Faroe Islands vs Iceland: Taxes less subsidies on products (current US$), per capita
Faroe Islands
8,758 current US$ per person
in 2024
Iceland
9,894 current US$ per person
in 2025
Faroe Islands rank
3rd
Iceland rank
2nd
Taxes less subsidies on products (current US$), per capita over time
- Faroe Islands
- Iceland
How they compare
Iceland currently reports 9,894 current US$ per person against 8,758 current US$ per person in Faroe Islands, a difference of 1,136 current US$ per person.
That makes Iceland's figure about 1.1 times Faroe Islands's.
The two have swapped places 4 times across 27 shared years of data; in 1998 it was Iceland ahead.
Faroe Islands ranks 3rd and Iceland ranks 2nd of 197 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Faroe Islands | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3,350 current US$ per person | 4,383 current US$ per person | 1,032 current US$ per person | Iceland |
| 2000s | 5,024 current US$ per person | 5,913 current US$ per person | 888.84 current US$ per person | Iceland |
| 2010s | 6,392 current US$ per person | 5,982 current US$ per person | 409.91 current US$ per person | Faroe Islands |
| 2020s | 8,107 current US$ per person | 7,760 current US$ per person | 347.5 current US$ per person | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes less subsidies on products (current us$), per capita, Faroe Islands or Iceland?
- Iceland, at 9,894 current US$ per person against 8,758 current US$ per person in Faroe Islands as of 2025.
- What is the difference in taxes less subsidies on products (current us$), per capita between Faroe Islands and Iceland?
- 1,136 current US$ per person, with Iceland ahead.
- How many years of comparable data are there for Faroe Islands and Iceland?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Iceland rank globally for taxes less subsidies on products (current us$), per capita?
- Faroe Islands ranks 3rd and Iceland ranks 2nd of 197 countries.
- Where does this data come from?
- Statizoid (derived), published as Taxes less subsidies on products (current US$), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes less subsidies on products (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.