Faroe Islands vs Latin America & Caribbean: GDP per capita
GDP per capita over time
- Faroe Islands
- Latin America & Caribbean
How they compare
Faroe Islands currently reports 59,302 constant 2015 US$ against 9,017 constant 2015 US$ in Latin America & Caribbean, a difference of 50,285 constant 2015 US$.
That makes Faroe Islands's figure about 6.6 times Latin America & Caribbean's.
Across all 17 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 16th and Latin America & Caribbean ranks 19th of 212 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 43,501 constant 2015 US$ | 7,811 constant 2015 US$ | 35,690 constant 2015 US$ | Faroe Islands |
| 2010s | 50,605 constant 2015 US$ | 8,439 constant 2015 US$ | 42,166 constant 2015 US$ | Faroe Islands |
| 2020s | 57,347 constant 2015 US$ | 8,469 constant 2015 US$ | 48,878 constant 2015 US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, Faroe Islands or Latin America & Caribbean?
- Faroe Islands, at 59,302 constant 2015 US$ against 9,017 constant 2015 US$ in Latin America & Caribbean as of 2024.
- What is the difference in gdp per capita between Faroe Islands and Latin America & Caribbean?
- 50,285 constant 2015 US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Latin America & Caribbean?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Latin America & Caribbean rank globally for gdp per capita?
- Faroe Islands ranks 16th and Latin America & Caribbean ranks 19th of 212 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP per capita (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.