ARCHIVE // FO // TIME-SERIES
Real GDP growth rate
Faroe Islands — 33 years of data
Historical Values
| Year | Value |
|---|---|
| 1993 | 3% (1989 est.) |
| 1994 | 3% (1989 est.) |
| 1995 | -10.8% (1993 est.) |
| 1996 | NA% |
| 1997 | 6% (1996 est.) |
| 1998 | 6% (1996 est.) |
| 1999 | 6% (1996 est.) |
| 2000 | 6% (1996 est.) |
| 2001 | 5% (2000 est.) |
| 2002 | 5% (2000 est.) |
| 2003 | 10% (2001 est.) |
| 2004 | 10% (2001 est.) |
| 2005 | 10% (2001 est.) |
| 2006 | 10% (2001 est.) |
| 2007 | 2.4% (2005 est.) |
| 2008 | 2.4% (2005 est.) |
| 2009 | 2.4% (2005 est.) country comparison to the world: 148 |
| 2010 | 0.5% (2008 est.) country comparison to the world: 186 |
| 2011 | 0.5% (2008 est.) country comparison to the world: 180 |
| 2012 | 2.9% (2010 est.) country comparison to the world: 116 0.5% (2008 est.) |
| 2013 | 2.9% (2010 est.) country comparison to the world: 114 0.5% (2008 est.) |
| 2014 | 2.9% (2010 est.) country comparison to the world: 122 0.5% (2008 est.) |
| 2015 | 2.9% (2010 est.) | 0.5% (2008 est.) | country comparison to the world: 115 |
| 2016 | 5.9% (2014 est.) | 7.5% (2013 est.) | 2.9% (2013 est.) | country comparison to the world: 32 |
| 2017 | 5.9% (2014 est.) | 7.5% (2013 est.) | 2.4% (2013 est.) | country comparison to the world: 27 |
| 2018 | 5.9% (2017 est.) | 7.5% (2016 est.) | 2.4% (2015 est.) |
| 2019 | 5.9% (2017 est.) | 7.5% (2016 est.) | 2.4% (2015 est.) |
| 2020 | 5.9% (2017 est.) | 7.5% (2016 est.) | 2.4% (2015 est.) |
| 2021 | 5.9% (2017 est.) 7.5% (2016 est.) 2.4% (2015 est.) |
| 2022 | 5.9% (2017 est.) 7.5% (2016 est.) 2.4% (2015 est.) |
| 2023 | 5.9% (2017 est.) 7.5% (2016 est.) 2.4% (2015 est.) |
| 2024 | 5.4% (2022 est.) 5.76% (2021 est.) -1.93% (2020 est.) note: annual GDP % growth based on constant local currency |
| 2025 | 2.5% (2023 est.) 3.6% (2022 est.) 5.5% (2021 est.) note: annual GDP % growth based on constant local currency |