Faroe Islands - GDP Deflator 2023
2.94%
−2.95pp from 2022
Faroe Islands's gdp deflator was 2.94% in 2023, decreased +2.95pp from 5.90% in 2022. This was the 64th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -20.82% | -283.2% |
| 2nd | Iraq | -15.53% | -157.7% |
| 3rd | Guyana | -14.09% | -216.8% |
| 4th | Trinidad and Tobago | -12.99% | -181.5% |
| 5th | Brunei Darussalam | -12.85% | -153.0% |
| 6th | Norway | -11.08% | -139.0% |
| 7th | Gabon | -9.96% | -167.5% |
| 8th | Azerbaijan | -9.32% | -125.0% |
| 9th | Qatar | -9.20% | -135.6% |
| 10th | Kuwait | -8.07% | -145.7% |
| 11th | Equatorial Guinea | -7.65% | -134.6% |
| 12th | Libya | -7.62% | -117.8% |
| 13th | Congo, Republic of | -7.57% | -141.4% |
| 14th | Singapore | -5.02% | -133.6% |
| 15th | Oman | -4.70% | -128.5% |
| 16th | Papua New Guinea | -4.34% | -128.9% |
| 17th | Bahrain | -4.28% | -160.0% |
| 18th | New Caledonia | -3.97% | -203.3% |
| 19th | Chad | -3.79% | -126.8% |
| 20th | Turkmenistan | -3.28% | -129.7% |
| 21st | West Bank and Gaza | -2.43% | -244.4% |
| 22nd | Saudi Arabia | -2.18% | -117.4% |
| 23rd | Denmark | -2.12% | -120.4% |
| 24th | United Arab Emirates | -2.02% | -116.0% |
| 25th | Malaysia | -1.85% | -129.4% |
| 26th | China | -0.51% | -126.1% |
| 27th | Lesotho | -0.37% | -106.7% |
| 28th | Costa Rica | -0.09% | -101.4% |
| 29th | Bolivia, Plurinational State of | 0.19% | -92.7% |
| 30th | Turks and Caicos Islands | 0.47% | -72.0% |
| 31st | Switzerland | 0.90% | -70.5% |
| 32nd | Algeria | 1.00% | -95.6% |
| 33rd | Cambodia | 1.02% | -70.8% |
| 34th | Thailand | 1.27% | -72.6% |
| 35th | Canada | 1.36% | -82.8% |
| 36th | St. Lucia | 1.49% | -64.7% |
| 37th | Indonesia | 1.53% | -84.0% |
| 38th | Botswana | 1.74% | -88.1% |
| 39th | Jordan | 1.83% | -30.1% |
| 40th | Greenland | 1.86% | -66.8% |
| 41st | Barbados | 1.94% | 255.4% |
| 42nd | Burkina Faso | 1.97% | -57.6% |
| 43rd | Sint Maarten (Dutch part) | 2.02% | -39.4% |
| 44th | Korea | 2.04% | 12.8% |
| 45th | Dominica | 2.09% | 697.9% |
| 46th | Viet Nam | 2.09% | -52.9% |
| 47th | Maldives | 2.14% | -37.3% |
| 48th | Paraguay | 2.17% | -73.0% |
| 49th | Mali | 2.22% | -64.7% |
| 50th | Panama | 2.26% | 2.9% |
| 51st | Ecuador | 2.28% | -2.7% |
| 52nd | Curaçao | 2.40% | -51.9% |
| 53rd | Djibouti | 2.45% | 1,755.8% |
| 54th | Solomon Islands | 2.55% | 235.9% |
| 55th | India | 2.59% | -56.0% |
| 56th | El Salvador | 2.59% | -60.6% |
| 57th | Comoros | 2.63% | -49.3% |
| 58th | Tanzania | 2.75% | -0.5% |
| 59th | Cayman Islands | 2.75% | -29.3% |
| 60th | Fiji | 2.75% | -65.9% |
| 61st | Hong Kong SAR, China | 2.89% | 71.3% |
| 62nd | St. Vincent and the Grenadines | 2.91% | -63.4% |
| 63rd | Afghanistan | 2.92% | -68.9% |
| 64th | Faroe Islands | 2.94% | -50.1% |
| 65th | Georgia | 2.95% | -63.8% |
| 66th | Senegal | 3.05% | -67.3% |
| 67th | Armenia | 3.10% | -61.2% |
| 68th | Cabo Verde | 3.26% | -48.6% |
| 69th | French Polynesia | 3.28% | 31.9% |
| 70th | Puerto Rico (US) | 3.32% | -14.9% |
| 71st | Benin | 3.39% | -18.2% |
