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Economy > National accounts Stats: compare key data on Faroe Islands & Germany

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Definitions

  • Local currency at current prices > Aggregate indicators > GDP > Current LCU: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Local currency at current prices > Aggregate indicators > GNI > Current LCU: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.
  • Local currency at current prices > Aggregate indicators > Net income from abroad > Current: Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency."
  • US$ at constant 2000 prices > Aggregate indicators > GDP > Constant 2000 US$: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2000 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
  • US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant U.S. dollars.
  • US$ at current prices > Aggregate indicators > GDP > Current US$: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
  • US$ at current prices > Aggregate indicators > Net income from abroad > Current US$: Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars."
STAT Faroe Islands Germany HISTORY
Local currency at current prices > Aggregate indicators > GDP > Current LCU 11.78 billion
Ranked 150th.
2.4 trillion
Ranked 58th. 203 times more than Faroe Islands

Local currency at current prices > Aggregate indicators > GNI > Current LCU 12.3 billion
Ranked 151st.
2.43 trillion
Ranked 53th. 198 times more than Faroe Islands

Local currency at current prices > Aggregate indicators > Net income from abroad > Current 2.3 million
Ranked 33th.
33.84 billion
Ranked 11th. 14713 times more than Faroe Islands

US$ at constant 2000 prices > Aggregate indicators > GDP > Constant 2000 US$ $1.06 billion
Ranked 152nd.
$2.00 trillion
Ranked 5th. 1881 times more than Faroe Islands

US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ $23,221.31
Ranked 19th.
$24,409.54
Ranked 19th. 5% more than Faroe Islands

US$ at current prices > Aggregate indicators > GDP > Current US$ $2.20 billion
Ranked 138th.
$3.33 trillion
Ranked 5th. 1515 times more than Faroe Islands

US$ at current prices > Aggregate indicators > Net income from abroad > Current US$ $451,148.47
Ranked 33th.
$47.01 billion
Ranked 2nd. 104201 times more than Faroe Islands

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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