Faroe Islands vs Small states: GNI per capita, PPP
GNI per capita, PPP over time
- Faroe Islands
- Small states
How they compare
Faroe Islands currently reports 83,480 current international $ against 28,976 current international $ in Small states, a difference of 54,504 current international $.
That makes Faroe Islands's figure about 2.9 times Small states's.
Across all 17 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 14th and Small states ranks 13th of 202 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Small states | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 39,930 current international $ | 14,849 current international $ | 25,081 current international $ | Faroe Islands |
| 2010s | 53,527 current international $ | 17,022 current international $ | 36,505 current international $ | Faroe Islands |
| 2020s | 74,978 current international $ | 23,072 current international $ | 51,906 current international $ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni per capita, ppp, Faroe Islands or Small states?
- Faroe Islands, at 83,480 current international $ against 28,976 current international $ in Small states as of 2024.
- What is the difference in gni per capita, ppp between Faroe Islands and Small states?
- 54,504 current international $, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Small states?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Small states rank globally for gni per capita, ppp?
- Faroe Islands ranks 14th and Small states ranks 13th of 202 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GNI 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 national income (GNI) 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 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. The core indicator has been divided by the general population to achieve a per capita estimate. 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. 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.