Nominal GDP in billions of USD
Year -
$3.56 billions(-2.73%)
In 2022, Faroe Islands witnessed a decrease in its Nominal GDP, falling to 3.56 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 4.060 international billion dollars.
Relatedly, in the preceding year of 2021, Faroe Islands has Nominal GDP stood at 3.66 billion dollars, while the GDP based on PPP was 3.60 international billion dollars.
The net change in Faroe Islands's GDP (Nominal) in 2022 decreased by -0.10 billion dollars(-2.73%), and GDP (PPP) increased by 0.46 international billion dollars(12.78%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | 0.06 | - | - | - | - | - |
| 1966 | 0.06 | 0 | 0 % | - | - | - |
| 1967 | 0.07 | 0.01 | 16.67 % | - | - | - |
| 1968 | 0.07 | 0 | 0 % | - | - | - |
| 1969 | 0.07 | 0 | 0 % | - | - | - |
| 1970 | 0.08 | 0.01 | 14.29 % | - | - | - |
| 1971 | 0.1 | 0.02 | 25 % | - | - | - |
| 1972 | 0.12 | 0.02 | 20 % | - | - | - |
| 1973 | 0.16 | 0.04 | 33.33 % | - | - | - |
| 1974 | 0.2 | 0.04 | 25 % | - | - | - |
| 1975 | 0.23 | 0.03 | 15 % | - | - | - |
| 1976 | 0.27 | 0.04 | 17.39 % | - | - | - |
| 1977 | 0.35 | 0.08 | 29.63 % | - | - | - |
| 1978 | 0.4 | 0.05 | 14.29 % | - | - | - |
| 1979 | 0.45 | 0.05 | 12.5 % | - | - | - |
| 1980 | 0.49 | 0.04 | 8.89 % | - | - | - |
| 1981 | 0.46 | -0.03 | -6.12 % | - | - | - |
| 1982 | 0.44 | -0.02 | -4.35 % | - | - | - |
| 1983 | 0.49 | 0.05 | 11.36 % | - | - | - |
| 1984 | 0.43 | -0.06 | -12.24 % | - | - | - |
| 1985 | 0.46 | 0.03 | 6.98 % | - | - | - |
| 1986 | 0.69 | 0.23 | 50 % | - | - | - |
| 1987 | 0.89 | 0.2 | 28.99 % | - | - | - |
| 1988 | 0.97 | 0.08 | 8.99 % | - | - | - |
| 1989 | 0.87 | -0.1 | -10.31 % | - | - | - |
| 1990 | 0.96 | 0.09 | 10.34 % | - | - | - |
| 1991 | 0.91 | -0.05 | -5.21 % | - | - | - |
| 1992 | 0.91 | 0 | 0 % | - | - | - |
| 1993 | 0.76 | -0.15 | -16.48 % | - | - | - |
| 1994 | 0.76 | 0 | 0 % | - | - | - |
| 1995 | 0.9 | 0.14 | 18.42 % | - | - | - |
| 1996 | 0.99 | 0.09 | 10 % | - | - | - |
| 1997 | 0.93 | -0.06 | -6.06 % | - | - | - |
| 1998 | 1.1 | 0.17 | 18.28 % | - | - | - |
| 1999 | 1.13 | 0.03 | 2.73 % | - | - | - |
| 2000 | 1.07 | -0.06 | -5.31 % | - | - | - |
| 2001 | 1.16 | 0.09 | 8.41 % | - | - | - |
| 2002 | 1.28 | 0.12 | 10.34 % | - | - | - |
| 2003 | 1.5 | 0.22 | 17.19 % | - | - | - |
| 2004 | 1.72 | 0.22 | 14.67 % | - | - | - |
| 2005 | 1.76 | 0.04 | 2.33 % | - | - | - |
| 2006 | 2.02 | 0.26 | 14.77 % | - | - | - |
| 2007 | 2.34 | 0.32 | 15.84 % | - | - | - |
| 2008 | 2.49 | 0.15 | 6.41 % | 1.99 | - | - |
| 2009 | 2.3 | -0.19 | -7.63 % | 1.92 | -0.07 | -3.52 % |
| 2010 | 2.33 | 0.03 | 1.3 % | 1.93 | 0.01 | 0.52 % |
| 2011 | 2.51 | 0.18 | 7.73 % | 2.04 | 0.11 | 5.7 % |
| 2012 | 2.43 | -0.08 | -3.19 % | 2.23 | 0.19 | 9.31 % |
| 2013 | 2.69 | 0.26 | 10.7 % | 2.4 | 0.17 | 7.62 % |
| 2014 | 2.91 | 0.22 | 8.18 % | 2.57 | 0.17 | 7.08 % |
| 2015 | 2.57 | -0.34 | -11.68 % | 2.62 | 0.05 | 1.95 % |
| 2016 | 2.81 | 0.24 | 9.34 % | 2.69 | 0.07 | 2.67 % |
| 2017 | 2.98 | 0.17 | 6.05 % | 2.83 | 0.14 | 5.2 % |
| 2018 | 3.19 | 0.21 | 7.05 % | 3.01 | 0.18 | 6.36 % |
| 2019 | 3.27 | 0.08 | 2.51 % | 3.22 | 0.21 | 6.98 % |
| 2020 | 3.26 | -0.01 | -0.31 % | 3.23 | 0.01 | 0.31 % |
| 2021 | 3.66 | 0.4 | 12.27 % | 3.6 | 0.37 | 11.46 % |
| 2022 | 3.56 | -0.1 | -2.73 % | 4.06 | 0.46 | 12.78 % |
| 2023 | - | - | - | - | - | - |