Faroe Islands 2018
Detailed economic analysis and indicators for 2018
Key Economic Indicators (2018)
GDP (Current USD)
$3.19 billion
↑ 7.00% vs 2017GDP per Capita
$62,524.04
↑ 5.29% vs 2017GDP Growth (Annual %)
2.76%
↓ 0.75pp vs 2017Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2017 | 2018 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.98 billion | $3.19 billion | +7.00% |
| GDP per Capita | $59,384.99 | $62,524.04 | +5.29% |
| GDP Growth (Annual %) | 3.51% | 2.76% | -0.75pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2018)
National Accounts
- GDP (Current USD)
- $3.19 billion
- GDP per Capita
- $62,524.04
- GDP Growth (Annual %)
- 2.76%
- Gross National Income
- $3.28 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- -0.43%
- Unemployment Rate (%)
- N/A
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2018, Faroe Islands's Gross Domestic Product (GDP) is $3.19 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2018 is $62,524.04. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2018 is 2.76%. This indicates the rate at which the country's economy is expanding or contracting.