Faroe Islands vs Greenland: GDP
GDP over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 27.94 billion current LCU against 22.92 billion current LCU in Greenland, a difference of 5.02 billion current LCU.
That makes Faroe Islands's figure about 1.2 times Greenland's.
The two have swapped places 6 times across 54 shared years of data; in 1970 it was Faroe Islands ahead.
Globally, Faroe Islands ranks 168th and Greenland ranks 170th of 213 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.