Statizoid

Faroe Islands vs Greenland: Gross value added at basic prices (GVA)

Faroe Islands
24.64 billion current LCU
in 2024
Greenland
22.00 billion current LCU
in 2023
Faroe Islands rank
165th
Greenland rank
167th

Gross value added at basic prices (GVA) over time

  • Faroe Islands
  • Greenland
5.0B10.0B15.0B20.0B25.0B199820112024

How they compare

Faroe Islands currently reports 24.64 billion current LCU against 22.00 billion current LCU in Greenland, a difference of 2.64 billion current LCU.

That makes Faroe Islands's figure about 1.1 times Greenland's.

The two have swapped places 3 times across 21 shared years of data; in 2003 it was Greenland ahead.

Globally, Faroe Islands ranks 165th and Greenland ranks 167th of 206 countries.

Individual pages

About this data

Indicator
Gross value added at basic prices (GVA) (current LCU)
Unit
current LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
206 places, 9,147 data points, 1960–2025
Last refreshed

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.