| 72nd | Ireland | 3.39% | -57.6% |
| 73rd | Uruguay | 3.41% | -33.7% |
| 74th | Niger | 3.49% | -13.2% |
| 75th | Finland | 3.49% | -43.4% |
| 76th | Cameroon | 3.57% | -47.7% |
| 77th | Central African Republic | 3.57% | -40.6% |
| 78th | United States | 3.60% | -49.5% |
| 79th | Tajikistan | 3.74% | -54.7% |
| 80th | Mauritania | 3.81% | 721.5% |
| 81st | Bermuda | 3.85% | 165.9% |
| 82nd | Côte d'Ivoire | 3.90% | 30.1% |
| 83rd | Togo | 3.96% | -44.4% |
| 84th | Japan | 4.07% | 919.5% |
| 85th | Seychelles | 4.09% | 160.5% |
| 86th | New Zealand | 4.15% | -29.6% |
| 87th | Macao SAR, China | 4.38% | 276.8% |
| 88th | Bhutan | 4.40% | -24.0% |
| 89th | St. Kitts and Nevis | 4.41% | 27.4% |
| 90th | Grenada | 4.46% | 171.7% |
| 91st | Israel | 4.55% | -7.8% |
| 92nd | Kosovo | 4.56% | -36.6% |
| 93rd | Philippines | 4.60% | -16.2% |
| 94th | Somalia, Fed. Rep. | 4.60% | -42.0% |
| 95th | Mexico | 4.65% | -30.2% |
| 96th | South Africa | 4.72% | -9.9% |
| 97th | Liberia | 4.81% | -44.5% |
| 98th | Antigua and Barbuda | 4.91% | -27.6% |
| 99th | France | 4.99% | 65.3% |
| 100th | Monaco | 4.99% | 65.5% |
| 101st | Mozambique | 5.09% | -44.4% |
| 102nd | Guinea-Bissau | 5.14% | 32.3% |
| 103rd | Brazil | 5.16% | -39.8% |
| 104th | Malta | 5.17% | 1.5% |
| 105th | Iceland | 5.29% | -40.1% |
| 106th | Kenya | 5.42% | -22.2% |
| 107th | Belgium | 5.51% | -17.8% |
| 108th | Cyprus | 5.60% | -15.4% |
| 109th | Micronesia, Federated States of | 5.65% | -39.8% |
| 110th | Albania | 5.73% | -41.9% |
| 111th | Nepal | 5.75% | -30.2% |
| 112th | Channel Islands | 5.75% | -21.8% |
| 113th | Dominican Republic | 5.79% | -39.4% |
| 114th | Sweden | 5.83% | -3.2% |
| 115th | Tuvalu | 6.00% | 8.2% |
| 116th | Honduras | 6.05% | -35.1% |
| 117th | Eswatini | 6.05% | -31.7% |
| 118th | Guinea | 6.09% | 117.2% |
| 119th | Mauritius | 6.13% | -28.0% |
| 120th | Italy | 6.20% | 79.4% |
| 121st | Spain | 6.25% | 33.1% |
| 122nd | Greece | 6.27% | -0.2% |
| 123rd | Andorra | 6.30% | 48.6% |
| 124th | Netherlands | 6.30% | 2.4% |
| 125th | Peru | 6.34% | 40.4% |
| 126th | United Kingdom | 6.34% | 11.7% |
| 127th | Nauru | 6.40% | 148.7% |
| 128th | Australia | 6.46% | -10.3% |
| 129th | Guatemala | 6.54% | 2.6% |
| 130th | Chile | 6.59% | -12.9% |
| 131st | Namibia | 6.60% | 2.8% |
| 132nd | Bahamas, The | 6.64% | 61.0% |
| 133rd | Germany | 6.69% | 4.3% |
| 134th | Belize | 6.69% | -8.1% |
| 135th | Uganda | 6.75% | 37.1% |
| 136th | Samoa | 6.83% | 168.5% |
| 137th | Bangladesh | 6.90% | 36.6% |
| 138th | Luxembourg | 6.91% | 11.1% |
| 139th | European Union | 6.91% | 4.4% |
| 140th | Colombia | 6.95% | -53.4% |
| 141st | Vanuatu | 6.97% | -37.9% |
| 142nd | Morocco | 7.05% | 170.9% |
| 143rd | Zambia | 7.09% | 15.5% |
| 144th | Aruba | 7.11% | 65.7% |
| 145th | Austria | 7.17% | 42.8% |
| 146th | Tunisia | 7.18% | 126.8% |
| 147th | Bosnia and Herzegovina | 7.29% | -38.3% |
| 148th | Marshall Islands | 7.32% | 2,845.4% |
| 149th | San Marino | 7.36% | 166.1% |
| 150th | Tonga | 7.43% | -19.3% |
| 151st | Madagascar | 7.47% | -22.4% |
