EconomyThe World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
Faroe Islands's gdp annual growth rate stands at 0.8437% as of 2024-12-31, down from 3.16% in 2023. Historical data runs from 2009 to 2024 (16 observations).
In 2024, Faroe Islands's gdp annual growth rate was 0.8437%, down from 3.16% in 2023.
In 2023, Faroe Islands's gdp annual growth rate was 3.16%, down from 3.86% in 2022.
In 2022, Faroe Islands's gdp annual growth rate was 3.86%, down from 5.07% in 2021.
In 2021, Faroe Islands's gdp annual growth rate was 5.07%, up from -1.64% in 2020.
In 2020, Faroe Islands's gdp annual growth rate was -1.64%, down from 4.54% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 0.8437% | -2.32% |
| 2023 | 3.16% | -0.7023% |
| 2022 | 3.86% | -1.21% |
| 2021 | 5.07% | +6.7% |
| 2020 | -1.64% | -6.18% |
| 2019 | 4.54% | +1.77% |
| 2018 | 2.76% | -0.7483% |
| 2017 | 3.51% | +2.13% |
| 2016 | 1.39% | +0.4284% |
| 2015 | 0.958% | -4.47% |
| 2014 | 5.43% | -0.424% |
| 2013 | 5.86% | -1.23% |
| 2012 | 7.08% | +3.52% |
| 2011 | 3.57% | +3.95% |
| 2010 | -0.3798% | +4.17% |
| 2009 | -4.55% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Faroe Islands's gdp annual growth rate is 0.8437% as of 2024-12-31, compared with 3.16% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 7.08% (2012); the lowest is -4.55% (2009), across data from 2009 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.