GDP deflator (base year varies by country), annual growth rate in Faroe Islands
Faroe Islands: GDP deflator (base year varies by country), annual growth rate was 4.07 % change on previous year in 2023. ◆ Volatile
GDP deflator (base year varies by country), annual growth rate in Faroe Islands, 2009–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gdp deflator (base year varies by country), annual growth rate in Faroe Islands stood at 4.07 % change on previous year.
Compared with earlier readings it is down 29.5% on the previous year and up 168.6% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Faroe Islands peaked at 7.87 % change on previous year in 2016 and was at its lowest, -2.4 % change on previous year, in 2012.
That places Faroe Islands 96th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP deflator (base year varies by country), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 1.59 % change on previous year | — |
| 2010 | 6.95 % change on previous year | +335.8% |
| 2011 | -0.952 % change on previous year | -113.7% |
| 2012 | -2.4 % change on previous year | +152.1% |
| 2013 | 1.52 % change on previous year | -163.2% |
| 2014 | 2.67 % change on previous year | +76.2% |
| 2015 | 4.88 % change on previous year | +82.6% |
| 2016 | 7.87 % change on previous year | +61.2% |
| 2017 | 0.3755 % change on previous year | -95.2% |
| 2018 | -0.4256 % change on previous year | -213.4% |
| 2019 | 3.5 % change on previous year | -922.4% |
| 2020 | -0.1119 % change on previous year | -103.2% |
| 2021 | 2.03 % change on previous year | -1909.6% |
| 2022 | 5.78 % change on previous year | +185.3% |
| 2023 | 4.07 % change on previous year | -29.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.59 % change on previous year | 1.59 % change on previous year | 1.59 % change on previous year | 1 |
| 2010s | 2.4 % change on previous year | -2.4 % change on previous year | 7.87 % change on previous year | 10 |
| 2020s | 2.94 % change on previous year | -0.1119 % change on previous year | 5.78 % change on previous year | 4 |
Countries ranked near Faroe Islands
- 93 Fiji 4.2 % change on previous year compare
- 94 Vietnam 4.16 % change on previous year compare
- 95 Chad 4.1 % change on previous year compare
- 97 South Korea 4.07 % change on previous year compare
- 98 United Kingdom 4.01 % change on previous year compare
- 99 Czechia 3.98 % change on previous year compare
More population data for Faroe Islands
- Population regions with projections, annual growth rate -0.2397 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.07 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2397 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1096 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.4747 % change on previous year (2100)
- World population growth -0.2% (2100)
- Population density 46.18 people per km² (2100)
- Number of children under 5, by world region 2,935 people (2100)
- Population growth rate, by level of development -0.2% (2100)
- Number of people living in urban and rural areas, annual growth rate 1.68 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Faroe Islands?
- Gdp deflator (base year varies by country), annual growth rate in Faroe Islands was 4.07 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 7.87 % change on previous year in 2016.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -2.4 % change on previous year in 2012.
- How does Faroe Islands rank for gdp deflator (base year varies by country), annual growth rate?
- Faroe Islands ranks 96th out of 211 countries with data for 2023.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 168.6%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.