Economy & Growth in Faroe Islands 157 indicators covering economy & growth for Faroe Islands. IndicatorLatest Year10-yr change Rank Price level index 90.36 GDP 2024 down 20.1% 17th PPP conversion factor, GDP 6.23 LCU per international $ 2024 down 1.9% 100th GDP: linked series 27.94 billion current LCU 2024 up 70.9% 168th GNI, PPP 4.56 billion current international $ 2024 up 70.9% 179th GNI per capita, PPP 83,480 current international $ 2024 up 51.5% 14th GNI: linked series 28.42 billion current LCU 2024 up 67.7% 167th Charges for the use of intellectual property, receipts 1.18 million BoP, current US$ 2011 up 5,815.9% 108th Adjusted savings: mineral depletion 0 current US$ 2021 — 94th Adjusted savings: mineral depletion 0.0% 2021 — 94th Adjusted savings: energy depletion 0 current US$ 2021 — 140th Adjusted savings: energy depletion 0.0% 2021 — 137th Households and NPISHs final consumption expenditure: linked series 11.35 billion current LCU 2024 up 42.5% 161st ICT service exports 4.4% 2011 up 44.1% 104th ICT service exports 9.12 million BoP, current US$ 2011 up 424.4% 155th Adjusted savings: gross savings 27.3% 2011 down 28.7% 63rd Adjusted savings: carbon dioxide damage 37.91 million current US$ 2021 up 84.3% 173rd Trade as a share of GDP 105.8% 2024 down 0.4% 58th Share of food products in total merchandise exports 88.0% 2009 down 5.8% 13th Share of manufactured products in total merchandise exports 7.4% 2009 up 40.4% 159th Annual growth of GDP per capita 0.4% 2024 down 92.1% 166th Adjusted savings: carbon dioxide damage 1.0% 2021 up 30.1% 143rd Share of population with improved sanitation vs. GDP per capita 90.9% 2015 unchanged 164th Trade in services as share of GDP 24.0% 2011 up 71.7% 91st Share of imports that come from China 6.3% 2024 down 37.6% 164th Imports of personal protective equipment per capita 26.39 current US$ 2009 up 102.9% 34th Gross domestic product (GDP) 1.67 billion current GBP 2013 up 83.6% 168th Merchandise exports by continent of destination 0.0% 2013 up 2,884.6% 166th Value of imported goods as a share of GDP 41.7% 2013 up 7.2% 87th GDP price levels relative to the US 0.9049 2024 down 20.0% 15th Price level relative to the US vs. GDP per capita 0.9049 2024 down 20.0% 15th Domestic material consumption per capita 9.6 tonnes 2023 up 2.9% 96th Share of global merchandise exports 0.0% 2023 unchanged 134th Annual GDP growth 2.5% 2023 down 57.5% 121st Value of exported goods as a share of GDP 50.7% 2013 up 33.0% 32nd Current account balance as a share of GDP 7.8% 2011 down 38.5% 24th Share of global services exports 0.0% 2022 unchanged 132nd Share of products from least-developed countries that have no tariff 84.1% 2023 down 1.1% 18th ← Previous Page 3 of 3