Faroe Islands vs Greenland: DEC alternative conversion factor
DEC alternative conversion factor over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 6.89 LCU per US$ against 6.62 LCU per US$ in Greenland, a difference of 0.27 LCU per US$.
Across all 60 years both countries report, Greenland has been ahead every year.
Faroe Islands ranks 116th and Greenland ranks 118th of 214 countries.
Greenland has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.15 LCU per US$ | 7.15 LCU per US$ | 0 LCU per US$ | — |
| 1970s | 6.26 LCU per US$ | 6.26 LCU per US$ | 0.0009 LCU per US$ | Greenland |
| 1980s | 8.02 LCU per US$ | 8.02 LCU per US$ | 0 LCU per US$ | — |
| 1990s | 6.31 LCU per US$ | 6.31 LCU per US$ | 0 LCU per US$ | — |
| 2000s | 6.47 LCU per US$ | 6.47 LCU per US$ | 0 LCU per US$ | — |
| 2010s | 6.11 LCU per US$ | 6.11 LCU per US$ | 0 LCU per US$ | — |
| 2020s | 6.74 LCU per US$ | 6.74 LCU per US$ | 0 LCU per US$ | — |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher dec alternative conversion factor, Faroe Islands or Greenland?
- Faroe Islands, at 6.89 LCU per US$ against 6.62 LCU per US$ in Greenland as of 2024.
- What is the difference in dec alternative conversion factor between Faroe Islands and Greenland?
- 0.27 LCU per US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 60 years are reported by both, from 1965 to 2024.
- How do Faroe Islands and Greenland rank globally for dec alternative conversion factor?
- Faroe Islands ranks 116th and Greenland ranks 118th of 214 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as DEC alternative conversion factor (LCU per US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.