GDP, PPP (constant 2011 international $) in Faroe Islands
Faroe Islands: GDP, PPP (constant 2011 international $) was 3.83 billion constant 2011 international $ in 2023. ▲ Rising
Latest (2023)
3.83 billion constant 2011 international $
Change on year
up 2.5%
World rank
177th
of 198 countries
All-time high
3.83 billion constant 2011 international $
in 2023
All-time low
2.47 billion constant 2011 international $
in 2010
Years of data
16
2008–2023
GDP, PPP in Faroe Islands, 2008–2023
Source: UNESCO Institute for Statistics. Measured in constant 2011 international $.
Analysis
Faroe Islands recorded 3.83 billion constant 2011 international $ for gdp, ppp 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, ppp in Faroe Islands peaked at 3.83 billion constant 2011 international $ in 2023 and was at its lowest, 2.47 billion constant 2011 international $, in 2010.
That places Faroe Islands 177th out of 198 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.
GDP, PPP (constant 2011 international $) in Faroe Islands, year by year
| Year | constant 2011 international $ | Change |
|---|---|---|
| 2008 | 2.60 billion constant 2011 international $ | — |
| 2009 | 2.48 billion constant 2011 international $ | -4.6% |
| 2010 | 2.47 billion constant 2011 international $ | -0.4% |
| 2011 | 2.56 billion constant 2011 international $ | +3.6% |
| 2012 | 2.74 billion constant 2011 international $ | +7.1% |
| 2013 | 2.90 billion constant 2011 international $ | +5.9% |
| 2014 | 3.06 billion constant 2011 international $ | +5.4% |
| 2015 | 3.09 billion constant 2011 international $ | +1.0% |
| 2016 | 3.13 billion constant 2011 international $ | +1.4% |
| 2017 | 3.24 billion constant 2011 international $ | +3.5% |
| 2018 | 3.33 billion constant 2011 international $ | +2.8% |
| 2019 | 3.48 billion constant 2011 international $ | +4.5% |
| 2020 | 3.42 billion constant 2011 international $ | -1.6% |
| 2021 | 3.61 billion constant 2011 international $ | +5.5% |
| 2022 | 3.74 billion constant 2011 international $ | +3.6% |
| 2023 | 3.83 billion constant 2011 international $ | +2.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 3.83 billion constant 2011 international $ is below the median for high income countries, which is 206.18 billion constant 2011 international $, 2% of the median. (74 countries reporting)
- Faroe Islands's 3.83 billion constant 2011 international $ is below the median for Europe & Central Asia, which is 245.21 billion constant 2011 international $, 2% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.54 billion constant 2011 international $ | 2.48 billion constant 2011 international $ | 2.60 billion constant 2011 international $ | 2 |
| 2010s | 3.00 billion constant 2011 international $ | 2.47 billion constant 2011 international $ | 3.48 billion constant 2011 international $ | 10 |
| 2020s | 3.65 billion constant 2011 international $ | 3.42 billion constant 2011 international $ | 3.83 billion constant 2011 international $ | 4 |
Countries ranked near Faroe Islands
- 174 Aruba 4.35 billion constant 2011 international $ compare
- 175 Curacao 4.31 billion constant 2011 international $ compare
- 176 Greenland 4.04 billion constant 2011 international $ compare
- 178 Seychelles 3.55 billion constant 2011 international $ compare
- 179 Comoros 3.09 billion constant 2011 international $ compare
- 180 Antigua and Barbuda 2.77 billion constant 2011 international $ 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)
- Population growth rate -0.247 (2100)
- Population density 46.18 (2100)
- Projected population under age 5 2,935 (2100)
- Population growth rate by level of development -0.247 (2100)
- Urbanization vs gdp, annual growth rate 0.5838 % change on previous year (2025)
Frequently asked questions
- What is gdp, ppp in Faroe Islands?
- Gdp, ppp in Faroe Islands was 3.83 billion constant 2011 international $ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp, ppp recorded in Faroe Islands?
- The highest recorded value was 3.83 billion constant 2011 international $ in 2023.
- What is the lowest gdp, ppp recorded in Faroe Islands?
- The lowest recorded value was 2.47 billion constant 2011 international $ in 2010.
- How does Faroe Islands rank for gdp, ppp?
- Faroe Islands ranks 177th out of 198 countries with data for 2023.
- Is gdp, ppp 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, PPP (constant 2011 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release