Faroe Islands recorded a Government Budget surplus equal to 5.10 percent of the country's Gross Domestic Product in 2017.
Government Budget in Faroe Islands averaged 2.55 percent of GDP from 1998 until 2017, reaching an all time high of 12.60 percent of GDP in 1999 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 August of 2020.
Government Budget in Faroe Islands is expected to reach -4.20 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Budget is projected to trend around -5.40 percent of GDP in 2021 and -3.80 percent of GDP in 2022, according to our econometric models.