Estonia vs Faroe Islands: GDP
GDP over time
- Estonia
- Faroe Islands
How they compare
Estonia currently reports 29.11 billion constant LCU against 20.63 billion constant LCU in Faroe Islands, a difference of 8.49 billion constant LCU.
That makes Estonia's figure about 1.4 times Faroe Islands's.
Across all 17 years both countries report, Estonia has been ahead every year.
Globally, Estonia ranks 160th and Faroe Islands ranks 163rd of 214 countries.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.