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

Faroe Islands

3.57 billion current US$

in 2024

Greenland

3.19 billion current US$

in 2023

Faroe Islands rank

170th

Greenland rank

173rd

Gross value added at basic prices (GVA) over time

Faroe Islands
Greenland

How they compare

Faroe Islands currently reports 3.57 billion current US$ against 3.19 billion current US$ in Greenland, a difference of 381.19 million current US$.

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 170th and Greenland ranks 173rd of 206 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (current US$)
Unit: current US$
Source: Country official statistics, National Statistical Offices (NSOs)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 244 places, 10,967 data points, 1960–2025
Last refreshed: 06 August 2026

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 indicator is expressed in United States dollars.