Faeroe Islands GDP Growth Rate (2026)
The Faeroe Islands has a small North Atlantic economy supported by fisheries, aquaculture, services, construction, and trade. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.5%
Annual real GDP growth
World Rank
#130
Out of 218 economies
Change vs 2025
N/A
Previous-year data unavailable
Europe Rank
#12
Out of 45 economies
1. Faeroe Islands GDP Growth Rate in 2026
Economic growth is strongly influenced by fisheries, salmon exports, commodity prices, investment, and household demand. External seafood markets remain especially important.
2. Faeroe Islands GDP Growth Rate Trends (2009–2026)
The islands’ growth history has been shaped by fishing cycles, aquaculture expansion, public investment, and international seafood demand.
3. Faeroe Islands GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.5% | +1.7 pp |
| 2024 | +0.8% | -2.3 pp |
| 2023 | +3.2% | -0.7 pp |
| 2022 | +3.9% | -1.2 pp |
| 2021 | +5.1% | +6.7 pp |
| 2020 | -1.6% | -6.2 pp |
| 2019 | +4.5% | +1.8 pp |
| 2018 | +2.8% | -0.8 pp |
| 2017 | +3.5% | +2.1 pp |
| 2016 | +1.4% | +0.4 pp |
| 2015 | +1.0% | -4.5 pp |
| 2014 | +5.4% | -0.4 pp |
| 2013 | +5.9% | -1.2 pp |
| 2012 | +7.1% | +3.5 pp |
| 2011 | +3.6% | +4.0 pp |
| 2010 | -0.4% | +4.2 pp |
| 2009 | -4.6% | — |
4. Faeroe Islands GDP Growth Performance
Current Growth Rate
+2.5%
(2026 to 2026)
5-Year Average
+2.6%
(2022 to 2026)
10-Year Average
+2.7%
(2017 to 2026)
20-Year Average
+2.6%
(2007 to 2026)
The economy benefits from highly productive fisheries and aquaculture, but sector concentration makes performance sensitive to biological and market conditions.
5. Faeroe Islands GDP Growth Rate vs Europe and World
Faeroe Islands
+2.5%
Europe Average
+1.7%
World Average
+2.9%
0.0%
1.5%
2.9%
Annual real GDP growth (%)
Faeroe Islands’s GDP growth rate is approximately
0.8 pp
above the
Europe average
and
0.4 pp
below the world average.
6. Faeroe Islands GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #8 | Montenegro | +2.8% |
| #9 | Bulgaria | +2.8% |
| #10 | Croatia | +2.6% |
| #11 | Ireland | +2.5% |
| #12 | Faeroe Islands | +2.5% |
| #13 | Czech Republic | +2.2% |
| #14 | Latvia | +2.2% |
| #15 | Bosnia and Herzegovina | +2.2% |
| #16 | Andorra | +2.1% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Faeroe Islands
Faeroe Islands GDP (Nominal)
$3.9 Billion
(2026)
Faeroe Islands GDP Growth Rate
+2.5%
(2026)
The Faeroe Islands can perform strongly when seafood exports are favorable, though growth is more volatile than in larger Nordic economies.
Explore more:
Faeroe Islands GDP
9. Faeroe Islands GDP Growth Rate Forecast
The outlook depends on fisheries, aquaculture, investment, export prices, and global seafood demand. Biological risks and trade conditions remain important.
Forecast data is currently unavailable for
Faeroe Islands.
10. Faeroe Islands GDP Growth Rate: Key Findings
Faeroe Islands GDP growth rate is estimated at +2.5% in 2026.
It ranks #130 globally and #12 in Europe by annual GDP growth rate.
The 5-year average GDP growth rate is +2.6%.
The 10-year average GDP growth rate is +2.7%.
The current rate is 0.8 percentage points above the Europe average.
The current rate is 0.4 percentage points below the world average.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Faeroe Islands GDP Growth Rate FAQs
Faeroe Islands GDP growth rate is estimated at +2.5% in 2026.
Faeroe Islands ranks #130 globally and #12 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.5% in 2026.
Faeroe Islands GDP growth rate was +1.0% in 2015.
Faeroe Islands GDP growth rate is 0.8 percentage points above the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.