Faroe Islands Gross Domestic Product: Nominal
Faroe Islands FO: Adjusted Savings: Carbon Dioxide Damage
FO: Adjusted Savings: Carbon Dioxide Damage data was reported at 15.468 USD mn in 2016. This records an increase from the previous number of 15.199 USD mn for 2015. FO: Adjusted Savings: Carbon Dioxide Damage data is updated yearly, averaging 6.295 USD mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 18.845 USD mn in 2013 and a record low of 0.426 USD mn in 1970. FO: Adjusted Savings: Carbon Dioxide Damage data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$30 per ton of CO2 (the unit damage in 2014 US dollars for CO2 emitted in 2015) times the number of tons of CO2 emitted.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; ;
| Last | Frequency | Range |
|---|---|---|
| 15.47 2016 | yearly | 1970 - 2016 |
View Faroe Islands's Faroe Islands FO: Adjusted Savings: Carbon Dioxide Damage from 1970 to 2016 in the chart:
Faroe Islands FO: Adjusted Savings: Carbon Dioxide Damage: % of GNI
FO: Adjusted Savings: Carbon Dioxide Damage: % of GNI data was reported at 0.631 % in 2012. This records an increase from the previous number of 0.557 % for 2011. FO: Adjusted Savings: Carbon Dioxide Damage: % of GNI data is updated yearly, averaging 0.591 % from Dec 1970 (Median) to 2012, with 33 observations. The data reached an all-time high of 0.982 % in 2001 and a record low of 0.368 % in 1973. FO: Adjusted Savings: Carbon Dioxide Damage: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$30 per ton of CO2 (the unit damage in 2014 US dollars for CO2 emitted in 2015) times the number of tons of CO2 emitted.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.63 2012 | yearly | 1970 - 2012 |
View Faroe Islands's Faroe Islands FO: Adjusted Savings: Carbon Dioxide Damage: % of GNI from 1970 to 2012 in the chart:
Faroe Islands FO: Adjusted Savings: Gross Savings: % of GNI
FO: Adjusted Savings: Gross Savings: % of GNI data was reported at 24.070 % in 2011. This records a decrease from the previous number of 24.962 % for 2010. FO: Adjusted Savings: Gross Savings: % of GNI data is updated yearly, averaging 26.337 % from Dec 1998 (Median) to 2011, with 14 observations. The data reached an all-time high of 40.399 % in 1998 and a record low of 16.375 % in 2009. FO: Adjusted Savings: Gross Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.; ; World Bank national accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 24.07 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: Adjusted Savings: Gross Savings: % of GNI from 1998 to 2011 in the chart:
Faroe Islands FO: Adjusted Savings: Mineral Depletion
FO: Adjusted Savings: Mineral Depletion data was reported at 0.000 USD mn in 2016. This stayed constant from the previous number of 0.000 USD mn for 2015. FO: Adjusted Savings: Mineral Depletion data is updated yearly, averaging 0.000 USD mn from Dec 1970 (Median) to 2016, with 47 observations. FO: Adjusted Savings: Mineral Depletion data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime. It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; ;
| Last | Frequency | Range |
|---|---|---|
| 0.00 2016 | yearly | 1970 - 2016 |
View Faroe Islands's Faroe Islands FO: Adjusted Savings: Mineral Depletion from 1970 to 2016 in the chart:
Faroe Islands FO: Adjusted Savings: Mineral Depletion: % of GNI
FO: Adjusted Savings: Mineral Depletion: % of GNI data was reported at 0.000 % in 2012. This stayed constant from the previous number of 0.000 % for 2011. FO: Adjusted Savings: Mineral Depletion: % of GNI data is updated yearly, averaging 0.000 % from Dec 1970 (Median) to 2012, with 33 observations. FO: Adjusted Savings: Mineral Depletion: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime. It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.00 2012 | yearly | 1970 - 2012 |
View Faroe Islands's Faroe Islands FO: Adjusted Savings: Mineral Depletion: % of GNI from 1970 to 2012 in the chart:
Faroe Islands FO: GDP
FO: GDP data was reported at 16,663.300 DKK mn in 2015. This records an increase from the previous number of 15,774.200 DKK mn for 2014. FO: GDP data is updated yearly, averaging 11,908.000 DKK mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 16,663.300 DKK mn in 2015 and a record low of 7,409.000 DKK mn in 1998. FO: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 16,663.30 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: Discrepancy
FO: GDP: Discrepancy data was reported at 0.000 DKK mn in 2013. This records a decrease from the previous number of 1.000 DKK mn for 2012. FO: GDP: Discrepancy data is updated yearly, averaging 0.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. FO: GDP: Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Discrepancy in expenditure estimate of GDP is the discrepancy included in final consumption expenditure, etc. (total consumption, etc.). This discrepancy is included to ensure that GDP from the expenditure side equals GDP measured by the income or output approach. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 0.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Discrepancy from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Exports of Goods and Services
