GDP Growth Rate
Year -
5.40%
In 2022, Faroe Islands experienced a significant a decrease in its GDP growth rate, which fall to 5.40% from 5.76% in 2021. Additionally, the GDP per capita growth rate in Faroe Islands increase to 5.00% in 2022, compared to 4.81% in 2021.
In 2022, Faroe Islands experienced a decrease in economic performance, with the GDP growth rate falling by 0.36%. Additionally, the GDP per capita growth rate increase by 0.19%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | - | - | - | - |
| 1979 | - | - | - | - |
| 1980 | - | - | - | - |
| 1981 | - | - | - | - |
| 1982 | - | - | - | - |
| 1983 | - | - | - | - |
| 1984 | - | - | - | - |
| 1985 | - | - | - | - |
| 1986 | - | - | - | - |
| 1987 | - | - | - | - |
| 1988 | - | - | - | - |
| 1989 | - | - | - | - |
| 1990 | - | - | - | - |
| 1991 | - | - | - | - |
| 1992 | - | - | - | - |
| 1993 | - | - | - | - |
| 1994 | - | - | - | - |
| 1995 | - | - | - | - |
| 1996 | - | - | - | - |
| 1997 | - | - | - | - |
| 1998 | - | - | - | - |
| 1999 | - | - | - | - |
| 2000 | - | - | - | - |
| 2001 | - | - | - | - |
| 2002 | - | - | - | - |
| 2003 | - | - | - | - |
| 2004 | - | - | - | - |
| 2005 | - | - | - | - |
| 2006 | - | - | - | - |
| 2007 | - | - | - | - |
| 2008 | - | - | - | - |
| 2009 | -4.3 | - | -4.34 | - |
| 2010 | -0.58% | 3.72% | -0.54% | 3.80% |
| 2011 | 3.71% | 4.29% | 3.76% | 4.30% |
| 2012 | 7.02% | 3.31% | 7% | 3.24% |
| 2013 | 5.85% | -1.17% | 5.8% | -1.20% |
| 2014 | 5.43% | -0.42% | 5.33% | -0.47% |
| 2015 | 0.98% | -4.45% | 0.25% | -5.08% |
| 2016 | 1.47% | 0.49% | 0.07% | -0.18% |
| 2017 | 3.51% | 2.04% | 2.01% | 1.94% |
| 2018 | 2.73% | -0.78% | 1.27% | -0.74% |
| 2019 | 4.39% | 1.66% | 2.92% | 1.65% |
| 2020 | -1.93% | -6.32% | -3.3% | -6.22% |
| 2021 | 5.76% | 7.69% | 4.81% | 8.11% |
| 2022 | 5.4% | -0.36% | 5% | 0.19% |
| 2023 | - | - | - | - |