Faroe Islands 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$3.27 billion
↑ 0.16% vs 2019GDP per Capita
$62,236.09
↓ 1.31% vs 2019GDP Growth (Annual %)
-1.64%
↓ 6.18pp vs 2019Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $3.27 billion | $3.27 billion | +0.16% |
| GDP per Capita | $63,064.63 | $62,236.09 | -1.31% |
| GDP Growth (Annual %) | 4.54% | -1.64% | -6.18pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $3.27 billion
- GDP per Capita
- $62,236.09
- GDP Growth (Annual %)
- -1.64%
- Gross National Income
- $3.35 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- -0.11%
- 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 2020, 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 2020 is $62,236.09. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2020 is -1.64%. This indicates the rate at which the country's economy is expanding or contracting.