Faroe Islands vs United Arab Emirates: GDP per capita, PPP
GDP per capita, PPP over time
- Faroe Islands
- United Arab Emirates
How they compare
Faroe Islands currently reports 82,089 current international $ against 79,344 current international $ in United Arab Emirates, a difference of 2,745 current international $.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was United Arab Emirates ahead.
Faroe Islands ranks 16th and United Arab Emirates ranks 19th of 204 countries.
United Arab Emirates has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | United Arab Emirates | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 40,246 current international $ | 89,704 current international $ | 49,458 current international $ | United Arab Emirates |
| 2010s | 51,666 current international $ | 81,050 current international $ | 29,384 current international $ | United Arab Emirates |
| 2020s | 73,446 current international $ | 73,559 current international $ | 113.1 current international $ | United Arab Emirates |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, Faroe Islands or United Arab Emirates?
- Faroe Islands, at 82,089 current international $ against 79,344 current international $ in United Arab Emirates as of 2024.
- What is the difference in gdp per capita, ppp between Faroe Islands and United Arab Emirates?
- 2,745 current international $, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and United Arab Emirates?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and United Arab Emirates rank globally for gdp per capita, ppp?
- Faroe Islands ranks 16th and United Arab Emirates ranks 19th of 204 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.