Faroe Islands vs Norway: Price level index
Price level index over time
- Faroe Islands
- Norway
How they compare
Norway currently reports 90.92 GDP against 90.36 GDP in Faroe Islands, a difference of 0.56 GDP.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Norway ahead.
Faroe Islands ranks 17th and Norway ranks 15th of 203 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Norway in 2.
Head to head by decade
| Decade | Faroe Islands | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 122.13 GDP | 150.73 GDP | 28.6 GDP | Norway |
| 2010s | 109.24 GDP | 135.6 GDP | 26.35 GDP | Norway |
| 2020s | 94.55 GDP | 92.6 GDP | 1.94 GDP | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher price level index, Faroe Islands or Norway?
- Norway, at 90.92 GDP against 90.36 GDP in Faroe Islands as of 2025.
- What is the difference in price level index between Faroe Islands and Norway?
- 0.56 GDP, with Norway ahead.
- How many years of comparable data are there for Faroe Islands and Norway?
- 17 years are reported by both, from 2008 to 2024.
- How do Faroe Islands and Norway rank globally for price level index?
- Faroe Islands ranks 17th and Norway ranks 15th of 203 countries.
- Where does this data come from?
- World Development Indicators, World Bank (WB), published as Price level index (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.