Faroe Islands vs World: GNI per capita, Atlas method
GNI per capita, Atlas method over time
- Faroe Islands
- World
How they compare
Faroe Islands currently reports 73,120 current US$ against 14,244 current US$ in World, a difference of 58,876 current US$.
That makes Faroe Islands's figure about 5.1 times World's.
Across all 15 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 14th and World ranks 12th of 208 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | World | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 58,086 current US$ | 10,566 current US$ | 47,520 current US$ | Faroe Islands |
| 2020s | 70,754 current US$ | 12,620 current US$ | 58,134 current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni per capita, atlas method, Faroe Islands or World?
- Faroe Islands, at 73,120 current US$ against 14,244 current US$ in World as of 2024.
- What is the difference in gni per capita, atlas method between Faroe Islands and World?
- 58,876 current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and World?
- 15 years are reported by both, from 2010 to 2024.
- How do Faroe Islands and World rank globally for gni per capita, atlas method?
- Faroe Islands ranks 14th and World ranks 12th of 208 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GNI per capita, Atlas method (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method, and divided by the midyear population. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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.