Forecast
Forward projections from the prediction engine — baseline plus an optimistic/pessimistic band and a confidence interval, per macro indicator. These are PROJECTIONS, not observations: generated from observed history, never a guarantee. A country we hold no projections for is shown honestly.
Forecast
Need it as JSON? GET /api/v1/forecast/country/{iso3}.
Faroe Islands: forward projections across 6 macro indicators, horizons 2025, 2026, 2027, 2028, 2029, 2030, 2034, 2035. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.
Nowcast
Each indicator nowcast from its strongest leading series — inferable from observations already in hand.
No macro series leads another strongly enough in Faroe Islands (over enough overlapping history) to nowcast it.
Machine-readable: GET /api/v1/nowcast/country/FRO?indicator= · API docs
Latest observed54.56(2024)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2025 | 54.92 | 66.79 | 44.63 | 52.35 – 57.5 |
| 2027 | 55.65 | 76.22 | 37.82 | 50.04 – 61.26 |
| 2029 | 56.38 | 82.93 | 33.37 | 48.07 – 64.68 |
| 2034 | 58.2 | 95.75 | 25.65 | 43.52 – 72.87 |
Blended 1-yr-ahead54.75· skill-weighted across models
Method: linear_trend; lookback 8y; horizon 1y; confidence 80%
Latest observed4.1bn(2024)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2025 | 4.2bn | 4.5bn | 3.9bn | 4bn – 4.3bn |
| 2027 | 4.5bn | 5.1bn | 3.9bn | 4.1bn – 4.8bn |
| 2029 | 4.7bn | 5.5bn | 4.1bn | 4.2bn – 5.3bn |
| 2034 | 5.5bn | 6.6bn | 4.5bn | 4.3bn – 6.6bn |
Blended 1-yr-ahead4.2bn· skill-weighted across models
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed0.84(2024)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2025 | -0.05 | 8.75 | -7.67 | -1.53 – 1.43 |
| 2027 | -2.03 | 12 | -10 | -4.67 – 0.6 |
| 2029 | -4.02 | 12 | -10 | -7.62 – -0.42 |
| 2034 | -8.98 | 12 | -10 | -10 – -2.91 |
Blended 1-yr-ahead0.43· skill-weighted across models
Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%
Latest observed74.2k(2024)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2025 | 75.7k | 82.3k | 70k | 73.3k – 78k |
| 2027 | 79.7k | 91.1k | 69.8k | 73.8k – 85.6k |
| 2029 | 83.7k | 98.4k | 70.9k | 74.2k – 93.2k |
| 2034 | 93.7k | 114.5k | 75.7k | 74.3k – 113.2k |
Blended 1-yr-ahead76.2k· skill-weighted across models
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed51.2(2024)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2025 | 51.69 | 61.85 | 41.53 | 49.31 – 54.07 |
| 2027 | 52.67 | 70.27 | 35.08 | 47.45 – 57.89 |
| 2029 | 53.66 | 76.37 | 30.94 | 45.89 – 61.42 |
| 2034 | 56.11 | 88.24 | 23.99 | 42.22 – 70.01 |
Blended 1-yr-ahead50.84· skill-weighted across models
Method: linear_trend; lookback 8y; horizon 1y; confidence 80%
Latest observed54.9k(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 54.8k | 57.4k | 52.4k | 53.1k – 56.5k |
| 2028 | 55.1k | 57.7k | 52.7k | 51k – 59.1k |
| 2030 | 55.4k | 58k | 52.9k | 49.1k – 61.6k |
| 2035 | 56.1k | 58.7k | 53.6k | 44.4k – 67.7k |
Blended 1-yr-ahead55.2k· skill-weighted across models
Track record±405.62typical miss · 1 realized · 1% MAPE
Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%
Reliability badges show each indicator's best model skill— how much it beats a naive last-value forecast, measured out-of-sample on that series' own observed history (backtested one-step-ahead). A track record, not a guarantee of future accuracy.
Generated by the prediction engine (model prediction-engine-v1) on 2026-08-08 from observed history. Projections, not observations — never a guarantee of future values.
Machine-readable: GET /api/v1/forecast/country/FRO · Country page → · Full brief → · API docs
