Faroe Islands GDP Growth Rate 2009-2024
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
- Faroe Islands gdp growth rate for 2022 was 5.40%, a 0.36% decline from 2021.
- Faroe Islands gdp growth rate for 2021 was 5.76%, a 7.68% increase from 2020.
- Faroe Islands gdp growth rate for 2020 was -1.93%, a 6.32% decline from 2019.
- Faroe Islands gdp growth rate for 2019 was 4.39%, a 1.66% increase from 2018.
| Faroe Islands GDP Growth Rate - Historical Data | ||
|---|---|---|
| Year | GDP Growth (%) | Annual Change |
| 2022 | 5.40% | -0.36% |
| 2021 | 5.76% | 7.68% |
| 2020 | -1.93% | -6.32% |
| 2019 | 4.39% | 1.66% |
| 2018 | 2.73% | -0.78% |
| 2017 | 3.51% | 2.04% |
| 2016 | 1.47% | 0.49% |
| 2015 | 0.98% | -4.46% |
| 2014 | 5.43% | -0.42% |
| 2013 | 5.85% | -1.16% |
| 2012 | 7.02% | 3.31% |
| 2011 | 3.71% | 4.29% |
| 2010 | -0.58% | 3.73% |
| 2009 | -4.30% | 3.73% |