Which has a higher GDP, Faroe Islands or Iceland?

Iceland has a higher GDP. Faroe Islands: $4.1B. Iceland: $38.4B (2024).

How does Faroe Islands's GDP per capita compare to Iceland?

Iceland has a higher GDP per capita. Faroe Islands: $74,120. Iceland: $98,150 (2024).

Is Faroe Islands's population larger than Iceland?

Iceland has a higher population. Faroe Islands: 55,379. Iceland: 394,600 (2025).

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Faroe Islands vs Iceland

Side-by-side comparison

Indicator	Faroe Islands	Iceland
GDP per Capita	$74,120	$98,150
GDP Growth	0.84%	1.43%
Inflation Rate	-	4.22%
Population	55,379	394,600
Unemployment Rate	-	3.63%

Faroe Islands vs Iceland: Key Differences

Iceland has a 32% higher gdp per capita ($98,150) compared to Faroe Islands ($74,120). Iceland's gdp growth (1.43%) is 1.7x higher than Faroe Islands's (0.84%) as of 2024. Iceland's population (394,600) is 7.1x higher than Faroe Islands's (55,379) as of 2025.

Faroe Islands Iceland Reverse comparison