Faroe Islands recorded a Government Budget surplus equal to 5.10 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 5.00 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 5.00 percent of GDP in 2020, according to our econometric models.

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Faroe Islands Government Budget
Faroe Islands Government Last Previous Highest Lowest Unit
Fiscal Expenditure 9745.00 8928.90 9745.00 3948.40 DKK Million [+]
Government Budget 5.10 2.60 12.60 -4.90 percent of GDP [+]
Government Budget Value 708.00 950.70 1745.30 -592.10 DKK Million [+]
Government Revenues 10453.10 9879.60 10453.10 5103.90 DKK Million [+]
Government Spending To GDP 47.70 47.50 59.70 47.50 percent [+]


Faroe Islands Government Budget

This page provides - Faroe Islands Government Budget- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 2.60 12.60 -4.90 1998 - 2017 percent of GDP Yearly




Country Last Previous
Argentina -5.50 Dec/18 -6.1
Australia -0.60 Dec/18 -1.9
Brazil -7.10 Dec/18 -7.8
Canada -0.70 Dec/18 -0.9
China -4.20 Dec/18 -3.7
Euro Area -0.50 Dec/18 -0.9
France -2.50 Dec/18 -2.8
Germany 1.90 Dec/18 1.2
India -3.42 Dec/18 -3.53
Indonesia -1.76 Dec/18 -2.51
Italy -2.20 Dec/18 -2.4
Japan -3.80 Dec/18 -4.8
Mexico -2.00 Dec/18 -1.1
Netherlands 1.50 Dec/18 1.3
Russia 2.70 Dec/18 -1.5
Saudi Arabia -9.20 Dec/18 -8.9
Singapore 0.40 Dec/18 0.3
South Africa -4.40 Dec/18 -4.4
South Korea -1.60 Dec/18 -1.1
Spain -2.50 Dec/18 -3
Switzerland 1.30 Dec/18 1.2
Turkey -2.00 Dec/18 -1.5
United Kingdom -1.90 Dec/19 -2.7
United States -3.80 Dec/18 -3.5


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