Economy & Growth in Faroe Islands
204 indicators covering economy & growth for Faroe Islands.
| Indicator | Latest | Year | 10-yr change | Rank |
|---|---|---|---|---|
| Trade in services | 24.0% | 2011 | up 71.7% | 92nd |
| Manufacturing, value added | 383.50 million current US$ | 2024 | up 44.9% | 157th |
| Manufacturing, value added | 2.64 billion current LCU | 2024 | up 78.0% | 156th |
| Manufacturing, value added | 9.5% | 2024 | up 4.2% | 107th |
| Industry (including construction), value added | 741.68 million current US$ | 2024 | up 62.4% | 165th |
| Industry (including construction), value added | 5.11 billion current LCU | 2024 | up 99.6% | 167th |
| Industry (including construction), value added | 18.3% | 2024 | up 16.8% | 141st |
| Services, value added | 2.18 billion current US$ | 2024 | up 29.1% | 172nd |
| Services, value added | 15.04 billion current LCU | 2024 | up 58.5% | 167th |
| Services, value added | 53.8% | 2024 | down 7.2% | 130th |
| Inflation, GDP deflator | 2.0% | 2024 | down 25.3% | 152nd |
| GDP deflator | 135.45 base year varies by country | 2024 | up 34.4% | 105th |
| Discrepancy in expenditure estimate of GDP | 100,000 current LCU | 2024 | — | 52nd |
| Gross value added at basic prices (GVA) | 3.57 billion current US$ | 2024 | up 38.3% | 169th |
| Gross value added at basic prices (GVA) | 24.64 billion current LCU | 2024 | up 69.9% | 165th |
| GDP | 4.05 billion current US$ | 2024 | up 39.1% | 176th |
| GDP | 27.94 billion current LCU | 2024 | up 70.9% | 168th |
| GDP | 3.24 billion constant 2015 US$ | 2024 | up 27.1% | 175th |
| GDP growth | 0.8% | 2024 | down 84.5% | 178th |
| GDP | 20.63 billion constant LCU | 2024 | up 27.1% | 163rd |
| GDP per capita | 74,175 current US$ | 2024 | up 23.3% | 15th |
| GDP per capita | 511,400 current LCU | 2024 | up 51.4% | 69th |
| GDP per capita | 59,302 constant 2015 US$ | 2024 | up 12.6% | 15th |
| GDP per capita growth | 0.4% | 2024 | down 92.1% | 167th |
| GDP per capita | 377,557 constant LCU | 2024 | up 12.6% | 62nd |
| Gross domestic savings | 1.28 billion current US$ | 2024 | up 95.4% | 135th |
| Gross domestic savings | 8.81 billion current LCU | 2024 | up 140.0% | 136th |
| Gross domestic savings | 31.5% | 2024 | up 40.5% | 41st |
| GNI, Atlas method | 4.00 billion current US$ | 2024 | up 36.5% | 171st |
| GNI | 4.12 billion current US$ | 2024 | up 36.5% | 172nd |
| Manufacturing value added to gdp, per capita | 0.0002 units per person | 2024 | down 7.7% | 3rd |
| Taxes less subsidies on products (current US$), annual growth rate | 12.6 % change on previous year | 2024 | up 24.9% | 66th |
| Taxes less subsidies on products (current US$), per unit of GDP | 0.1181 current US$ per US$ of GDP | 2024 | up 4.2% | 51st |
| Taxes less subsidies on products (current US$), per capita | 8,758 current US$ per person | 2024 | up 28.5% | 3rd |
| Taxes less subsidies on products (current LCU), annual growth rate | 12.68 % change on previous year | 2024 | up 26.6% | 56th |
| Taxes less subsidies on products (current LCU), per unit of GDP | 0.8141 current LCU per US$ of GDP | 2024 | up 28.0% | 99th |
| Taxes less subsidies on products (current LCU), per capita | 60,382 current LCU per person | 2024 | up 57.8% | 50th |
| Special drawing rights per domestic currency (End-of-period (EoP)) | 0.1074 | 2024 | down 4.8% | 88th |
| Domestic currency per Special drawing rights (End-of-period (EoP)) | 9.32 | 2024 | up 5.0% | 133rd |
| Domestic currency per US dollar (End-of-period (EoP)) | 7.14 | 2024 | up 16.7% | 129th |
| US dollar per domestic currency (End-of-period (EoP)) | 0.14 | 2024 | down 14.3% | 92nd |
| Gdp worldbank constant usd, annual growth rate | 0.8437 % change on previous year | 2024 | down 84.5% | 176th |
| Gdp worldbank constant usd, per unit of GDP | 0.7995 units per US$ of GDP | 2024 | down 8.6% | 120th |
| Gdp worldbank constant usd, per capita | 59,302 units per person | 2024 | up 12.6% | 15th |
| Manufacturing value added to gdp, per unit of GDP | 0 units per US$ of GDP | 2024 | down 25.1% | 24th |
| Net secondary income (Net current transfers from abroad) | 485.60 million current LCU | 2024 | down 41.0% | 123rd |
| GNI per capita, Atlas method | 73,120 current US$ | 2024 | up 21.0% | 14th |
| GNI per capita | 520,046 current LCU | 2024 | up 48.6% | 71st |
| Net primary income (Net income from abroad) | 68.52 million current US$ | 2024 | down 34.7% | 41st |
| Net primary income (Net income from abroad) | 472.40 million current LCU | 2024 | down 19.8% | 38th |
| Taxes less subsidies on products | 478.54 million current US$ | 2024 | up 45.0% | 149th |
| Taxes less subsidies on products | 3.30 billion current LCU | 2024 | up 78.1% | 152nd |
| Net secondary income (Net current transfers from abroad) | 70.43 million current US$ | 2024 | down 52.0% | 130th |
| Gdp worldbank constant usd | 3.24 billion | 2024 | up 27.1% | 174th |
| External balance on goods and services as a percent of gdp | 3.36 | 2024 | up 389.7% | 53rd |
| Gdp per capita worldbank constant usd | 59,302 | 2024 | up 12.6% | 15th |
| Manufacturing value added to gdp | 9.46 | 2024 | up 4.2% | 106th |
| GNI | 28.42 billion current LCU | 2024 | up 67.7% | 168th |
| Gdp per capita in international and market dollars | 59,302 | 2024 | up 12.6% | 15th |
| DEC alternative conversion factor | 6.89 LCU per US$ | 2024 | up 22.8% | 116th |