Faroe Islands recorded a Government Budget surplus equal to 5.10 percent of the country's Gross Domestic Product in 2017. source: Statistics Faroe Islands
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. This page provides - Faroe Islands Government Budget- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Government Budget - values, historical data and charts - was last updated on November of 2020.
Government Budget in Faroe Islands is expected to reach -4.20 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Budget is projected to trend around -5.40 percent of GDP in 2021 and -3.80 percent of GDP in 2022, according to our econometric models.