FO: GDP: Exports of Goods and Services data was reported at 7,433.000 DKK mn in 2013. This records an increase from the previous number of 6,654.000 DKK mn for 2012. FO: GDP: Exports of Goods and Services data is updated yearly, averaging 4,825.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 7,433.000 DKK mn in 2013 and a record low of 3,281.000 DKK mn in 1998. FO: GDP: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 7,433.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Exports of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: External Balance of Goods and Services
FO: GDP: External Balance of Goods and Services data was reported at -951.000 DKK mn in 2013. This records an increase from the previous number of -2,041.000 DKK mn for 2012. FO: GDP: External Balance of Goods and Services data is updated yearly, averaging -830.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 178.000 DKK mn in 1998 and a record low of -2,041.000 DKK mn in 2012. FO: GDP: External Balance of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| -951.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: External Balance of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Final Consumption Expenditure
FO: GDP: Final Consumption Expenditure data was reported at 11,976.000 DKK mn in 2013. This records an increase from the previous number of 11,741.000 DKK mn for 2012. FO: GDP: Final Consumption Expenditure data is updated yearly, averaging 9,580.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 11,976.000 DKK mn in 2013 and a record low of 5,666.000 DKK mn in 1998. FO: GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 11,976.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Final Consumption Expenditure from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Final Consumption Expenditure: General Government
FO: GDP: Final Consumption Expenditure: General Government data was reported at 4,350.000 DKK mn in 2013. This records an increase from the previous number of 4,213.000 DKK mn for 2012. FO: GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 3,195.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 4,350.000 DKK mn in 2013 and a record low of 1,856.000 DKK mn in 1998. FO: GDP: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 4,350.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Final Consumption Expenditure: General Government from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Final Consumption Expenditure: Household
FO: GDP: Final Consumption Expenditure: Household data was reported at 7,626.000 DKK mn in 2013. This records an increase from the previous number of 7,528.000 DKK mn for 2012. FO: GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 6,385.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 7,626.000 DKK mn in 2013 and a record low of 3,810.000 DKK mn in 1998. FO: GDP: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 7,626.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Final Consumption Expenditure: Household from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Final Consumption Expenditure: Household: Include Discrepancy
FO: GDP: Final Consumption Expenditure: Household: Include Discrepancy data was reported at 7,626.000 DKK mn in 2013. This records an increase from the previous number of 7,529.000 DKK mn for 2012. FO: GDP: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 6,385.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 7,626.000 DKK mn in 2013 and a record low of 3,809.000 DKK mn in 1998. FO: GDP: Final Consumption Expenditure: Household: Include Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 7,626.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Final Consumption Expenditure: Household: Include Discrepancy from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Final Consumption Expenditure: Include Discrepancy
FO: GDP: Final Consumption Expenditure: Include Discrepancy data was reported at 11,976.000 DKK mn in 2013. This records an increase from the previous number of 11,742.000 DKK mn for 2012. FO: GDP: Final Consumption Expenditure: Include Discrepancy data is updated yearly, averaging 9,581.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 11,976.000 DKK mn in 2013 and a record low of 5,665.000 DKK mn in 1998. FO: GDP: Final Consumption Expenditure: Include Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 11,976.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Final Consumption Expenditure: Include Discrepancy from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: GNI per Capita
