Faroe Islands
#177 economy by nominal GDP · Europe & Central Asia · High income
GDP
$4.05B
Faroe Islands accounts for 0.00% of the tracked GDP on Open Market Rank. Its GDP is 1.13× Bhutan’s.
World Bank ·2025 data ·Snapshot Oct 11, 2026
Source: World Bank · 2020–2024
Faroe Islands GDP moved from $3.3B to $4.1B.
Source: World Bank · 2015–2024
Faroe Islands GDP moved from $2.6B to $4.1B.
Source: World Bank · 2001–2024
Faroe Islands GDP moved from $1.2B to $4.1B.
Source: World Bank · 2001–2024
Faroe Islands GDP moved from $1.2B to $4.1B.
Key indicators
GDP per person
$74,175
2025
Real GDP growth
+0.84%
2025
Population
54.9K
2025
National wealth
Not available
Latest available estimate
Life expectancy
83.1 years
2025
How it compares
Nearby in the economies ranking — open any of them side by side.
Indicators over time
Population
PeopleSource: World Bank · 2001–2025
Faroe Islands population changed from 46,635 in 2001 to 54,900 in 2025.
About Faroe Islands
Faroe Islands is ranked #177 among the economies tracked by Open Market Rank based on nominal GDP. Its latest available GDP is $4.1B, representing 0.00% of tracked global GDP. Real GDP changed by 0.84% in 2025.
GDP measures economic output during a year. It is different from national wealth, which estimates the value of accumulated assets.
Data & sources
Source: World Bank. The reporting date of a data point is different from the time Open Market Rank refreshed this page. Economic indicators are published on their own schedules, while market prices and exchange rates may update much more frequently.
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