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 74,175 current US$ against 11,095 current US$ in Latin America & Caribbean, a difference of 63,080 current US$.
That makes Faroe Islands's figure about 6.7 times Latin America & Caribbean's.
Across all 60 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 16th and Latin America & Caribbean ranks 17th of 214 countries.
Faroe Islands has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1,742 current US$ | 521.45 current US$ | 1,220 current US$ | Faroe Islands |
| 1970s | 5,742 current US$ | 1,168 current US$ | 4,573 current US$ | Faroe Islands |
| 1980s | 13,489 current US$ | 2,080 current US$ | 11,408 current US$ | Faroe Islands |
| 1990s | 20,618 current US$ | 3,678 current US$ | 16,940 current US$ | Faroe Islands |
| 2000s | 36,689 current US$ | 5,477 current US$ | 31,211 current US$ | Faroe Islands |
| 2010s | 56,024 current US$ | 9,347 current US$ | 46,677 current US$ | Faroe Islands |
| 2020s | 69,080 current US$ | 9,217 current US$ | 59,863 current 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 74,175 current US$ against 11,095 current US$ in Latin America & Caribbean as of 2024.
- What is the difference in gdp per capita between Faroe Islands and Latin America & Caribbean?
- 63,080 current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Latin America & Caribbean?
- 60 years are reported by both, from 1965 to 2024.
- How do Faroe Islands and Latin America & Caribbean rank globally for gdp per capita?
- Faroe Islands ranks 16th and Latin America & Caribbean ranks 17th of 214 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP per capita (current US$). 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.