Europe & Central Asia
🇫🇴 Faroe Islands
Real-time economic and demographic statistics for Faroe Islands
GDP
#176
of 214
Population
#204
of 217
GDP per Capita
#18
of 214
GDP Growth
#192
of 214
Share of World
0.00%
of world GDP
Income Level
High income
Faroe Islands GDP (2014–2023)
+2.49%annual growth
Chart data: 2014: 2,914,012,679.273 USD, 2015: 2,573,905,971.055 USD, 2016: 2,813,278,868.782 USD, 2017: 2,980,057,377.88 USD, 2018: 3,188,600,927.467 USD, 2019: 3,266,432,734.228 USD, 2020: 3,271,813,311.583 USD, 2021: 3,664,686,796.627 USD, 2022: 3,566,698,397.66 USD, 2023: 3,907,323,961.34 USD
Demographics
54,719
Population
+0.51%annual growth
Frequently Asked Questions
- What is Faroe Islands's GDP?
- Faroe Islands's GDP is approximately $3.9 billion (2023, representing 0.0% of world GDP), making it the #176 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Faroe Islands's population?
- Faroe Islands has a population of approximately 54,719 — the #204 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Faroe Islands's GDP per capita?
- Faroe Islands's GDP per capita is approximately $71,774, ranking #18 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Faroe Islands's economy growing?
- Faroe Islands's economy is currently growing at approximately 2.5% per year, ranking #192 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Faroe Islands in?
- Faroe Islands is located in the Europe & Central Asia region and is classified as a high income economy by the World Bank. This classification is based on gross national income (GNI) per capita.