Faroe Islands recorded a Government Budget deficit equal to 4.30 percent of the country's Gross Domestic Product in 2020. source: Statistics Faroe Islands
Government Budget in Faroe Islands averaged 2.31 percent of GDP from 1998 until 2020, reaching an all time high of 23.50 percent of GDP in 1998 and a record low of -4.60 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 July of 2022.
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.