FO: GDP: GNI per Capita data was reported at 295,668.434 DKK in 2012. This records an increase from the previous number of 285,097.103 DKK for 2011. FO: GDP: GNI per Capita data is updated yearly, averaging 64,371.419 DKK from Dec 1960 (Median) to 2012, with 43 observations. The data reached an all-time high of 295,668.434 DKK in 2012 and a record low of 5,611.494 DKK in 1960. FO: GDP: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 295,668.43 2012 | yearly | 1960 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: GNI per Capita from 1960 to 2012 in the chart:
Faroe Islands FO: GDP: Gross Capital Formation
FO: GDP: Gross Capital Formation data was reported at 3,653.000 DKK mn in 2013. This records a decrease from the previous number of 3,949.000 DKK mn for 2012. FO: GDP: Gross Capital Formation data is updated yearly, averaging 2,494.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 3,949.000 DKK mn in 2012 and a record low of 1,566.000 DKK mn in 1998. FO: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 3,653.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Capital Formation from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Gross Domestic Savings
FO: GDP: Gross Domestic Savings data was reported at 2,702.000 DKK mn in 2013. This records an increase from the previous number of 1,909.000 DKK mn for 2012. FO: GDP: Gross Domestic Savings data is updated yearly, averaging 1,790.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 2,702.000 DKK mn in 2013 and a record low of 1,097.000 DKK mn in 2005. FO: GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 2,702.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Domestic Savings from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Gross National Expenditure
FO: GDP: Gross National Expenditure data was reported at 15,629.000 DKK mn in 2013. This records a decrease from the previous number of 15,690.000 DKK mn for 2012. FO: GDP: Gross National Expenditure data is updated yearly, averaging 12,162.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 15,690.000 DKK mn in 2012 and a record low of 7,232.000 DKK mn in 1998. FO: GDP: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 15,629.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Gross National Expenditure from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Gross National Income
FO: GDP: Gross National Income data was reported at 14,389.000 DKK mn in 2012. This records an increase from the previous number of 13,858.000 DKK mn for 2011. FO: GDP: Gross National Income data is updated yearly, averaging 2,827.000 DKK mn from Dec 1960 (Median) to 2012, with 43 observations. The data reached an all-time high of 14,389.000 DKK mn in 2012 and a record low of 194.500 DKK mn in 1960. FO: GDP: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 14,389.00 2012 | yearly | 1960 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: Gross National Income from 1960 to 2012 in the chart:
Faroe Islands FO: GDP: Gross Savings
FO: GDP: Gross Savings data was reported at 3,335.605 DKK mn in 2011. This records a decrease from the previous number of 3,346.447 DKK mn for 2010. FO: GDP: Gross Savings data is updated yearly, averaging 3,120.452 DKK mn from Dec 1998 (Median) to 2011, with 14 observations. The data reached an all-time high of 3,712.247 DKK mn in 2001 and a record low of 1,969.524 DKK mn in 2009. FO: GDP: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 3,335.61 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Savings from 1998 to 2011 in the chart:
FO: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing
FO: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 4,699.000 DKK mn in 2022. This records an increase from the previous number of 3,271.000 DKK mn for 2021. FO: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 1,736.300 DKK mn from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 4,699.000 DKK mn in 2022 and a record low of 1,187.900 DKK mn in 2003. FO: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 4,699.000 2022 | yearly | 1998 - 2022 |
View Faroe Islands's FO: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing from 1998 to 2022 in the chart:
Faroe Islands FO: GDP: Gross Value Added at Factor Cost
FO: GDP: Gross Value Added at Factor Cost data was reported at 14,770.300 DKK mn in 2015. This records an increase from the previous number of 13,918.300 DKK mn for 2014. FO: GDP: Gross Value Added at Factor Cost data is updated yearly, averaging 10,274.000 DKK mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 14,770.300 DKK mn in 2015 and a record low of 6,410.000 DKK mn in 1998. FO: GDP: Gross Value Added at Factor Cost data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 14,770.30 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Value Added at Factor Cost from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Agriculture
