Faroe Islands recorded a Government Budget surplus equal to 5 percent of the country's Gross Domestic Product in 2017. Government Budget in Faroe Islands averaged 2.55 percent of GDP from 1998 until 2017, reaching an all time high of 12.60 percent of GDP in 1999 and a record low of -4.90 percent of GDP in 2009.
Government Budget in Faroe Islands is expected to be 5.87 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Budget is projected to trend around 8.56 percent of GDP in 2020, according to our econometric models.