Faroe Islands vs Iceland: GDP per capita, PPP
GDP per capita, PPP over time
- Faroe Islands
- Iceland
How they compare
Iceland currently reports 83,431 current international $ against 82,089 current international $ in Faroe Islands, a difference of 1,342 current international $.
The two have swapped places 2 times across 17 shared years of data; in 2008 it was Iceland ahead.
Faroe Islands ranks 16th and Iceland ranks 14th of 203 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Faroe Islands | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 40,246 current international $ | 43,109 current international $ | 2,863 current international $ | Iceland |
| 2010s | 51,666 current international $ | 49,513 current international $ | 2,153 current international $ | Faroe Islands |
| 2020s | 73,446 current international $ | 72,394 current international $ | 1,051 current international $ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, Faroe Islands or Iceland?
- Iceland, at 83,431 current international $ against 82,089 current international $ in Faroe Islands as of 2025.
- What is the difference in gdp per capita, ppp between Faroe Islands and Iceland?
- 1,342 current international $, with Iceland ahead.
- How many years of comparable data are there for Faroe Islands and Iceland?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Iceland rank globally for gdp per capita, ppp?
- Faroe Islands ranks 16th and Iceland ranks 14th of 203 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP per capita, PPP (current 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 current 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. 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. 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.