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According to the latest statistics released by the World Bank in 2025, Faroe Islands's GDP in 2020 was $3.24 billion, ranking 169th in the world and 46th among European countries. In 2019, Faroe Islands's GDP was $3.27 billion, ranking 174th in the world and 46th in European countries. In 2018, Faroe Islands's GDP was $3.18 billion, ranking 175th in the world and 47th in European countries. In 2017, Faroe Islands's GDP was $2.97 billion, ranking 177th in the world and 47th in European countries. The GDP growth rates of Faroe Islands in 2020, 2019, 2018 and 2017 were -0.86%, 2.8%, 7.07% and 5.88% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2020 | $3.24 billion | 0.0038% |
| 2019 | $3.27 billion | 0.0037% |
| 2018 | $3.18 billion | 0.0037% |
| 2017 | $2.97 billion | 0.0036% |
| 2016 | $2.81 billion | 0.0037% |
| 2015 | $2.56 billion | 0.0034% |
| 2014 | $2.9 billion | 0.0036% |
| 2013 | $2.68 billion | 0.0034% |
| 2012 | $2.41 billion | 0.0032% |
| 2011 | $2.5 billion | 0.0034% |
| 2010 | $2.32 billion | 0.0035% |
| 2009 | $2.3 billion | 0.0038% |
| 2008 | $2.49 billion | 0.0039% |
| 2007 | $2.33 billion | 0.004% |
| 2006 | $2.02 billion | 0.0039% |
| 2005 | $1.75 billion | 0.0037% |
| 2004 | $1.71 billion | 0.0039% |
| 2003 | $1.5 billion | 0.0038% |
| 2002 | $1.28 billion | 0.0037% |
| 2001 | $1.16 billion | 0.0035% |
| 2000 | $1.07 billion | 0.0032% |
| 1999 | $1.13 billion | 0.0035% |
| 1998 | $1.11 billion | 0.0035% |