Faroe Islands vs Latin America & the Caribbean (IDA & IBRD countries): Industry (including construction), value added (current US$), per

Faroe Islands
13,574 current US$ per person
in 2024
Latin America & the Caribbean (IDA & IBRD countries)
3,275 current US$ per person
in 2025
Faroe Islands rank
21st
Latin America & the Caribbean (IDA & IBRD countries) rank
20th

Industry (including construction), value added (current US$), per over time

  • Faroe Islands
  • Latin America & the Caribbean (IDA & IBRD countries)
05.0k10.0k15.0k196519952025

How they compare

Faroe Islands currently reports 13,574 current US$ per person against 3,275 current US$ per person in Latin America & the Caribbean (IDA & IBRD countries), a difference of 10,299 current US$ per person.

That makes Faroe Islands's figure about 4.1 times Latin America & the Caribbean (IDA & IBRD countries)'s.

Across all 27 years both countries report, Faroe Islands has been ahead every year.

Faroe Islands ranks 21st and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 207 countries.

Faroe Islands has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Faroe Islands Latin America & the Caribbean (IDA & IBRD countries) Difference Ahead
1990s 4,399 current US$ per person 1,360 current US$ per person 3,039 current US$ per person Faroe Islands
2000s 6,425 current US$ per person 1,758 current US$ per person 4,668 current US$ per person Faroe Islands
2010s 8,954 current US$ per person 2,789 current US$ per person 6,165 current US$ per person Faroe Islands
2020s 13,273 current US$ per person 2,854 current US$ per person 10,418 current US$ per person Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher industry (including construction), value added (current us$), per, Faroe Islands or Latin America & the Caribbean (IDA & IBRD countries)?
Faroe Islands, at 13,574 current US$ per person against 3,275 current US$ per person in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
What is the difference in industry (including construction), value added (current us$), per between Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
10,299 current US$ per person, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
27 years are reported by both, from 1998 to 2024.
How do Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries) rank globally for industry (including construction), value added (current us$), per?
Faroe Islands ranks 21st and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 207 countries.
Where does this data come from?
Statizoid (derived), published as Industry (including construction), value added (current US$), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Latin America & the Caribbean (IDA & IBRD countries): Industry (including construction), value added (current US$), per. Statizoid, drawing on Statizoid (derived). Retrieved 14 September 2026, from https://economy.statizoid.com/compare/industry-including-construction-value-added-current-us-per-capita/faroe-islands/latin-america-and-the-caribbean-ida-and-ibrd-countries/

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About this data

Indicator
Industry (including construction), value added (current US$), per capita
Unit
current US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
255 places, 11,330 data points, 1960–2025
Last refreshed

Industry (including construction), value added (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.