East Asia & Pacific vs Faroe Islands: GDP per capita, PPP
GDP per capita, PPP over time
- East Asia & Pacific
- Faroe Islands
How they compare
Faroe Islands currently reports 72,114 constant 2021 international $ against 25,110 constant 2021 international $ in East Asia & Pacific, a difference of 47,004 constant 2021 international $.
That makes Faroe Islands's figure about 2.9 times East Asia & Pacific's.
Across all 17 years both countries report, Faroe Islands has been ahead every year.
East Asia & Pacific ranks 15th and Faroe Islands ranks 14th of 47 groups.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | East Asia & Pacific | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12,595 constant 2021 international $ | 52,899 constant 2021 international $ | 40,304 constant 2021 international $ | Faroe Islands |
| 2010s | 16,966 constant 2021 international $ | 61,537 constant 2021 international $ | 44,571 constant 2021 international $ | Faroe Islands |
| 2020s | 22,297 constant 2021 international $ | 69,736 constant 2021 international $ | 47,439 constant 2021 international $ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, East Asia & Pacific or Faroe Islands?
- Faroe Islands, at 72,114 constant 2021 international $ against 25,110 constant 2021 international $ in East Asia & Pacific as of 2024.
- What is the difference in gdp per capita, ppp between East Asia & Pacific and Faroe Islands?
- 47,004 constant 2021 international $, with Faroe Islands ahead.
- How many years of comparable data are there for East Asia & Pacific and Faroe Islands?
- 17 years are reported by both, from 2008 to 2024.
- How do East Asia & Pacific and Faroe Islands rank globally for gdp per capita, ppp?
- East Asia & Pacific ranks 15th and Faroe Islands ranks 14th of 47 groups.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.