EconomyFaroe Islands's GDP growth rate is 0.8437% as of 2024-12-31, according to national statistics offices and central banks. Other tracked indicators include GDP (current US$) at 4.05B, GDP per capita at 74,175, GNI per capita at 73,120.
| Indicator | Last | Change | Trend | Previous | Highest | Lowest | Unit | Date |
|---|---|---|---|---|---|---|---|---|
| GDP growth rate | 0.8437% | -2.32 | 3.16% | 7.08% | -4.55% | % | 2024-12-31 | |
| GDP (current US$) | 4.05B | +109.81M | 3.94B | 4.05B | 57.95M | USD | 2024-12-31 | |
| GDP per capita | 74,175 | +1,689 | 72,487 | 74,175 | 1,594 | US$ | 2024-12-31 | |
| GNI per capita | 73,120 | -300 | 73,420 | 73,420 | 49,050 | US$ | 2024-12-31 | |
| Inflation rate | — | — | — | — | — | — | % | — |
| Unemployment rate | 4.03% | +1.01 | 3.03% | 6.39% | 1.73% | % | 2013-12-31 | |
| Lending interest rate | — | — | — | — | — | — | % | — |
| Current account | 7.75% | +1.57 | 6.19% | 20.27% | -3.44% | % of GDP | 2011-12-31 | |
| Exports | 54.56% | -2.64 | 57.19% | 61.37% | 31.52% | % of GDP | 2024-12-31 | |
| Imports | 51.2% | -4.95 | 56.14% | 64.6% | 28.9% | % of GDP | 2024-12-31 | |
| Remittances | 6.32% | +0.0438 | 6.28% | 6.32% | 2.85% | % of GDP | 2011-12-31 | |
| Government debt | — | — | — | — | — | — | % of GDP | — |
| Gross savings | 28.78% | +5.43 | 23.34% | 41.93% | 11.96% | % of GDP | 2011-12-31 | |
| Gross capital formation | 28.17% | -3.21 | 31.38% | 32.32% | 16.26% | % of GDP | 2024-12-31 | |
| Population | 54,900 | +260 | 54,640 | 54,900 | 34,127 | people | 2025-12-31 | |
| Life expectancy | 83.08 | +0.1311 | 82.95 | 83.08 | 72.11 | years | 2024-12-31 |
Faroe Islands's GDP growth is 0.8437% as of 2024-12-31, according to national statistics offices and central banks.
Faroe Islands has 53 macroeconomic and markets indicators on ECONOMY, sourced from national statistics offices and central banks, last updated 2025-12-31.
Last updated 2025-12-31