Faroe Islands vs Venezuela: GDP
GDP over time
- Faroe Islands
- Venezuela
How they compare
Faroe Islands currently reports 20.63 billion constant LCU against 16.99 billion constant LCU in Venezuela, a difference of 3.64 billion constant LCU.
That makes Faroe Islands's figure about 1.2 times Venezuela's.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Venezuela ahead.
Globally, Faroe Islands ranks 163rd and Venezuela ranks 166th of 214 countries.
Individual pages
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.