Faroe Islands vs World: GDP per capita
GDP per capita over time
- Faroe Islands
- World
How they compare
Faroe Islands currently reports 74,175 current US$ against 14,406 current US$ in World, a difference of 59,769 current US$.
That makes Faroe Islands's figure about 5.1 times World's.
Across all 60 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 16th and World ranks 13th of 213 countries.
Faroe Islands has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | World | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1,742 current US$ | 673.97 current US$ | 1,068 current US$ | Faroe Islands |
| 1970s | 5,742 current US$ | 1,450 current US$ | 4,291 current US$ | Faroe Islands |
| 1980s | 13,489 current US$ | 3,000 current US$ | 10,488 current US$ | Faroe Islands |
| 1990s | 20,618 current US$ | 5,021 current US$ | 15,597 current US$ | Faroe Islands |
| 2000s | 36,689 current US$ | 7,144 current US$ | 29,545 current US$ | Faroe Islands |
| 2010s | 56,024 current US$ | 10,630 current US$ | 45,394 current US$ | Faroe Islands |
| 2020s | 69,080 current US$ | 12,676 current US$ | 56,404 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 World?
- Faroe Islands, at 74,175 current US$ against 14,406 current US$ in World as of 2024.
- What is the difference in gdp per capita between Faroe Islands and World?
- 59,769 current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and World?
- 60 years are reported by both, from 1965 to 2024.
- How do Faroe Islands and World rank globally for gdp per capita?
- Faroe Islands ranks 16th and World ranks 13th of 213 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP per capita (current US$). 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.