Faroe Islands recorded a Government Budget deficit equal to 0.80 percent of the country's Gross Domestic Product in 2024. Government Budget in Faroe Islands averaged 2.07 percent of GDP from 1998 until 2024, reaching an all time high of 23.50 percent of GDP in 1998 and a record low of -4.00 percent of GDP in 2020. source: Statistics Faroe Islands



Related Last Previous Unit Reference
Fiscal Expenditure 15078.80 14248.70 DKK Million Dec 2024
Government Budget -0.80 -0.20 percent of GDP Dec 2024
Government Budget Value -224.10 -44.10 DKK Million Dec 2024
Government Revenues 14842.90 14204.60 DKK Million Dec 2024
Government Spending to GDP 54.00 52.40 percent of GDP Dec 2024


Faroe Islands Government Budget
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.20 23.50 -4.00 1998 - 2024 percent of GDP Yearly