GDP in Faroe Islands
Faroe Islands: GDP was 26.92 billion current LCU in 2023. β Volatile
GDP in Faroe Islands, 1970β2023
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
Faroe Islands recorded 26.92 billion current LCU for gdp in 2023. That is the highest value across all 54 years on record.
The figure is up 6.7% on the previous year and up 78.2% over ten years.
Over the whole period, gdp in Faroe Islands peaked at 26.92 billion current LCU in 2023 and was at its lowest, 637.00 million current LCU, in 1970.
Faroe Islands ranks 166th of 208 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.40 billion current LCU | 637.00 million current LCU | 2.36 billion current LCU | 10 |
| 1980s | 4.80 billion current LCU | 2.78 billion current LCU | 6.52 billion current LCU | 10 |
| 1990s | 5.93 billion current LCU | 4.83 billion current LCU | 7.87 billion current LCU | 10 |
| 2000s | 10.89 billion current LCU | 8.63 billion current LCU | 12.73 billion current LCU | 10 |
| 2010s | 16.99 billion current LCU | 13.11 billion current LCU | 21.79 billion current LCU | 10 |
| 2020s | 24.15 billion current LCU | 21.40 billion current LCU | 26.92 billion current LCU | 4 |
Countries ranked near Faroe Islands
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)
- 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)
- Children per woman fertility rate vs level of prosperity 2.24 (2023)
Frequently asked questions
- What is gdp in Faroe Islands?
- Gdp in Faroe Islands was 26.92 billion current LCU in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Faroe Islands?
- The highest recorded value was 26.92 billion current LCU in 2023.
- What is the lowest gdp recorded in Faroe Islands?
- The lowest recorded value was 637.00 million current LCU in 1970.
- How does Faroe Islands rank for gdp?
- Faroe Islands ranks 166th out of 208 countries with data for 2023.
- Is gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 78.2%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 54 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release