GDP deflator: linked series (base year varies by country), annual in Faroe Islands
Faroe Islands: GDP deflator: linked series (base year varies by country), annual was 2 % change on previous year in 2024. ◆ Volatile
GDP deflator: linked series (base year varies by country), annual in Faroe Islands, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp deflator: linked series (base year varies by country), annual in Faroe Islands is 2 % change on previous year, measured in 2024.
Compared with earlier readings it is down 32.2% on the previous year and down 25.3% over ten years.
Over the whole period, gdp deflator: linked series (base year varies by country), annual in Faroe Islands peaked at 7.87 % change on previous year in 2016 and was at its lowest, -2.4 % change on previous year, in 2012.
Faroe Islands ranks 152nd of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP deflator: linked series (base year varies by country), annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 1.59 % change on previous year | — |
| 2010 | 6.95 % change on previous year | +335.8% |
| 2011 | -0.952 % change on previous year | -113.7% |
| 2012 | -2.4 % change on previous year | +152.1% |
| 2013 | 1.52 % change on previous year | -163.2% |
| 2014 | 2.67 % change on previous year | +76.2% |
| 2015 | 4.88 % change on previous year | +82.6% |
| 2016 | 7.87 % change on previous year | +61.2% |
| 2017 | 0.3755 % change on previous year | -95.2% |
| 2018 | -0.4256 % change on previous year | -213.4% |
| 2019 | 3.5 % change on previous year | -922.4% |
| 2020 | -0.1119 % change on previous year | -103.2% |
| 2021 | 3.43 % change on previous year | -3160.2% |
| 2022 | 5.9 % change on previous year | +72.1% |
| 2023 | 2.94 % change on previous year | -50.1% |
| 2024 | 2 % change on previous year | -32.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.59 % change on previous year | 1.59 % change on previous year | 1.59 % change on previous year | 1 |
| 2010s | 2.4 % change on previous year | -2.4 % change on previous year | 7.87 % change on previous year | 10 |
| 2020s | 2.83 % change on previous year | -0.1119 % change on previous year | 5.9 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 149 Morocco 2.1 % change on previous year compare
- 150 Israel 2.09 % change on previous year compare
- 151 Fiji 2 % change on previous year compare
- 153 Italy 1.99 % change on previous year compare
- 154 Trinidad and Tobago 1.99 % change on previous year compare
- 155 Dominica 1.96 % change on previous year compare
More financial sector data for Faroe Islands
- Net migration, annual growth rate -20.9 % change on previous year (2025)
- Net migration 386 (2025)
- Official exchange rate 6.62 LCU per US$, period average (2025)
- GDP deflator: linked series 135.45 base year varies by country (2024)
- Inflation, GDP deflator: linked series 2.0% (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Remittance inflows to GDP 0.0% (2019)
- Total current account credit/revenue, Credit/Revenue 1.68 billion (2011)
- Services balance (credit less debit), Net (credits less debits) -187.40 million (2011)
- Secondary income balance (credit less debit), Net (credits less) 202.96 million (2011)
Frequently asked questions
- What is gdp deflator: linked series (base year varies by country), annual in Faroe Islands?
- Gdp deflator: linked series (base year varies by country), annual in Faroe Islands was 2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator: linked series (base year varies by country), annual recorded in Faroe Islands?
- The highest recorded value was 7.87 % change on previous year in 2016.
- What is the lowest gdp deflator: linked series (base year varies by country), annual recorded in Faroe Islands?
- The lowest recorded value was -2.4 % change on previous year in 2012.
- How does Faroe Islands rank for gdp deflator: linked series (base year varies by country), annual?
- Faroe Islands ranks 152nd out of 212 countries with data for 2024.
- Is gdp deflator: linked series (base year varies by country), annual rising or falling in Faroe Islands?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP deflator: linked series (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP deflator: linked series (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator: linked series Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP deflator: linked series (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.