FO: GDP: Gross Value Added at Factor Cost: Agriculture data was reported at 3,607.000 DKK mn in 2017. This records a decrease from the previous number of 3,796.200 DKK mn for 2016. FO: GDP: Gross Value Added at Factor Cost: Agriculture data is updated yearly, averaging 1,622.250 DKK mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 3,796.200 DKK mn in 2016 and a record low of 1,186.100 DKK mn in 2003. FO: GDP: Gross Value Added at Factor Cost: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 3,607.000 2017 | yearly | 1998 - 2017 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Agriculture from 1998 to 2017 in the chart:
Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Industry
FO: GDP: Gross Value Added at Factor Cost: Industry data was reported at 3,113.800 DKK mn in 2017. This records an increase from the previous number of 2,699.000 DKK mn for 2016. FO: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 1,952.250 DKK mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 3,113.800 DKK mn in 2017 and a record low of 1,331.900 DKK mn in 1998. FO: GDP: Gross Value Added at Factor Cost: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 3,113.800 2017 | yearly | 1998 - 2017 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Industry from 1998 to 2017 in the chart:
Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing
FO: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 863.000 DKK mn in 2013. This records an increase from the previous number of 825.000 DKK mn for 2012. FO: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 680.000 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 863.000 DKK mn in 2013 and a record low of 525.000 DKK mn in 1998. FO: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 863.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Services
FO: GDP: Gross Value Added at Factor Cost: Services data was reported at 8,594.000 DKK mn in 2013. This records an increase from the previous number of 8,178.000 DKK mn for 2012. FO: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 6,074.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 8,594.000 DKK mn in 2013 and a record low of 3,776.000 DKK mn in 1998. FO: GDP: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 8,594.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Gross Value Added at Factor Cost: Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Imports of Goods and Services
FO: GDP: Imports of Goods and Services data was reported at 8,384.000 DKK mn in 2013. This records a decrease from the previous number of 8,695.000 DKK mn for 2012. FO: GDP: Imports of Goods and Services data is updated yearly, averaging 5,794.500 DKK mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 8,695.000 DKK mn in 2012 and a record low of 3,103.000 DKK mn in 1998. FO: GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 8,384.00 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: Imports of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: Net Current Transfer from Abroad
FO: GDP: Net Current Transfer from Abroad data was reported at 854.000 DKK mn in 2012. This records a decrease from the previous number of 1,089.000 DKK mn for 2011. FO: GDP: Net Current Transfer from Abroad data is updated yearly, averaging 841.000 DKK mn from Dec 1998 (Median) to 2012, with 15 observations. The data reached an all-time high of 1,148.000 DKK mn in 2000 and a record low of 747.000 DKK mn in 2003. FO: GDP: Net Current Transfer from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 854.00 2012 | yearly | 1998 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: Net Current Transfer from Abroad from 1998 to 2012 in the chart:
Faroe Islands FO: GDP: Net Income from Abroad
FO: GDP: Net Income from Abroad data was reported at 739.000 DKK mn in 2012. This records an increase from the previous number of 604.000 DKK mn for 2011. FO: GDP: Net Income from Abroad data is updated yearly, averaging 361.800 DKK mn from Dec 1998 (Median) to 2012, with 15 observations. The data reached an all-time high of 739.000 DKK mn in 2012 and a record low of -42.000 DKK mn in 2009. FO: GDP: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 739.00 2012 | yearly | 1998 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: Net Income from Abroad from 1998 to 2012 in the chart:
Faroe Islands FO: GDP: Net Taxes on Product
