Faroe Islands GNP 2010-2024

GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
  • Faroe Islands gnp for 2021 was $3.68B, a 9.25% increase from 2020.
  • Faroe Islands gnp for 2020 was $3.37B, a 1.84% decline from 2019.
  • Faroe Islands gnp for 2019 was $3.43B, a 6.96% increase from 2018.
  • Faroe Islands gnp for 2018 was $3.21B, a 10.31% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $23,539.92B
Japan $5,461.34B
Germany $4,298.33B
United Kingdom $3,001.90B
France $2,991.55B
Italy $2,135.64B
Canada $1,862.22B
South Korea $1,816.73B
Australia $1,468.51B
Spain $1,407.94B
Netherlands $967.49B
Saudi Arabia $859.77B
Switzerland $773.83B
Poland $636.06B
Sweden $627.09B
Belgium $585.79B
Austria $472.47B
Israel $461.52B
Argentina $456.14B
Norway $449.92B
UAE $407.04B
Hong Kong $403.08B
Denmark $400.04B
Ireland $383.08B
Singapore $343.56B
Finland $295.25B
Chile $288.41B
Czech Republic $257.69B
Portugal $246.54B
New Zealand $233.93B
Greece $212.81B
Hungary $172.63B
Qatar $167.65B
Kuwait $143.59B
Slovak Republic $112.42B
Oman $81.16B
Puerto Rico $73.29B
Croatia $68.38B
Panama $63.79B
Lithuania $60.93B
Slovenia $59.61B
Luxembourg $56.45B
Uruguay $55.34B
Latvia $37.38B
Bahrain $36.18B
Estonia $35.22B
Macao $30.88B
Cyprus $25.63B
Iceland $23.52B
Trinidad and Tobago $22.89B
Malta $16.16B
Brunei $13.50B
Bahamas $11.13B
Bermuda $7.65B
Barbados $4.75B
Cayman Islands $4.44B
Faroe Islands $3.68B
Aruba $3.14B
Curacao $2.81B
San Marino $1.59B
Antigua and Barbuda $1.50B
Sint Maarten (Dutch part) $1.35B
Seychelles $1.31B
Turks and Caicos Islands $1.04B
St. Kitts and Nevis $0.91B
Palau $0.23B
Faroe Islands GNP - Historical Data
Year GNP Per Capita Growth Rate
2021 $3.68B $69,560 %
2020 $3.37B $64,250 %
2019 $3.43B $66,380 %
2018 $3.21B $62,940 %
2017 $2.91B $57,880 %
2016 $2.84B $57,400 %
2015 $2.82B $57,780 %
2014 $2.93B $60,390 %
2013 $2.87B $59,300 %
2012 $2.73B $56,390 %
2011 $2.59B $53,610 %
2010 $2.39B $49,280 %