Faroe Islands vs Small states: GDP per capita
GDP per capita over time
- Faroe Islands
- Small states
How they compare
Faroe Islands currently reports 74,175 current US$ against 16,578 current US$ in Small states, a difference of 57,597 current US$.
That makes Faroe Islands's figure about 4.5 times Small states's.
Across all 55 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 15th and Small states ranks 9th of 212 countries.
Faroe Islands has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Faroe Islands | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5,742 current US$ | 1,143 current US$ | 4,599 current US$ | Faroe Islands |
| 1980s | 13,489 current US$ | 2,841 current US$ | 10,648 current US$ | Faroe Islands |
| 1990s | 20,618 current US$ | 3,971 current US$ | 16,647 current US$ | Faroe Islands |
| 2000s | 36,689 current US$ | 7,460 current US$ | 29,228 current US$ | Faroe Islands |
| 2010s | 56,024 current US$ | 11,040 current US$ | 44,984 current US$ | Faroe Islands |
| 2020s | 69,080 current US$ | 13,316 current US$ | 55,764 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 Small states?
- Faroe Islands, at 74,175 current US$ against 16,578 current US$ in Small states as of 2024.
- What is the difference in gdp per capita between Faroe Islands and Small states?
- 57,597 current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Small states?
- 55 years are reported by both, from 1970 to 2024.
- How do Faroe Islands and Small states rank globally for gdp per capita?
- Faroe Islands ranks 15th and Small states ranks 9th of 212 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP per capita (current US$). 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.