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Faroe Islands economy
Faroe Islands’ economy grew 0.8% in 2024, slower than the world as a whole (2.9%).
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | 0.8% | 2024 |
| GDP (US dollars) | $4.1 bn | 2024 |
| GDP per person (US dollars) | $74,175 | 2024 |
| GDP per person (PPP, international dollars) | $81,909 | 2024 |
| Current account balance, % of GDP | 7.8% | 2011 |
| Population | 55k | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.