| 152nd | Portugal | 7.49% | 40.5% |
| 153rd | North Macedonia | 7.88% | -11.2% |
| 154th | Bulgaria | 8.00% | -49.8% |
| 155th | Russian Federation | 8.00% | -56.0% |
| 156th | Belarus | 8.05% | -45.9% |
| 157th | Czechia | 8.60% | -0.8% |
| 158th | Estonia | 8.64% | -48.7% |
| 159th | Kiribati | 8.70% | 544.4% |
| 160th | Lithuania | 9.02% | -43.8% |
| 161st | Moldova | 9.28% | -50.8% |
| 162nd | Kazakhstan | 9.52% | -51.8% |
| 163rd | Poland | 9.87% | -7.7% |
| 164th | Slovenia | 9.99% | 54.2% |
| 165th | Slovak Republic | 10.02% | 36.7% |
| 166th | Latvia | 10.67% | 10.1% |
| 167th | Nicaragua | 10.78% | 28.6% |
| 168th | Myanmar | 10.79% | 75.0% |
| 169th | Nigeria | 10.82% | 34.5% |
| 170th | Palau | 11.04% | 188.5% |
| 171st | Congo, Democratic Republic of | 11.29% | 13.0% |
| 172nd | Jamaica | 11.33% | -10.5% |
| 173rd | Montenegro | 11.68% | -3.2% |
| 174th | Rwanda | 11.95% | -24.4% |
| 175th | Romania | 12.35% | 2.5% |
| 176th | Croatia | 12.87% | 60.7% |
| 177th | Gambia, The | 13.72% | 55.6% |
| 178th | Uzbekistan | 13.82% | -4.4% |
| 179th | Serbia | 13.93% | 33.2% |
| 180th | Hungary | 15.11% | 8.1% |
| 181st | Sri Lanka | 16.67% | -64.9% |
| 182nd | Angola | 17.93% | -1.1% |
| 183rd | Burundi | 18.99% | 26.2% |
| 184th | Kyrgyz Republic | 19.86% | 1.0% |
| 185th | Ukraine | 19.87% | -43.1% |
| 186th | Mongolia | 21.77% | 22.9% |
| 187th | São Tomé and Principe | 23.75% | 50.5% |
| 188th | Lao PDR | 24.42% | 54.8% |
| 189th | Egypt, Arab Republic of | 24.80% | 137.9% |
| 190th | Pakistan | 26.02% | 86.7% |
| 191st | Malawi | 29.03% | 69.1% |
| 192nd | Sierra Leone | 29.26% | 8.5% |
| 193rd | Sudan | 29.69% | -74.6% |
| 194th | Haiti | 31.51% | 5.8% |
| 195th | Suriname | 33.10% | -33.0% |
| 196th | Cuba | 33.56% | 138.1% |
| 197th | Iran, Islamic Republic of | 37.29% | -27.0% |
| 198th | Ghana | 40.11% | 42.3% |
| 199th | Türkiye | 68.28% | -28.5% |
| 200th | Argentina | 136.74% | 98.2% |
| 201st | Lebanon | 202.91% | 80.9% |
| 202nd | Zimbabwe | 768.48% | 180.0% |
FAQ
What was Faroe Islands's gdp deflator in 2023?▾
Faroe Islands's gdp deflator in 2023 was 2.94%. This ranked 64th globally.
How did Faroe Islands's gdp deflator change in 2023?▾
Faroe Islands's gdp deflator decreased by 50.1% in 2023 compared to 2022.
Which country had the highest gdp deflator in 2023?▾
Zimbabwe had the highest gdp deflator in 2023 at 768.48%.
What is the gdp deflator of Faroe Islands in 2023?▾
The gdp deflator of Faroe Islands in 2023 was 2.94%. This ranked 64th globally.
How does 2023 compare to 2022 for Faroe Islands's gdp deflator?▾
Faroe Islands's gdp deflator went from 5.90% in 2022 to 2.94% in 2023, a 50.1% decrease.
Related
2022
2024
All years
Full ranking 2023
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 2016
Lowest: 2012
GDP Deflator 1990s
GDP Deflator 2000s
GDP Deflator 2010s
GDP Deflator 2020s
Highest ever
Lowest ever
Average
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vs Macao SAR, China
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Global Ranking