Economy & Growth in Faroe Islands

401 indicators covering economy & growth for Faroe Islands.

IndicatorLatest Year10-yr change Rank
Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person 2024 up 50.6% 68th
General government final consumption expenditure (current US$) 6.18 % change on previous year 2024 up 117.1% 120th
General government final consumption expenditure (current US$), per 0.2786 current US$ per US$ of GDP 2024 down 3.5% 14th
General government final consumption expenditure (current US$), per 20,666 current US$ per person 2024 up 19.0% 5th
General government final consumption expenditure (current LCU) 6.25 % change on previous year 2024 up 125.3% 102nd
General government final consumption expenditure (current LCU), per 1.92 current LCU per US$ of GDP 2024 up 18.6% 102nd
General government final consumption expenditure (current LCU), per 142,484 current LCU per person 2024 up 46.2% 48th
Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year 2024 down 7.9% 160th
Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP 2024 down 16.6% 174th
Households and NPISHs Final consumption expenditure (current US$) 30,122 current US$ per person 2024 up 2.8% 20th
Households and NPISHs Final consumption expenditure (current LCU) 2.89 % change on previous year 2024 down 3.4% 166th
Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP 2024 up 2.4% 111th
Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person 2024 up 26.3% 74th
Final consumption expenditure (current US$), annual growth rate 4.16 % change on previous year 2024 up 39.6% 146th
Final consumption expenditure (current US$), per unit of GDP 0.6847 current US$ per US$ of GDP 2024 down 11.7% 148th
Final consumption expenditure (current US$), per capita 50,788 current US$ per person 2024 up 8.8% 9th
Final consumption expenditure (current LCU), annual growth rate 4.23 % change on previous year 2024 up 45.4% 148th
Final consumption expenditure (current LCU), per unit of GDP 4.72 current LCU per US$ of GDP 2024 up 8.5% 110th
Final consumption expenditure (current LCU), per capita 350,156 current LCU per person 2024 up 33.7% 69th
Gross national expenditure (current US$), annual growth rate 0.3888 % change on previous year 2024 down 90.9% 163rd
Gross national expenditure (current US$), per unit of GDP 0.9664 current US$ per US$ of GDP 2024 down 2.7% 132nd
Gross national expenditure (current US$), per capita 71,683 current US$ per person 2024 up 20.0% 8th
Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year 2024 down 89.1% 175th
Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP 2024 up 19.5% 109th
Gross national expenditure (current LCU), per capita 494,217 current LCU per person 2024 up 47.3% 63rd
Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year 2024 down 144.9% 159th
Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP 2024 up 2.1% 49th
Exports of goods and services (current US$), per capita 40,467 current US$ per person 2024 up 25.9% 17th
Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year 2024 down 144.1% 161st
Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP 2024 up 25.5% 104th
Exports of goods and services (current LCU), per capita 279,001 current LCU per person 2024 up 54.7% 49th
Gross capital formation (current US$), annual growth rate -7.73 % change on previous year 2024 down 184.6% 169th
Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP 2024 up 29.5% 49th
Gross capital formation (current US$), per capita 20,895 current US$ per person 2024 up 59.6% 9th
Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year 2024 down 184.5% 171st
Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP 2024 up 59.0% 100th
Gross capital formation (current LCU), per capita 144,061 current LCU per person 2024 up 96.1% 54th
Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year 2024 down 144.6% 180th
Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP 2024 down 2.9% 82nd
Imports of goods and services (current US$), per capita 37,975 current US$ per person 2024 up 19.7% 14th
Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year 2024 down 135.9% 182nd
Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP 2024 up 19.3% 107th
Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP 2024 down 7.2% 130th
Manufacturing, value added (current LCU), per capita 48,390 current LCU per person 2024 up 57.7% 68th
Industry (including construction), value added (current US$), annual -5.14 % change on previous year 2024 down 122.5% 187th
Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP 2024 up 16.8% 141st
Industry (including construction), value added (current LCU), annual -5.07 % change on previous year 2024 down 122.3% 192nd
Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.08 current LCU per US$ of GDP 2024 up 22.2% 115th
Industry (including construction), value added (current LCU), per 1.26 current LCU per US$ of GDP 2024 up 43.5% 122nd
Gross value added at basic prices (GVA) (current LCU), annual growth 1.67 % change on previous year 2024 down 79.2% 185th
Industry (including construction), value added (current LCU), per 93,585 current LCU per person 2024 up 76.9% 69th
Services, value added (current US$), annual growth rate 7.14 % change on previous year 2024 up 65.4% 124th
Services, value added (current LCU), per capita 275,271 current LCU per person 2024 up 40.5% 66th
Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP 2024 down 0.5% 154th
Gross value added at basic prices (GVA) (current US$), per capita 65,417 current US$ per person 2024 up 22.6% 17th
Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year 2024 down 80.3% 182nd
GDP deflator (base year varies by country), annual growth rate 2 % change on previous year 2024 down 25.3% 152nd
Services, value added (current LCU), annual growth rate 7.22 % change on previous year 2024 up 70.0% 100th
Services, value added (current US$), per capita 39,926 current US$ per person 2024 up 14.4% 23rd
Industry (including construction), value added (current US$), per 13,574 current US$ per person 2024 up 44.0% 21st