Faroe Islands 2014
Detailed economic analysis and indicators for 2014
Key Economic Indicators (2014)
GDP (Current USD)
$2.91 billion
↑ 8.32% vs 2013GDP per Capita
$60,172.06
↑ 7.92% vs 2013GDP Growth (Annual %)
5.43%
↓ 0.42pp vs 2013Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2013 | 2014 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.69 billion | $2.91 billion | +8.32% |
| GDP per Capita | $55,758.21 | $60,172.06 | +7.92% |
| GDP Growth (Annual %) | 5.86% | 5.43% | -0.42pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2014)
National Accounts
- GDP (Current USD)
- $2.91 billion
- GDP per Capita
- $60,172.06
- GDP Growth (Annual %)
- 5.43%
- Gross National Income
- $3.02 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 2.67%
- Unemployment Rate (%)
- N/A
- 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 2014, Faroe Islands's Gross Domestic Product (GDP) is $2.91 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2014 is $60,172.06. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2014 is 5.43%. This indicates the rate at which the country's economy is expanding or contracting.