GDP in Faroe Islands
Faroe Islands: GDP was 3.91 billion current US$ in 2023. β Volatile
GDP in Faroe Islands, 1970β2023
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
The most recent figure for gdp in Faroe Islands is 3.91 billion current US$, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 9.6% on the previous year and up 45.2% over ten years.
Over the whole period, gdp in Faroe Islands peaked at 3.91 billion current US$ in 2023 and was at its lowest, 84.93 million current US$, in 1970.
Faroe Islands ranks 173rd of 208 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 235.36 million current US$ | 84.93 million current US$ | 448.57 million current US$ | 10 |
| 1980s | 618.12 million current US$ | 426.01 million current US$ | 968.58 million current US$ | 10 |
| 1990s | 935.95 million current US$ | 758.74 million current US$ | 1.13 billion current US$ | 10 |
| 2000s | 1.76 billion current US$ | 1.07 billion current US$ | 2.49 billion current US$ | 10 |
| 2010s | 2.77 billion current US$ | 2.33 billion current US$ | 3.27 billion current US$ | 10 |
| 2020s | 3.60 billion current US$ | 3.27 billion current US$ | 3.91 billion current US$ | 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 3.91 billion current US$ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Faroe Islands?
- The highest recorded value was 3.91 billion current US$ in 2023.
- What is the lowest gdp recorded in Faroe Islands?
- The lowest recorded value was 84.93 million current US$ in 1970.
- How does Faroe Islands rank for gdp?
- Faroe Islands ranks 173rd out of 208 countries with data for 2023.
- Is gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 45.2%. 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 US$). 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