How have things changed?, annual growth rate in Faroe Islands

Faroe Islands: How have things changed?, annual growth rate was -11.63 % change on previous year in 2024. ◆ Volatile

Latest (2024)
-11.63 % change on previous year
Change on year
down 147.4%
World rank
184th
of 212 countries
All-time high
30.97 % change on previous year
in 1983
All-time low
-27.29 % change on previous year
in 2009
Years of data
59
1966–2024

How have things changed?, annual growth rate in Faroe Islands, 1966–2024

-2002040196619952024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for how have things changed?, annual growth rate in Faroe Islands is -11.63 % change on previous year, measured in 2024.

The figure is down 147.4% on the previous year and down 201.4% over ten years.

Over the whole period, how have things changed?, annual growth rate in Faroe Islands peaked at 30.97 % change on previous year in 1983 and was at its lowest, -27.29 % change on previous year, in 2009.

That places Faroe Islands 184th out of 212 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

How have things changed?, annual growth rate in Faroe Islands, year by year

Annual values for How have things changed?, annual growth rate in Faroe Islands, 1966 to 2024.
Year % change on previous year Change
1966 14.56 % change on previous year —
1967 4.48 % change on previous year -69.2%
1968 -4.18 % change on previous year -193.4%
1969 5.78 % change on previous year -238.0%
1970 17.18 % change on previous year +197.5%
1971 0.084 % change on previous year -99.5%
1972 0.1334 % change on previous year +58.7%
1973 18.53 % change on previous year +13789.3%
1974 0.0061 % change on previous year -100.0%
1975 15.94 % change on previous year +262723.6%
1976 19.46 % change on previous year +22.1%
1977 -9.08 % change on previous year -146.6%
1978 2.17 % change on previous year -123.9%
1979 -15.61 % change on previous year -819.2%
1980 3.53 % change on previous year -122.6%
1981 -11.26 % change on previous year -418.6%
1982 2.74 % change on previous year -124.4%
1983 30.97 % change on previous year +1029.1%
1984 5.19 % change on previous year -83.3%
1985 7.81 % change on previous year +50.5%
1986 -5.95 % change on previous year -176.3%
1987 10.85 % change on previous year -282.2%
1988 -6.19 % change on previous year -157.0%
1989 -15.21 % change on previous year +146.0%
1990 -8.06 % change on previous year -47.0%
1991 -13.83 % change on previous year +71.6%
1992 8.8 % change on previous year -163.6%
1993 -1.08 % change on previous year -112.3%
1994 -4.5 % change on previous year +316.4%
1995 16.73 % change on previous year -471.5%
1996 9.14 % change on previous year -45.4%
1997 9.11 % change on previous year -0.3%
1998 9.27 % change on previous year +1.8%
1999 3.97 % change on previous year -57.2%
2000 22.05 % change on previous year +455.7%
2001 15.61 % change on previous year -29.2%
2002 2.99 % change on previous year -80.8%
2003 17.29 % change on previous year +477.4%
2004 -5.5 % change on previous year -131.8%
2005 -8.89 % change on previous year +61.7%
2006 9.14 % change on previous year -202.8%
2007 1.3 % change on previous year -85.8%
2008 -13.29 % change on previous year -1124.3%
2009 -27.29 % change on previous year +105.3%
2010 7.74 % change on previous year -128.4%
2011 -5.97 % change on previous year -177.2%
2012 5.19 % change on previous year -186.9%
2013 28.97 % change on previous year +458.4%
2014 11.47 % change on previous year -60.4%
2015 5.93 % change on previous year -48.3%
2016 -2.19 % change on previous year -137.0%
2017 21.22 % change on previous year -1067.7%
2018 -6.39 % change on previous year -130.1%
2019 1.22 % change on previous year -119.0%
2020 -1.13 % change on previous year -192.6%
2021 -11.07 % change on previous year +882.1%
2022 8.63 % change on previous year -178.0%
2023 24.54 % change on previous year +184.2%
2024 -11.63 % change on previous year -147.4%

Faroe Islands compared with similar countries

  • Faroe Islands's -11.63 % change on previous year is below the median for high income countries, which is -2.37 % change on previous year, 4.9× the median. (82 countries reporting)
  • Faroe Islands's -11.63 % change on previous year is below the median for Europe & Central Asia, which is -1.21 % change on previous year, 9.6× the median. (53 countries reporting)

Biggest year-on-year movements

Years where How have things changed?, annual growth rate in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1975 +262723.6% 0.0061 % change on previous year 15.94 % change on previous year
1973 +13789.3% 0.1334 % change on previous year 18.53 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1960s 5.16 % change on previous year -4.18 % change on previous year 14.56 % change on previous year 4
1970s 4.88 % change on previous year -15.61 % change on previous year 19.46 % change on previous year 10
1980s 2.25 % change on previous year -15.21 % change on previous year 30.97 % change on previous year 10
1990s 2.95 % change on previous year -13.83 % change on previous year 16.73 % change on previous year 10
2000s 1.34 % change on previous year -27.29 % change on previous year 22.05 % change on previous year 10
2010s 6.72 % change on previous year -6.39 % change on previous year 28.97 % change on previous year 10
2020s 1.87 % change on previous year -11.63 % change on previous year 24.54 % change on previous year 5

Countries ranked near Faroe Islands

  1. 181 Kuwait -11.09 % change on previous year compare
  2. 182 Gibraltar -11.19 % change on previous year compare
  3. 183 Romania -11.53 % change on previous year compare
  4. 185 Croatia -13.04 % change on previous year compare
  5. 186 Poland -13.25 % change on previous year compare
  6. 187 Malta -13.52 % change on previous year compare

See the full ranking of 212 places →

More reference data data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is how have things changed?, annual growth rate in Faroe Islands?
How have things changed?, annual growth rate in Faroe Islands was -11.63 % change on previous year in 2024, according to Statizoid (derived).
What is the highest how have things changed?, annual growth rate recorded in Faroe Islands?
The highest recorded value was 30.97 % change on previous year in 1983.
What is the lowest how have things changed?, annual growth rate recorded in Faroe Islands?
The lowest recorded value was -27.29 % change on previous year in 2009.
How does Faroe Islands rank for how have things changed?, annual growth rate?
Faroe Islands ranks 184th out of 212 countries with data for 2024.
Is how have things changed?, annual growth rate rising or falling in Faroe Islands?
Over the last ten years it is down 201.4%. The long-run trend across the full record is volatile.
Where does this Faroe Islands data come from?
The figures come from Statizoid (derived), published as part of How have things changed?, annual growth rate. Statizoid updates them automatically from the source API.

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How have things changed?, annual growth rate in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 28 September 2026, from https://reference.statizoid.com/stat/how-have-things-changed-annual-growth-rate/faroe-islands/

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How this figure is calculated

The year-on-year percentage change in How have things changed?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
How have things changed?, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
212 places, 11,406 data points, 1966–2024
Last refreshed

The year-on-year percentage change in How have things changed?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.