Faroe Islands 2017
Detailed economic analysis and indicators for 2017
Key Economic Indicators (2017)
GDP (Current USD)
$2.98 billion
↑ 5.93% vs 2016GDP per Capita
$59,384.99
↑ 4.41% vs 2016GDP Growth (Annual %)
3.51%
↑ 2.13pp vs 2016Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2016 | 2017 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.81 billion | $2.98 billion | +5.93% |
| GDP per Capita | $56,875.28 | $59,384.99 | +4.41% |
| GDP Growth (Annual %) | 1.39% | 3.51% | +2.13pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2017)
National Accounts
- GDP (Current USD)
- $2.98 billion
- GDP per Capita
- $59,384.99
- GDP Growth (Annual %)
- 3.51%
- Gross National Income
- $3.08 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 0.38%
- 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 2017, Faroe Islands's Gross Domestic Product (GDP) is $2.98 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2017 is $59,384.99. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2017 is 3.51%. This indicates the rate at which the country's economy is expanding or contracting.