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 2022 was $3.95B, a 6.97% increase from 2021.
  • Faroe Islands gnp for 2021 was $3.69B, a 9.33% increase from 2020.
  • Faroe Islands gnp for 2020 was $3.38B, a 1.08% decline from 2019.
  • Faroe Islands gnp for 2019 was $3.42B, a 6.49% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $25,526.91B
Japan $5,324.57B
Germany $4,527.64B
United Kingdom $3,297.43B
France $3,078.22B
Italy $2,261.75B
Canada $2,075.40B
South Korea $1,868.33B
Australia $1,582.21B
Spain $1,533.03B
Netherlands $1,066.10B
Saudi Arabia $1,001.23B
Switzerland $838.00B
Poland $698.08B
Sweden $670.16B
Belgium $629.75B
Argentina $535.91B
Norway $528.09B
Israel $527.02B
Austria $503.84B
UAE $464.11B
Denmark $434.00B
Ireland $408.77B
Hong Kong $396.68B
Singapore $377.48B
Finland $304.11B
Chile $302.41B
Czech Republic $278.99B
Portugal $270.09B
New Zealand $248.33B
Greece $227.41B
Qatar $188.86B
Hungary $183.69B
Kuwait $173.89B
Slovak Republic $119.96B
Oman $91.62B
Puerto Rico $79.71B
Croatia $75.75B
Panama $75.15B
Lithuania $67.57B
Slovenia $62.49B
Uruguay $60.92B
Luxembourg $58.26B
Latvia $41.29B
Bahrain $40.80B
Estonia $36.69B
Macao $30.55B
Cyprus $28.77B
Iceland $28.24B
Trinidad and Tobago $24.79B
Malta $17.70B
Brunei $14.10B
Bahamas $12.72B
Bermuda $8.56B
Barbados $5.69B
Cayman Islands $4.73B
Andorra $4.00B
Faroe Islands $3.95B
Aruba $3.56B
Curacao $3.09B
Seychelles $1.80B
Antigua and Barbuda $1.75B
Sint Maarten (Dutch part) $1.51B
Turks and Caicos Islands $1.11B
St. Kitts and Nevis $0.99B
Palau $0.24B
Faroe Islands GNP - Historical Data
Year GNP Per Capita Growth Rate
2022 $3.95B $74,420 %
2021 $3.69B $69,840 %
2020 $3.38B $64,460 %
2019 $3.42B $66,090 %
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 %