Real GDP growth in Faroe Islands
Real GDP in Faroe Islands changed by 0.8% in 2024.
Faroe Islands, 2024
0.8%
Change from 2023
−2.3percentage points
World, 2024
2.9%
Real GDP growth in Faroe Islands over time
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Faroe Islands
World
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
Annual % change. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.
| Period | Faroe Islands | World |
|---|---|---|
| 2025 | – | 2.9% |
| 2024 | 0.8% | 2.9% |
| 2023 | 3.2% | 2.9% |
| 2022 | 3.9% | 3.4% |
| 2021 | 5.1% | 6.5% |
| 2020 | -1.6% | -2.9% |
| 2019 | 4.5% | 2.7% |
| 2018 | 2.8% | 3.3% |
| 2017 | 3.5% | 3.4% |
| 2016 | 1.4% | 2.8% |
| 2015 | 1.0% | 3.1% |
| 2014 | 5.4% | 3.2% |
| 2013 | 5.9% | 2.9% |
| 2012 | 7.1% | 2.7% |
| 2011 | 3.6% | 3.3% |
| 2010 | -0.4% | 4.5% |
| 2009 | -4.6% | -1.3% |
| 2008 | – | 2.1% |
| 2007 | – | 4.4% |
| 2006 | – | 4.5% |
| 2005 | – | 4.1% |
| 2004 | – | 4.5% |
| 2003 | – | 3.1% |
| 2002 | – | 2.3% |
| 2001 | – | 2.0% |
A dash means no value was published for that period.
In short
- That is a change of −2.3 percentage points from 3.2% in 2023.
- Since 2014, when it was 5.4%, the figure has changed by −4.6 percentage points.
- The figure for the world in 2024 was 2.9%.
More for Faroe Islands
All statistics for Faroe Islands
GDP in US dollars
US$4.1 billion
2024 · World Bank
GDP per capita in US dollars
US$74,175 per person
2024 · World Bank
GDP per capita, PPP
Int$72,114 per person
2024 · World Bank
GNI per capita, Atlas method
US$73,120 per person
2024 · World Bank
Services share of GDP
53.8%
2024 · World Bank
Investment share of GDP
28.2%
2024 · World Bank