2010.
How does Faroe Islands rank for gdp?
Faroe Islands ranks 161st out of 209 countries with data for 2023.
Is gdp 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 (constant LCU). Statizoid updates them automatically from the source API.

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GDP in Faroe Islands. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-constant-lcu-2/faroe-islands/

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About this data

Indicator
GDP (constant LCU)
Unit
constant LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,234 data points, 1970–2024
Last refreshed

February 2026 Data Release