FO: GDP: Net Taxes on Product data was reported at 1,893.000 DKK mn in 2015. This records an increase from the previous number of 1,855.900 DKK mn for 2014. FO: GDP: Net Taxes on Product data is updated yearly, averaging 1,616.500 DKK mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 1,893.000 DKK mn in 2015 and a record low of 999.000 DKK mn in 1998. FO: GDP: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 1,893.00 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: Net Taxes on Product from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: USD
FO: GDP: USD data was reported at 2.477 USD bn in 2015. This records a decrease from the previous number of 2.811 USD bn for 2014. FO: GDP: USD data is updated yearly, averaging 2.114 USD bn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 2.811 USD bn in 2014 and a record low of 1.062 USD bn in 2000. FO: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,476.75 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: USD from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: USD: Exports of Goods and Services
FO: GDP: USD: Exports of Goods and Services data was reported at 1.323 USD bn in 2013. This records an increase from the previous number of 1.149 USD bn for 2012. FO: GDP: USD: Exports of Goods and Services data is updated yearly, averaging 780.432 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 1.323 USD bn in 2013 and a record low of 489.643 USD mn in 1998. FO: GDP: USD: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,323.47 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Exports of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: External Balance of Goods and Services
FO: GDP: USD: External Balance of Goods and Services data was reported at -169.329 USD mn in 2013. This records an increase from the previous number of -352.352 USD mn for 2012. FO: GDP: USD: External Balance of Goods and Services data is updated yearly, averaging -154.808 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 26.564 USD mn in 1998 and a record low of -370.336 USD mn in 2007. FO: GDP: USD: External Balance of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| -169.33 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: External Balance of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Final Consumption Expenditure
FO: GDP: USD: Final Consumption Expenditure data was reported at 2.132 USD bn in 2013. This records an increase from the previous number of 2.027 USD bn for 2012. FO: GDP: USD: Final Consumption Expenditure data is updated yearly, averaging 1.605 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 2.163 USD bn in 2011 and a record low of 830.869 USD mn in 2000. FO: GDP: USD: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 2,132.36 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Final Consumption Expenditure from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Final Consumption Expenditure: General Government
FO: GDP: USD: Final Consumption Expenditure: General Government data was reported at 774.531 USD mn in 2013. This records an increase from the previous number of 727.320 USD mn for 2012. FO: GDP: USD: Final Consumption Expenditure: General Government data is updated yearly, averaging 535.139 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 777.469 USD mn in 2011 and a record low of 272.791 USD mn in 2000. FO: GDP: USD: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 774.53 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Final Consumption Expenditure: General Government from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Household
FO: GDP: USD: Final Consumption Expenditure: Household data was reported at 1.358 USD bn in 2013. This records an increase from the previous number of 1.300 USD bn for 2012. FO: GDP: USD: Final Consumption Expenditure: Household data is updated yearly, averaging 1.069 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 1.385 USD bn in 2011 and a record low of 558.078 USD mn in 2000. FO: GDP: USD: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,357.83 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Household from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy
FO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data was reported at 1.358 USD bn in 2013. This records an increase from the previous number of 1.300 USD bn for 2012. FO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 1.069 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 1.385 USD bn in 2011 and a record low of 558.078 USD mn in 2000. FO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,357.83 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Include Discrepancy
FO: GDP: USD: Final Consumption Expenditure: Include Discrepancy data was reported at 2.132 USD bn in 2013. This records an increase from the previous number of 2.027 USD bn for 2012. FO: GDP: USD: Final Consumption Expenditure: Include Discrepancy data is updated yearly, averaging 1.605 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 2.163 USD bn in 2011 and a record low of 830.869 USD mn in 2000. FO: GDP: USD: Final Consumption Expenditure: Include Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,132.36 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Final Consumption Expenditure: Include Discrepancy from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Gross Capital Formation
