Faroe Islands GDP: PPP: 2021 Price

Faroe Islands GDP: PPP: 2021 Price data was reported at 3,834.082 Intl $ mn in 2023. This records an increase from the previous number of 3,740.967 Intl $ mn for 2022. Faroe Islands GDP: PPP: 2021 Price data is updated yearly, averaging 3,109.004 Intl $ mn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 3,834.082 Intl $ mn in 2023 and a record low of 2,470.916 Intl $ mn in 2010. Faroe Islands GDP: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

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