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Faroe Islands: Nominal GDP

Millions of local currency · 1962–2024 · 63 observations · nGDP

2024
27.9 billionlocal currency
Change on 2023
+2.9%year on year
Average growth, 2014–2024
+5.5%a year
In US dollars, 2024
$4.05 billionUS dollars

Nominal GDP

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100M1B10B100B197019801990200020102020Faroe IslandsFaroe Islands
Local currency

Compare with other countries →Definition of Nominal GDP

Recent values

Millions of local currency

YearValue
202427,943
202327,167
202225,582
202123,260
202021,405
201921,785
201820,135
201719,677
201618,938
201517,317

Sources

  • World Development Indicators1962–2024

Compare these sources →

Faroe Islands documentation (PDF)

More for Faroe Islands

Real GDP per capita (USD)Real GDPUnemployment rateCurrent account (% of GDP)PopulationExports (% of GDP)All 31 series →

Nominal GDP elsewhere

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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 →

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