FO: GDP: USD: Gross Capital Formation data was reported at 650.428 USD mn in 2013. This records a decrease from the previous number of 681.744 USD mn for 2012. FO: GDP: USD: Gross Capital Formation data is updated yearly, averaging 417.371 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 714.588 USD mn in 2007 and a record low of 233.703 USD mn in 1998. FO: GDP: USD: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 650.43 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Capital Formation from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Gross Domestic Savings
FO: GDP: USD: Gross Domestic Savings data was reported at 481.100 USD mn in 2013. This records an increase from the previous number of 329.564 USD mn for 2012. FO: GDP: USD: Gross Domestic Savings data is updated yearly, averaging 273.680 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 481.100 USD mn in 2013 and a record low of 182.928 USD mn in 2005. FO: GDP: USD: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 481.10 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Domestic Savings from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Gross National Expenditure
FO: GDP: USD: Gross National Expenditure data was reported at 2.783 USD bn in 2013. This records an increase from the previous number of 2.709 USD bn for 2012. FO: GDP: USD: Gross National Expenditure data is updated yearly, averaging 2.037 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 2.783 USD bn in 2013 and a record low of 1.079 USD bn in 1998. FO: GDP: USD: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,782.79 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross National Expenditure from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Gross National Income
FO: GDP: USD: Gross National Income data was reported at 2.484 USD bn in 2012. This records a decrease from the previous number of 2.581 USD bn for 2011. FO: GDP: USD: Gross National Income data is updated yearly, averaging 437.363 USD mn from Dec 1965 (Median) to 2012, with 38 observations. The data reached an all-time high of 2.581 USD bn in 2011 and a record low of 52.149 USD mn in 1965. FO: GDP: USD: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,484.07 2012 | yearly | 1965 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross National Income from 1965 to 2012 in the chart:
Faroe Islands FO: GDP: USD: Gross Savings
FO: GDP: USD: Gross Savings data was reported at 621.306 USD mn in 2011. This records an increase from the previous number of 595.019 USD mn for 2010. FO: GDP: USD: Gross Savings data is updated yearly, averaging 438.599 USD mn from Dec 1998 (Median) to 2011, with 14 observations. The data reached an all-time high of 634.015 USD mn in 2007 and a record low of 367.387 USD mn in 2009. FO: GDP: USD: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 621.31 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Savings from 1998 to 2011 in the chart:
FO: GDP: USD: Gross Value Added at Basic Price
FO: GDP: USD: Gross Value Added at Basic Price data was reported at 3.168 USD bn in 2022. This records a decrease from the previous number of 3.224 USD bn for 2021. FO: GDP: USD: Gross Value Added at Basic Price data is updated yearly, averaging 2.131 USD bn from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 3.224 USD bn in 2021 and a record low of 924.690 USD mn in 2000. FO: GDP: USD: Gross Value Added at Basic Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 3,167.908 2022 | yearly | 1998 - 2022 |
View Faroe Islands's FO: GDP: USD: Gross Value Added at Basic Price from 1998 to 2022 in the chart:
FO: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing
FO: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data was reported at 664.061 USD mn in 2022. This records an increase from the previous number of 520.271 USD mn for 2021. FO: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data is updated yearly, averaging 296.643 USD mn from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 664.061 USD mn in 2022 and a record low of 180.322 USD mn in 2003. FO: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 664.061 2022 | yearly | 1998 - 2022 |
View Faroe Islands's FO: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing from 1998 to 2022 in the chart:
FO: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction)
