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 |
|---|---|---|---|---|---|---|---|---|
| Current account (value) | 194.30M | +50.03M | 144.28M | 223.97M | -80.57M | USD | 2011-12-31 | |
| Current account | 7.75% | +1.57 | 6.19% | 20.27% | -3.44% | % of GDP | 2011-12-31 | |
| Exports (value) | 2.21B | -44.13M | 2.26B | 2.26B | 20.55M | USD | 2024-12-31 | |
| Exports | 54.56% | -2.64 | 57.19% | 61.37% | 31.52% | % of GDP | 2024-12-31 | |
| Foreign direct investment | — | — | — | — | — | — | USD | — |
| Imports (value) | 2.07B | -138.77M | 2.21B | 2.22B | 26.39M | USD | 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 | |
| Terms of trade | 102.9 | -0.7 | 103.6 | 105.5 | 76.9 | index | 2023-12-31 |
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