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 August 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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Faroe Islands Government Budget

Related Last Previous Unit Reference
Government Spending to GDP 59.80 52.30 percent of GDP Dec 2020
Government Revenues 11009.10 11141.10 DKK Million Dec 2020
Government Budget Value -858.60 237.60 DKK Million Dec 2020
Government Budget -4.30 1.10 percent of GDP Dec 2020
Fiscal Expenditure 11867.70 10903.50 DKK Million Dec 2020