Gross domestic product (GDP), US dollars in Faroe Islands

Gross domestic product (GDP), US dollars in Faroe Islands was $4.05 billion in 2024, according to the World Bank. That is up 2.8% from 2023. That is the 167th highest of 199 countries in 2024.

2024, USD million4,052.9
Change on 2023+2.8%
Rank167th of 199Countries ranked
Series high4,052.92024
Series low581965

Gross domestic product (GDP), US dollars in Faroe Islands, 1965 to 2024

CSVChart (SVG)

01,0002,0003,0004,0005,000196519741983199220012010201920241965: 58 USD million1966: 64.4 USD million1967: 66.2 USD million1968: 65.2 USD million1969: 70.1 USD million1970: 84.9 USD million1971: 99.2 USD million1972: 119.3 USD million1973: 161.2 USD million1974: 196.8 USD million1975: 227.4 USD million1976: 270.5 USD million1977: 347.8 USD million1978: 397.8 USD million1979: 448.6 USD million1980: 493 USD million1981: 456.2 USD million1982: 444 USD million1983: 486.6 USD million1984: 426 USD million1985: 459.3 USD million1986: 688.9 USD million1987: 886.5 USD million1988: 968.6 USD million1989: 871.9 USD million1990: 960.8 USD million1991: 909.3 USD million1992: 912.7 USD million1993: 761 USD million1994: 758.7 USD million1995: 901.4 USD million1996: 989.5 USD million1997: 933.8 USD million1998: 1,104.7 USD million1999: 1,127.7 USD million2000: 1,067.1 USD million2001: 1,160.3 USD million2002: 1,275.1 USD million2003: 1,501.9 USD million2004: 1,724.8 USD million2005: 1,759.7 USD million2006: 2,017.7 USD million2007: 2,339 USD million2008: 2,489.9 USD million2009: 2,296.1 USD million2010: 2,331.8 USD million2011: 2,505.7 USD million2012: 2,427.2 USD million2013: 2,690.1 USD million2014: 2,914 USD million2015: 2,573.9 USD million2016: 2,813.3 USD million2017: 2,980.1 USD million2018: 3,188.6 USD million2019: 3,266.4 USD million2020: 3,271.8 USD million2021: 3,699.6 USD million2022: 3,615.2 USD million2023: 3,943.1 USD million2024: 4,052.9 USD million
USD million. Source: World Bank. Retrieved 2026-10-09, published 2026-10-08.
All 60 values
PeriodUSD million
20244,052.9
20233,943.1
20223,615.2
20213,699.6
20203,271.8
20193,266.4
20183,188.6
20172,980.1
20162,813.3
20152,573.9
20142,914
20132,690.1
20122,427.2
20112,505.7
20102,331.8
20092,296.1
20082,489.9
20072,339
20062,017.7
20051,759.7
20041,724.8
20031,501.9
20021,275.1
20011,160.3
20001,067.1
19991,127.7
19981,104.7
1997933.8
1996989.5
1995901.4
1994758.7
1993761
1992912.7
1991909.3
1990960.8
1989871.9
1988968.6
1987886.5
1986688.9
1985459.3
1984426
1983486.6
1982444
1981456.2
1980493
1979448.6
1978397.8
1977347.8
1976270.5
1975227.4
1974196.8
1973161.2
1972119.3
197199.2
197084.9
196970.1
196865.2
196766.2
196664.4
196558

Rankings

Definition

GDP at current prices, millions of US dollars. United States: Bureau of Economic Analysis GDP by state (the national figure is the total of the same table) and GDP by county. Other countries and the World: World Bank, converted from national currency at official annual average exchange rates.

US dollars, for the United States, its states and counties, and for every country and the World from the World Bank. For Spain and the EU in euros use gdp. Exchange rate swings move dollar values even when output does not.

How to cite

World Bank, World Development Indicators. GDP, current US$ (NY.GDP.MKTP.CD). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Retrieved 2026-10-09.

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Questions

What is the GDP (US dollars) in Faroe Islands?

Gross domestic product (GDP), US dollars in Faroe Islands was $4.05 billion in 2024, according to the World Bank. That is up 2.8% from 2023. That is the 167th highest of 199 countries in 2024.

Where does this figure come from?

World Bank. GDP, current US$ (NY.GDP.MKTP.CD). Retrieved by Invokely on 2026-10-09.

What was the highest GDP (US dollars) in Faroe Islands?

$4.05 billion in 2024, the highest value since 1965 in this series.

More statistics for Faroe Islands

All statistics for Faroe Islands