Faroe Islands GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Faroe Islands's gdp deflator was 3.95% in 2025, ranked 137th globally. This represents a 97.9% increase from 2024. Data from World Bank, covering 2009–2025.
Overview
Faroe Islands's gdp deflator stood at 3.95% in 2025, a rise of +1.95pp from 2024. Based on recent trends, this figure is projected to reach 3.95% by 2025. Faroe Islands ranked 137th globally.
The Faroe Islands' GDP Deflator has exhibited significant fluctuations over the past 17 years. At its peak in 2016, the deflator reached 7.87%, significantly surpassing the global average. Conversely, the economy experienced a trough in 2012 with a decline of 2.40%, a stark contrast to the current situation. The deflator has since shown a steady increase, with the latest available figure standing at 3.95%, ranking the Faroe Islands 137th globally. Notably, this figure closely matches that of Nauru, the country with the closest rank among its peer nations. The rising deflator suggests a gradual improvement in the Faroe Islands' economic conditions. However, if the global economic landscape shifts significantly, such as a sharp decline in global commodity prices, it could potentially alter the trajectory of the Faroe Islands' GDP Deflator and impact its economic growth.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 4.70% | - | - |
| 2026* trend | 4.32% | - | - |
| 2025* trend | 3.95% | - | - |
| 2025 | 3.95% | +1.95pp | #137 |
| 2024 | 2.00% | −0.95pp | #48 |
| 2023 | 2.94% | −2.95pp | #64 |
| 2022 | 5.90% | +2.47pp | #75 |
| 2021 | 3.43% | +3.54pp | #87 |
| 2020 | -0.11% | −3.61pp | #52 |
| 2019 | 3.50% | +3.93pp | #143 |
| 2018 | -0.43% | −0.80pp | #11 |
| 2017 | 0.38% | −7.49pp | #24 |
| 2016 | 7.87% | +2.99pp | #181 |
| 2015 | 4.88% | +2.21pp | #161 |
| 2014 | 2.67% | +1.16pp | #120 |
| 2013 | 1.52% | +3.92pp | #81 |
| 2012 | -2.40% | −1.45pp | #3 |
| 2011 | -0.95% | −7.90pp | #6 |
Analysis
Faroe Islands's gdp deflator was 3.95% in 2025, a rise of +1.95pp from 2024. Based on trends, estimated 3.95% by 2025.
Frequently Asked Questions
Faroe Islands's gdp deflator was 3.95% in 2025. Ranked 137th globally. This represents a 97.9% increase from the previous year.
Faroe Islands's gdp deflator peaked at 7.87% in 2016.
The lowest gdp deflator in Faroe Islands was -2.40% in 2012.
Faroe Islands ranks 137th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Faroe Islands's gdp deflator is projected to reach 3.95% by 2025 based on trend extrapolation.
The gdp deflator of Faroe Islands in 2025 was 3.95%. This ranks 137th in the world.
Cite this page
@misc{historysaid_faroe-islands_gdp-deflator,
title = {Faroe Islands GDP Deflator},
url = {https://historysaid.com/faroe-islands/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}