GDP deflator: linked series in Faroe Islands
Faroe Islands: GDP deflator: linked series was 135.45 base year varies by country in 2024. ▲ Rising
GDP deflator: linked series in Faroe Islands, 2008–2024
Source: Staff estimates, World Bank (WB). Measured in base year varies by country.
Analysis
Faroe Islands recorded 135.45 base year varies by country for gdp deflator: linked series in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 34.4% over ten years.
Over the whole period, gdp deflator: linked series in Faroe Islands peaked at 135.45 base year varies by country in 2024 and was at its lowest, 92.04 base year varies by country, in 2008.
That places Faroe Islands 105th out of 212 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
GDP deflator: linked series in Faroe Islands, year by year
| Year | base year varies by country | Change |
|---|---|---|
| 2008 | 92.04 base year varies by country | — |
| 2009 | 93.5 base year varies by country | +1.6% |
| 2010 | 100 base year varies by country | +6.9% |
| 2011 | 99.05 base year varies by country | -1.0% |
| 2012 | 96.67 base year varies by country | -2.4% |
| 2013 | 98.14 base year varies by country | +1.5% |
| 2014 | 100.76 base year varies by country | +2.7% |
| 2015 | 105.67 base year varies by country | +4.9% |
| 2016 | 113.99 base year varies by country | +7.9% |
| 2017 | 114.42 base year varies by country | +0.4% |
| 2018 | 113.93 base year varies by country | -0.4% |
| 2019 | 117.92 base year varies by country | +3.5% |
| 2020 | 117.78 base year varies by country | -0.1% |
| 2021 | 121.82 base year varies by country | +3.4% |
| 2022 | 129 base year varies by country | +5.9% |
| 2023 | 132.8 base year varies by country | +2.9% |
| 2024 | 135.45 base year varies by country | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.77 base year varies by country | 92.04 base year varies by country | 93.5 base year varies by country | 2 |
| 2010s | 106.05 base year varies by country | 96.67 base year varies by country | 117.92 base year varies by country | 10 |
| 2020s | 127.37 base year varies by country | 117.78 base year varies by country | 135.45 base year varies by country | 5 |
Countries ranked near Faroe Islands
- 102 Botswana 136.44 base year varies by country compare
- 103 Guinea-Bissau 135.92 base year varies by country compare
- 104 Bolivia, Plurinational State of 135.88 base year varies by country compare
- 106 American Samoa 135.04 base year varies by country compare
- 107 Saint Kitts and Nevis 134.9 base year varies by country compare
- 108 Northern Mariana Islands 134.81 base year varies by country 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)
- Inflation, GDP deflator: linked series 2.0% (2024)
- GDP deflator: linked series (base year varies by country), annual 2 % change on previous year (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 in Faroe Islands?
- Gdp deflator: linked series in Faroe Islands was 135.45 base year varies by country in 2024, according to Staff estimates, World Bank (WB).
- What is the highest gdp deflator: linked series recorded in Faroe Islands?
- The highest recorded value was 135.45 base year varies by country in 2024.
- What is the lowest gdp deflator: linked series recorded in Faroe Islands?
- The lowest recorded value was 92.04 base year varies by country in 2008.
- How does Faroe Islands rank for gdp deflator: linked series?
- Faroe Islands ranks 105th out of 212 countries with data for 2024.
- Is gdp deflator: linked series rising or falling in Faroe Islands?
- Over the last ten years it is up 34.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of GDP deflator: linked series (base year varies by country). Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by 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. This indicator is expressed as a ratio (a÷b).