FO: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 642.779 USD mn in 2022. This records a decrease from the previous number of 713.825 USD mn for 2021. FO: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 366.527 USD mn from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 713.825 USD mn in 2021 and a record low of 189.424 USD mn in 1998. FO: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 642.779 2022 | yearly | 1998 - 2022 |
View Faroe Islands's FO: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) from 1998 to 2022 in the chart:
Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost
FO: GDP: USD: Gross Value Added at Factor Cost data was reported at 2.195 USD bn in 2015. This records a decrease from the previous number of 2.480 USD bn for 2014. FO: GDP: USD: Gross Value Added at Factor Cost data is updated yearly, averaging 1.810 USD bn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 2.480 USD bn in 2014 and a record low of 919.078 USD mn in 2000. FO: GDP: USD: Gross Value Added at Factor Cost data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,195.38 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Agriculture
FO: GDP: USD: Gross Value Added at Factor Cost: Agriculture data was reported at 563.929 USD mn in 2016. This records an increase from the previous number of 399.501 USD mn for 2015. FO: GDP: USD: Gross Value Added at Factor Cost: Agriculture data is updated yearly, averaging 236.912 USD mn from Dec 1998 (Median) to 2016, with 19 observations. The data reached an all-time high of 563.929 USD mn in 2016 and a record low of 180.048 USD mn in 2003. FO: GDP: USD: Gross Value Added at Factor Cost: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 563.929 2016 | yearly | 1998 - 2016 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Agriculture from 1998 to 2016 in the chart:
Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Industry
FO: GDP: USD: Gross Value Added at Factor Cost: Industry data was reported at 400.939 USD mn in 2016. This records a decrease from the previous number of 417.366 USD mn for 2015. FO: GDP: USD: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 341.949 USD mn from Dec 1998 (Median) to 2016, with 19 observations. The data reached an all-time high of 455.644 USD mn in 2014 and a record low of 185.968 USD mn in 2000. FO: GDP: USD: Gross Value Added at Factor Cost: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 400.939 2016 | yearly | 1998 - 2016 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Industry from 1998 to 2016 in the chart:
Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing
FO: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 153.660 USD mn in 2013. This records an increase from the previous number of 142.426 USD mn for 2012. FO: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 112.836 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 153.660 USD mn in 2013 and a record low of 70.517 USD mn in 2000. FO: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 153.66 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Services
FO: GDP: USD: Gross Value Added at Factor Cost: Services data was reported at 1.530 USD bn in 2013. This records an increase from the previous number of 1.412 USD bn for 2012. FO: GDP: USD: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 1.017 USD bn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 1.530 USD bn in 2013 and a record low of 537.294 USD mn in 2000. FO: GDP: USD: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 1,530.19 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Gross Value Added at Factor Cost: Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Imports of Goods and Services
FO: GDP: USD: Imports of Goods and Services data was reported at 1.493 USD bn in 2013. This records a decrease from the previous number of 1.501 USD bn for 2012. FO: GDP: USD: Imports of Goods and Services data is updated yearly, averaging 967.115 USD mn from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 1.501 USD bn in 2012 and a record low of 463.079 USD mn in 1998. FO: GDP: USD: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,492.80 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Imports of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: USD: Net Current Transfer from Abroad
FO: GDP: USD: Net Current Transfer from Abroad data was reported at 147.432 USD mn in 2012. This records a decrease from the previous number of 202.842 USD mn for 2011. FO: GDP: USD: Net Current Transfer from Abroad data is updated yearly, averaging 142.886 USD mn from Dec 1998 (Median) to 2012, with 15 observations. The data reached an all-time high of 202.842 USD mn in 2011 and a record low of 94.747 USD mn in 2002. FO: GDP: USD: Net Current Transfer from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 147.43 2012 | yearly | 1998 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Net Current Transfer from Abroad from 1998 to 2012 in the chart:
