Faroe Islands 2025
Detailed economic analysis and indicators for 2025
Key Economic Indicators (2025)
GDP (Current USD)
$4.12 billion
↑ 2.94% vs 2024GDP per Capita
$75,656.06
↑ 2.94% vs 2024GDP Growth (Annual %)
2.94%
↑ 0.46pp vs 2024Inflation Rate (CPI %)
2.50%
Year-over-Year Comparison
| Indicator | 2024 | 2025 | Change |
|---|---|---|---|
| GDP (Current USD) | $4.00 billion | $4.12 billion | +2.94% |
| GDP per Capita | $73,494.89 | $75,656.06 | +2.94% |
| GDP Growth (Annual %) | 2.48% | 2.94% | +0.46pp |
| Inflation (CPI %) | N/A | 2.50% | N/A |
| Unemployment Rate (%) | N/A | 5.00% | N/A |
All Economic Indicators (2025)
National Accounts
- GDP (Current USD)
- $4.12 billion
- GDP per Capita
- $75,656.06
- GDP Growth (Annual %)
- 2.94%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.50%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 5.00%
- 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 2025, Faroe Islands's Gross Domestic Product (GDP) is $4.12 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2025 is $75,656.06. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Faroe Islands for 2025 is 2.50%. This measures the annual percentage change in the cost of consumer goods and services.
Faroe Islands's annual GDP growth rate for 2025 is 2.94%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Faroe Islands for 2025 is 5.00%. This represents the percentage of the labor force that is unemployed and actively seeking employment.