GDP deflator in Faroe Islands stood at 135.4 in 2024, according to World Bank. The latest value is up 2% from 132.8 in 2023. Ten years earlier, in 2014, the value was 100.8 (up 34% since). The latest value is the highest since 2008; the lowest was 92.04 in 2008. Faroe Islands ranked 89th highest of the 200 countries in this dataset in 2024; Sudan ranked first.
Data source: World Bank · Unit: index · Category: Macroeconomics · Explore more indicators on EconDash
GDP deflator, measured in index, tracks changes in the price level of goods and services in Faroe Islands. It serves as a primary gauge of purchasing power and cost of living, directly affecting consumer budgets, wage negotiations, and central bank interest rate decisions. Economists distinguish between "headline" inflation (all items) and "core" inflation (excluding volatile food and energy prices) to better understand underlying price trends. In Faroe Islands, this metric is calculated by statistical agencies through regular surveys of thousands of retail prices across urban and rural areas. The resulting index allows comparisons over time: a value of 120 compared to a base of 100 means prices have risen 20% since the base period. Policymakers typically target a modest positive inflation rate (often around 2%) rather than zero, believing this encourages spending and investment while providing a buffer against deflation.
GDP deflator in Faroe Islands stood at 135.4 in 2024, according to World Bank.
The latest value is up 2% from 132.8 in 2023. Ten years earlier, in 2014, the value was 100.8 (up 34% since).
Faroe Islands ranked 89th highest of the 200 countries in this dataset in 2024; Sudan ranked first.
The latest value is the highest since 2008; the lowest was 92.04 in 2008.
| Indicator | GDP deflator |
|---|---|
| Country | Faroe Islands |
| Category | Macroeconomics |
| Unit | index |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). GDP deflator — Faroe Islands [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/gdp-deflator/FRO. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS
World Bank. "GDP deflator — Faroe Islands." EconDash, 2026, https://econdash.org/chart/gdp-deflator/FRO. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS.
World Bank. 2026. "GDP deflator — Faroe Islands." EconDash. Accessed November 13, 2026. https://econdash.org/chart/gdp-deflator/FRO. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS.
@misc{econdash_gdp_deflator_fro,
author = {{World Bank}},
title = {{GDP deflator --- Faroe Islands}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/gdp-deflator/FRO},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS}
}Browse indicators available for Faroe Islands. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
| Demographics | 34 indicators |
|---|---|
| Macroeconomics | 44 indicators |
| Commodities and Energy | 57 indicators |
| Technology and Internet | 7 indicators |
| Transport and Logistics | 7 indicators |
| Labor and Employment | 3 indicators |
| Financial Markets | 1 indicators |
| Total indicators | 153 |