Government Budget in Faroe Islands decreased to 3.60 percent of GDP in 2018 from 5 percent of GDP in 2017. source: Statistics Faroe Islands

Government Budget in Faroe Islands averaged 3.18 percent of GDP from 1998 until 2018, reaching an all time high of 23.50 percent of GDP in 1998 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 February of 2021.

Government Budget in Faroe Islands is expected to reach -5.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Budget is projected to trend around -3.80 percent of GDP in 2022, according to our econometric models.

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Faroe Islands Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
3.60 5.00 23.50 -4.90 1998 - 2018 percent of GDP Yearly

Faroe Islands Government Last Previous Highest Lowest Unit
Fiscal Expenditure 10335.60 9745.00 10335.60 3948.40 DKK Million [+]
Government Budget 3.60 5.00 23.50 -4.90 percent of GDP [+]
Government Budget Value 828.10 705.30 1745.30 -592.10 DKK Million [+]
Government Revenues 11163.80 10449.90 11163.80 5103.90 DKK Million [+]
Government Spending To GDP 49.50 46.50 59.70 46.50 percent [+]