Australia vs Faroe Islands: GDP per capita
GDP per capita over time
- Australia
- Faroe Islands
How they compare
Faroe Islands currently reports 74,175 current US$ against 65,130 current US$ in Australia, a difference of 9,045 current US$.
That makes Faroe Islands's figure about 1.1 times Australia's.
The two have swapped places 9 times across 60 shared years of data; in 1965 it was Australia ahead.
Australia ranks 18th and Faroe Islands ranks 15th of 212 countries.
Across the 7 decades both report, Australia averaged higher in 3 and Faroe Islands in 4.
Head to head by decade
| Decade | Australia | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 2,588 current US$ | 1,742 current US$ | 846.19 current US$ | Australia |
| 1970s | 6,190 current US$ | 5,742 current US$ | 448.55 current US$ | Australia |
| 1980s | 12,555 current US$ | 13,489 current US$ | 933.77 current US$ | Faroe Islands |
| 1990s | 20,017 current US$ | 20,618 current US$ | 600.67 current US$ | Faroe Islands |
| 2000s | 32,171 current US$ | 36,689 current US$ | 4,518 current US$ | Faroe Islands |
| 2010s | 58,849 current US$ | 56,024 current US$ | 2,825 current US$ | Australia |
| 2020s | 61,516 current US$ | 69,080 current US$ | 7,564 current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, Australia or Faroe Islands?
- Faroe Islands, at 74,175 current US$ against 65,130 current US$ in Australia as of 2024.
- What is the difference in gdp per capita between Australia and Faroe Islands?
- 9,045 current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Australia and Faroe Islands?
- 60 years are reported by both, from 1965 to 2024.
- How do Australia and Faroe Islands rank globally for gdp per capita?
- Australia ranks 18th and Faroe Islands ranks 15th of 212 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP per capita (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.