Faroe Islands 2019
Detailed economic analysis and indicators for 2019
Key Economic Indicators (2019)
GDP (Current USD)
$3.27 billion
↑ 2.44% vs 2018GDP per Capita
$63,064.63
↑ 0.86% vs 2018GDP Growth (Annual %)
4.54%
↑ 1.77pp vs 2018Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2018 | 2019 | Change |
|---|---|---|---|
| GDP (Current USD) | $3.19 billion | $3.27 billion | +2.44% |
| GDP per Capita | $62,524.04 | $63,064.63 | +0.86% |
| GDP Growth (Annual %) | 2.76% | 4.54% | +1.77pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2019)
National Accounts
- GDP (Current USD)
- $3.27 billion
- GDP per Capita
- $63,064.63
- GDP Growth (Annual %)
- 4.54%
- Gross National Income
- $3.36 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 3.50%
- 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 2019, Faroe Islands's Gross Domestic Product (GDP) is $3.27 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2019 is $63,064.63. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2019 is 4.54%. This indicates the rate at which the country's economy is expanding or contracting.