Faroe Islands FO: GDP: USD: Net Income from Abroad
FO: GDP: USD: Net Income from Abroad data was reported at 127.579 USD mn in 2012. This records an increase from the previous number of 112.504 USD mn for 2011. FO: GDP: USD: Net Income from Abroad data is updated yearly, averaging 54.921 USD mn from Dec 1998 (Median) to 2012, with 15 observations. The data reached an all-time high of 127.579 USD mn in 2012 and a record low of -7.835 USD mn in 2009. FO: GDP: USD: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 127.58 2012 | yearly | 1998 - 2012 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Net Income from Abroad from 1998 to 2012 in the chart:
Faroe Islands FO: GDP: USD: Net Taxes on Product
FO: GDP: USD: Net Taxes on Product data was reported at 281.366 USD mn in 2015. This records a decrease from the previous number of 330.673 USD mn for 2014. FO: GDP: USD: Net Taxes on Product data is updated yearly, averaging 282.188 USD mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 349.738 USD mn in 2008 and a record low of 143.138 USD mn in 2000. FO: GDP: USD: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 281.37 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: USD: Net Taxes on Product from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: USD: per Capita
FO: GDP: USD: per Capita data was reported at 50,581.968 USD in 2015. This records a decrease from the previous number of 57,543.669 USD for 2014. FO: GDP: USD: per Capita data is updated yearly, averaging 43,620.538 USD from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 57,543.669 USD in 2014 and a record low of 22,479.579 USD in 2000. FO: GDP: USD: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 50,581.97 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: USD: per Capita from 1998 to 2015 in the chart:
Faroe Islands FO: GDP: per Capita
FO: GDP: per Capita data was reported at 340,310.426 DKK in 2015. This records an increase from the previous number of 322,963.843 DKK for 2014. FO: GDP: per Capita data is updated yearly, averaging 245,774.144 DKK from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 340,310.426 DKK in 2015 and a record low of 159,059.682 DKK in 1998. FO: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 340,310.43 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: GDP: per Capita from 1998 to 2015 in the chart:
GDP Deflator on Linked Series
GDP Deflator on Linked Series data was reported at 124.582 NA in 2022. This records an increase from the previous number of 119.919 NA for 2021. GDP Deflator on Linked Series data is updated yearly, averaging 105.577 NA from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 124.582 NA in 2022 and a record low of 92.094 NA in 2008. GDP Deflator on Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;
| Last | Frequency | Range |
|---|---|---|
| 124.582 2022 | yearly | 2008 - 2022 |
View Faroe Islands's GDP Deflator on Linked Series from 2008 to 2022 in the chart:
GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series
GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 10,405.200 DKK mn in 2022. This records an increase from the previous number of 9,676.200 DKK mn for 2021. GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 8,130.800 DKK mn from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 10,405.200 DKK mn in 2022 and a record low of 6,732.000 DKK mn in 2010. GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;
| Last | Frequency | Range |
|---|---|---|
| 10,405.200 2022 | yearly | 2008 - 2022 |
View Faroe Islands's GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series from 2008 to 2022 in the chart:
GDP: Linked Series
GDP: Linked Series data was reported at 25,162.300 DKK mn in 2022. This records an increase from the previous number of 22,979.800 DKK mn for 2021. GDP: Linked Series data is updated yearly, averaging 17,317.000 DKK mn from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 25,162.300 DKK mn in 2022 and a record low of 12,308.900 DKK mn in 2009. GDP: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;
| Last | Frequency | Range |
|---|---|---|
| 25,162.300 2022 | yearly | 2008 - 2022 |
View Faroe Islands's GDP: Linked Series from 2008 to 2022 in the chart:
Gross National Income: Linked Series
Gross National Income: Linked Series data was reported at 25,876.200 DKK mn in 2022. This records an increase from the previous number of 23,556.400 DKK mn for 2021. Gross National Income: Linked Series data is updated yearly, averaging 17,785.700 DKK mn from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 25,876.200 DKK mn in 2022 and a record low of 12,030.800 DKK mn in 2009. Gross National Income: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;
| Last | Frequency | Range |
|---|---|---|
| 25,876.200 2022 | yearly | 2008 - 2022 |