🇫🇴 Faroe Islands
FO / FRO #220
Nomad Score
50.0
Cities
6
Region
Europe,
Europe,
Northern Europe
Currency
DKK
📊 KEY INDICATORS
GDP per capita (PPP) (2024)
$81,909
GDP (2024)
$4.1B
GDP Growth (2024)
0.8%
↓
Population (2024)
54.7K
Pop. Growth (2024)
0.5%
↓
Current Account (2011)
7.8% of GDP
Life Expectancy (2023)
83.1 yrs
Internet Users (2017)
97.6%
Mobile Subs (2022)
105.8/100
Trade Openness (2024)
105.8% of GDP
Exchange Rate (2024)
6.89/USD
💰 GDP OVERVIEW
👤 GDP PER CAPITA (PPP)
📉 INFLATION (CPI)
Inflation data not available.
👷 UNEMPLOYMENT
Unemployment data not available.
👥 POPULATION
🏛 FISCAL & TRADE
Current Account (2011)
7.8% of GDP
🏢 BUSINESS ENVIRONMENT
Services Sector (2024)
53.8% of GDP
🏧 FINANCIAL ACCESS & COSTS
ICT Service Exports (2011)
4.4%
📋 HISTORICAL DATA
| Year | GDP | GDP/cap PPP | Growth | Inflation | Unemp. | Population | Gini | Debt | Curr. Acct | FDI | Life Exp. | Health | Internet | FX Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | $4.1B | $81,909 | 0.8% | - | - | 54.7K | - | - | - | - | - | - | - | 6.89 |
| 2023 | $3.9B | $79,695 | 3.2% | - | - | 54.4K | - | - | - | - | 83.1 | - | - | 6.89 |
| 2022 | $3.6B | $75,266 | 3.9% | - | - | 53.9K | - | - | - | - | 82.9 | - | - | 7.08 |
| 2021 | $3.7B | $68,427 | 5.1% | - | - | 53.3K | - | - | - | - | 82.8 | - | - | 6.29 |
| 2020 | $3.3B | $61,651 | -1.6% | - | - | 52.6K | - | - | - | - | 82.6 | - | - | 6.54 |
| 2019 | $3.3B | $62,223 | 4.5% | - | - | 51.8K | - | - | - | - | 82.4 | - | - | 6.67 |
| 2018 | $3.2B | $58,933 | 2.8% | - | - | 51.0K | - | - | - | - | 82.3 | - | - | 6.31 |
| 2017 | $3.0B | $56,416 | 3.5% | - | - | 50.2K | - | - | - | - | 82.1 | - | 97.6% | 6.60 |
| 2016 | $2.8B | $54,318 | 1.4% | - | - | 49.5K | - | - | - | - | 82.0 | - | 95.1% | 6.73 |
| 2015 | $2.6B | $53,684 | 1.0% | - | - | 48.9K | - | - | - | - | 81.8 | - | 94.2% | 6.73 |
| 2014 | $2.9B | $53,198 | 5.4% | - | - | 48.4K | - | - | - | - | 81.6 | - | 93.3% | 5.61 |
| 2013 | $2.7B | $49,781 | 5.9% | - | - | 48.2K | - | - | - | - | 81.3 | - | 90.0% | 5.62 |
| 2012 | $2.4B | $46,197 | 7.1% | - | - | 48.3K | - | - | - | - | 81.1 | - | 85.3% | 5.79 |
| 2011 | $2.5B | $42,133 | 3.6% | - | - | 48.5K | - | - | 7.8% | - | 80.9 | - | 80.7% | 5.37 |
| 2010 | $2.3B | $39,767 | -0.4% | - | - | 48.7K | - | - | 6.2% | - | 80.6 | - | 75.2% | 5.62 |
| 2009 | $2.3B | $39,331 | -4.6% | - | - | 48.8K | - | - | -1.1% | - | 80.4 | - | 75.2% | 5.36 |
| 2008 | $2.5B | $41,160 | - | - | - | 48.5K | - | - | -1.2% | - | 80.1 | - | 75.6% | 5.10 |
| 2007 | $2.3B | - | - | - | - | 48.4K | - | - | -3.4% | - | 79.9 | - | 76.0% | 5.44 |
| 2006 | $2.0B | - | - | - | - | 48.3K | - | - | 1.1% | - | 79.7 | - | 69.4% | 5.95 |
| 2005 | $1.8B | - | - | - | - | 48.4K | - | - | 1.8% | - | 79.4 | - | 67.9% | 6.00 |
🧭 CONTINUE EXPLORING FAROE ISLANDS