Exports of goods and services (current US$), per capita in Faroe Islands
Faroe Islands: Exports of goods and services (current US$), per capita was 40,467 current US$ per person in 2024. ◆ Volatile
Exports of goods and services (current US$), per capita in Faroe Islands, 1965–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
Faroe Islands recorded 40,467 current US$ per person for exports of goods and services (current us$), per capita in 2024.
The figure is down 2.4% on the previous year and up 25.9% over ten years.
Over the whole period, exports of goods and services (current us$), per capita in Faroe Islands peaked at 41,458 current US$ per person in 2023 and was at its lowest, 547.04 current US$ per person, in 1968.
That places Faroe Islands 17th out of 193 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1965 | 668.38 current US$ per person | — |
| 1966 | 565.88 current US$ per person | -15.3% |
| 1967 | 685.86 current US$ per person | +21.2% |
| 1968 | 547.04 current US$ per person | -20.2% |
| 1969 | 640.87 current US$ per person | +17.2% |
| 1970 | 874.51 current US$ per person | +36.5% |
| 1971 | 970.89 current US$ per person | +11.0% |
| 1972 | 1,183 current US$ per person | +21.9% |
| 1973 | 1,966 current US$ per person | +66.2% |
| 1974 | 1,988 current US$ per person | +1.1% |
| 1975 | 1,990 current US$ per person | +0.1% |
| 1976 | 2,546 current US$ per person | +27.9% |
| 1977 | 3,463 current US$ per person | +36.0% |
| 1978 | 3,348 current US$ per person | -3.3% |
| 1979 | 3,545 current US$ per person | +5.9% |
| 1980 | 4,148 current US$ per person | +17.0% |
| 1981 | 3,817 current US$ per person | -8.0% |
| 1982 | 3,386 current US$ per person | -11.3% |
| 1983 | 3,828 current US$ per person | +13.1% |
| 1984 | 3,594 current US$ per person | -6.1% |
| 1985 | 4,007 current US$ per person | +11.5% |
| 1986 | 5,447 current US$ per person | +35.9% |
| 1987 | 7,560 current US$ per person | +38.8% |
| 1988 | 7,457 current US$ per person | -1.4% |
| 1989 | 7,308 current US$ per person | -2.0% |
| 1990 | 8,821 current US$ per person | +20.7% |
| 1991 | 9,269 current US$ per person | +5.1% |
| 1992 | 9,340 current US$ per person | +0.8% |
| 1993 | 7,171 current US$ per person | -23.2% |
| 1994 | 7,398 current US$ per person | +3.2% |
| 1995 | 8,419 current US$ per person | +13.8% |
| 1996 | 11,317 current US$ per person | +34.4% |
| 1997 | 10,313 current US$ per person | -8.9% |
| 1998 | 11,536 current US$ per person | +11.9% |
| 1999 | 12,180 current US$ per person | +5.6% |
| 2000 | 11,973 current US$ per person | -1.7% |
| 2001 | 12,829 current US$ per person | +7.1% |
| 2002 | 13,217 current US$ per person | +3.0% |
| 2003 | 14,626 current US$ per person | +10.7% |
| 2004 | 15,579 current US$ per person | +6.5% |
| 2005 | 15,300 current US$ per person | -1.8% |
| 2006 | 17,449 current US$ per person | +14.0% |
| 2007 | 20,369 current US$ per person | +16.7% |
| 2008 | 23,579 current US$ per person | +15.8% |
| 2009 | 20,546 current US$ per person | -12.9% |
| 2010 | 22,392 current US$ per person | +9.0% |
| 2011 | 27,067 current US$ per person | +20.9% |
| 2012 | 26,418 current US$ per person | -2.4% |
| 2013 | 30,915 current US$ per person | +17.0% |
| 2014 | 32,141 current US$ per person | +4.0% |
| 2015 | 28,012 current US$ per person | -12.8% |
| 2016 | 31,018 current US$ per person | +10.7% |
| 2017 | 33,475 current US$ per person | +7.9% |
| 2018 | 33,025 current US$ per person | -1.3% |
| 2019 | 35,174 current US$ per person | +6.5% |
| 2020 | 29,523 current US$ per person | -16.1% |
| 2021 | 36,086 current US$ per person | +22.2% |
| 2022 | 41,163 current US$ per person | +14.1% |
| 2023 | 41,458 current US$ per person | +0.7% |
| 2024 | 40,467 current US$ per person | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 621.61 current US$ per person | 547.04 current US$ per person | 685.86 current US$ per person | 5 |
| 1970s | 2,187 current US$ per person | 874.51 current US$ per person | 3,545 current US$ per person | 10 |
| 1980s | 5,055 current US$ per person | 3,386 current US$ per person | 7,560 current US$ per person | 10 |
| 1990s | 9,576 current US$ per person | 7,171 current US$ per person | 12,180 current US$ per person | 10 |
| 2000s | 16,547 current US$ per person | 11,973 current US$ per person | 23,579 current US$ per person | 10 |
| 2010s | 29,964 current US$ per person | 22,392 current US$ per person | 35,174 current US$ per person | 10 |
| 2020s | 37,740 current US$ per person | 29,523 current US$ per person | 41,458 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 14 Belgium 45,836 current US$ per person compare
- 15 United States Virgin Islands 43,154 current US$ per person compare
- 16 Norway 42,920 current US$ per person compare
- 18 Iceland 39,441 current US$ per person compare
- 19 Austria 34,424 current US$ per person compare
- 20 Sweden 33,605 current US$ per person compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is exports of goods and services (current us$), per capita in Faroe Islands?
- Exports of goods and services (current us$), per capita in Faroe Islands was 40,467 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest exports of goods and services (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 41,458 current US$ per person in 2023.
- What is the lowest exports of goods and services (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 547.04 current US$ per person in 1968.
- How does Faroe Islands rank for exports of goods and services (current us$), per capita?
- Faroe Islands ranks 17th out of 193 countries with data for 2024.
- Is exports of goods and services (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 25.9%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Exports of goods and services (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods and services (current US$) ÷ Population, total
Computed from
- Exports of goods and services Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods and services (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.