EconomyThe World Bank — World Development Indicators (CC BY 4.0) · updated 2025-12-31
Faroe Islands's gdp annual growth rate stands at 0.4747% as of 2025-12-31, up from 0.4439% in 2024. Historical data runs from 1961 to 2025 (65 observations).
In 2025, Faroe Islands's gdp annual growth rate was 0.4747%, up from 0.4439% in 2024.
In 2024, Faroe Islands's gdp annual growth rate was 0.4439%, down from 0.9141% in 2023.
In 2023, Faroe Islands's gdp annual growth rate was 0.9141%, down from 1.14% in 2022.
In 2022, Faroe Islands's gdp annual growth rate was 1.14%, down from 1.38% in 2021.
In 2021, Faroe Islands's gdp annual growth rate was 1.38%, down from 1.48% in 2020.
| Year | Value | Change |
|---|---|---|
| 2025 | 0.4747% | +0.0308% |
| 2024 | 0.4439% | -0.4702% |
| 2023 | 0.9141% | -0.2277% |
| 2022 | 1.14% | -0.2374% |
| 2021 | 1.38% | -0.0984% |
| 2020 | 1.48% | -0.0653% |
| 2019 | 1.54% | -0.074% |
| 2018 | 1.62% | +0.1798% |
| 2017 | 1.44% | +0.2883% |
| 2016 | 1.15% | +0.1809% |
| 2015 | 0.9679% | +0.5914% |
| 2014 | 0.3765% | +0.4698% |
| 2013 | -0.0932% | +0.4273% |
| 2012 | -0.5205% | -0.2859% |
| 2011 | -0.2346% | +0.0405% |
| 2010 | -0.275% | -0.7743% |
| 2009 | 0.4993% | +0.1506% |
| 2008 | 0.3487% | +0.2598% |
| 2007 | 0.0889% | +0.1386% |
| 2006 | -0.0496% | +0.002% |
| 2005 | -0.0517% | -0.7819% |
| 2004 | 0.7302% | -0.7316% |
| 2003 | 1.46% | -0.0281% |
| 2002 | 1.49% | -0.4173% |
| 2001 | 1.91% | +0.5695% |
| 2000 | 1.34% | +0.2868% |
| 1999 | 1.05% | -0.1697% |
| 1998 | 1.22% | -0.0357% |
| 1997 | 1.26% | +1.33% |
| 1996 | -0.0688% | +2.39% |
| 1995 | -2.46% | +1.45% |
| 1994 | -3.9% | -2.17% |
| 1993 | -1.73% | -1.4% |
| 1992 | -0.3378% | +0.2799% |
| 1991 | -0.6177% | -0.1621% |
| 1990 | -0.4556% | -1.72% |
| 1989 | 1.27% | -0.1254% |
| 1988 | 1.39% | +0.1626% |
| 1987 | 1.23% | +0.3069% |
| 1986 | 0.9212% | -0.3293% |
| 1985 | 1.25% | +0.2016% |
| 1984 | 1.05% | -0.0745% |
| 1983 | 1.12% | -0.1181% |
| 1982 | 1.24% | -0.0365% |
| 1981 | 1.28% | -0.0095% |
| 1980 | 1.29% | -0.0216% |
| 1979 | 1.31% | +0.1105% |
| 1978 | 1.2% | +0.1123% |
| 1977 | 1.09% | -0.0218% |
| 1976 | 1.11% | -0.0373% |
| 1975 | 1.15% | -0.0335% |
| 1974 | 1.18% | +0.0013% |
| 1973 | 1.18% | -0.0269% |
| 1972 | 1.2% | +0.0768% |
| 1971 | 1.13% | +0.1773% |
| 1970 | 0.9504% | +0.0308% |
| 1969 | 0.9196% | -0.0381% |
| 1968 | 0.9577% | -0.0853% |
| 1967 | 1.04% | -0.2391% |
| 1966 | 1.28% | -0.1031% |
| 1965 | 1.39% | +0.1049% |
| 1964 | 1.28% | +0.0635% |
| 1963 | 1.22% | +0.0487% |
| 1962 | 1.17% | -0.0841% |
| 1961 | 1.25% | — |
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 0.4747% as of 2025-12-31, compared with 0.4439% in 2024. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 1.91% (2001); the lowest is -3.9% (1994), across data from 1961 to 2025.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.