Faroe Islands 2022
Detailed economic analysis and indicators for 2022
Key Economic Indicators (2022)
GDP (Current USD)
$3.57 billion
↓ 2.67% vs 2021GDP per Capita
$66,108.73
↓ 3.82% vs 2021GDP Growth (Annual %)
3.56%
↓ 1.95pp vs 2021Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2021 | 2022 | Change |
|---|---|---|---|
| GDP (Current USD) | $3.66 billion | $3.57 billion | -2.67% |
| GDP per Capita | $68,736.51 | $66,108.73 | -3.82% |
| GDP Growth (Annual %) | 5.50% | 3.56% | -1.95pp |
| Inflation (CPI %) | N/A | N/A | N/A |
All Economic Indicators (2022)
National Accounts
- GDP (Current USD)
- $3.57 billion
- GDP per Capita
- $66,108.73
- GDP Growth (Annual %)
- 3.56%
- Gross National Income
- $3.66 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 5.78%
- 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 2022, Faroe Islands's Gross Domestic Product (GDP) is $3.57 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Faroe Islands for 2022 is $66,108.73. GDP per capita is calculated by dividing the country's GDP by its population.
Faroe Islands's annual GDP growth rate for 2022 is 3.56%. This indicates the rate at which the country's economy is expanding or contracting.