Faroe Islands vs Iceland: GDP per capita
Faroe Islands
59,302 constant 2015 US$
in 2024
Iceland
58,910 constant 2015 US$
in 2025
Faroe Islands rank
15th
Iceland rank
16th
GDP per capita over time
- Faroe Islands
- Iceland
How they compare
Faroe Islands currently reports 59,302 constant 2015 US$ against 58,910 constant 2015 US$ in Iceland, a difference of 392 constant 2015 US$.
The two have swapped places 5 times across 17 shared years of data; in 2008 it was Iceland ahead.
Faroe Islands ranks 15th and Iceland ranks 16th of 209 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Iceland in 2.
Head to head by decade
| Decade | Faroe Islands | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 43,501 constant 2015 US$ | 52,971 constant 2015 US$ | 9,470 constant 2015 US$ | Iceland |
| 2010s | 50,605 constant 2015 US$ | 53,482 constant 2015 US$ | 2,878 constant 2015 US$ | Iceland |
| 2020s | 57,347 constant 2015 US$ | 56,676 constant 2015 US$ | 670.94 constant 2015 US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, Faroe Islands or Iceland?
- Faroe Islands, at 59,302 constant 2015 US$ against 58,910 constant 2015 US$ in Iceland as of 2024.
- What is the difference in gdp per capita between Faroe Islands and Iceland?
- 392 constant 2015 US$, with Faroe Islands 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?
- Faroe Islands ranks 15th and Iceland ranks 16th of 209 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as GDP per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average economic output per person in a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.