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Faroe Islands

31 series · 1950–2025 · High income · Europe & Central Asia

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National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1962–202427,943 (2024)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1962–20244,053 (2024)
Real GDPMillions of local currencyrGDP2008–202421,800 (2024)
Real GDP per capitaConstant local currency per personrGDP_pc2008–2024398,979 (2024)
Real GDP (USD)Millions of US dollarsrGDP_USD2008–20243,240 (2024)
DeflatorIndex, 2015 = 100deflator2008–2024128.2 (2024)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD2008–202459,302 (2024)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1998–202419,133 (2024)
Total consumption (% of GDP)Percent of GDPcons_GDP1998–202468.5 (2024)
Total consumption (USD)Millions of US dollarscons_USD1998–20242,775 (2024)
Household consumptionMillions of local currencyhcons1998–202411,347 (2024)
Household consumption (% of GDP)Percent of GDPhcons_GDP1998–202440.6 (2024)
Household consumption (USD)Millions of US dollarshcons_USD1998–20241,646 (2024)
Government consumptionMillions of local currencygcons1998–20247,785 (2024)
Government consumption (% of GDP)Percent of GDPgcons_GDP1998–202427.9 (2024)
Government consumption (USD)Millions of US dollarsgcons_USD1998–20241,129 (2024)
Gross capital formationMillions of local currencyinv1998–20247,872 (2024)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1998–202428.2 (2024)
Gross capital formation (USD)Millions of US dollarsinv_USD1998–20241,142 (2024)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1962–202415,245 (2024)
Exports (% of GDP)Percent of GDPexports_GDP1962–202454.6 (2024)
Exports (USD)Millions of US dollarsexports_USD1962–20242,211 (2024)
ImportsMillions of local currencyimports1962–202414,306 (2024)
Imports (% of GDP)Percent of GDPimports_GDP1962–202451.2 (2024)
Imports (USD)Millions of US dollarsimports_USD1962–20242,075 (2024)
Current accountMillions of local currencyCA1998–20111,043 (2011)
Current account (% of GDP)Percent of GDPCA_GDP1998–20117.75 (2011)
USD exchange rateLocal currency per US dollarUSDfx1950–20256.62 (2025)
Current account (USD)Millions of US dollarsCA_USD1998–2011194.3 (2011)

Prices and labor markets

VariableCodeCoverageLatest
PopulationMillions of peoplepop1960–20250.0549 (2025)
Unemployment ratePercentunemp2000–20134.03 (2013)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →