GDP (constant 2015 US$), per capita in Faroe Islands
Faroe Islands: GDP (constant 2015 US$), per capita was 59,302 constant 2015 US$ per person in 2024. ▲ Rising
GDP (constant 2015 US$), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
Faroe Islands recorded 59,302 constant 2015 US$ per person for gdp (constant 2015 us$), per capita in 2024. That is the highest value across all 17 years on record.
That represents a change of up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp (constant 2015 us$), per capita in Faroe Islands peaked at 59,302 constant 2015 US$ per person in 2024 and was at its lowest, 42,334 constant 2015 US$ per person, in 2010.
Faroe Islands ranks 15th of 210 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
GDP (constant 2015 US$), per capita in Faroe Islands, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 2008 | 44,623 constant 2015 US$ per person | — |
| 2009 | 42,379 constant 2015 US$ per person | -5.0% |
| 2010 | 42,334 constant 2015 US$ per person | -0.1% |
| 2011 | 43,947 constant 2015 US$ per person | +3.8% |
| 2012 | 47,305 constant 2015 US$ per person | +7.6% |
| 2013 | 50,122 constant 2015 US$ per person | +6.0% |
| 2014 | 52,646 constant 2015 US$ per person | +5.0% |
| 2015 | 52,638 constant 2015 US$ per person | -0.0% |
| 2016 | 52,758 constant 2015 US$ per person | +0.2% |
| 2017 | 53,832 constant 2015 US$ per person | +2.0% |
| 2018 | 54,433 constant 2015 US$ per person | +1.1% |
| 2019 | 56,032 constant 2015 US$ per person | +2.9% |
| 2020 | 54,306 constant 2015 US$ per person | -3.1% |
| 2021 | 56,276 constant 2015 US$ per person | +3.6% |
| 2022 | 57,785 constant 2015 US$ per person | +2.7% |
| 2023 | 59,068 constant 2015 US$ per person | +2.2% |
| 2024 | 59,302 constant 2015 US$ per person | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43,501 constant 2015 US$ per person | 42,379 constant 2015 US$ per person | 44,623 constant 2015 US$ per person | 2 |
| 2010s | 50,605 constant 2015 US$ per person | 42,334 constant 2015 US$ per person | 56,032 constant 2015 US$ per person | 10 |
| 2020s | 57,347 constant 2015 US$ per person | 54,306 constant 2015 US$ per person | 59,302 constant 2015 US$ per person | 5 |
Countries ranked near Faroe Islands
- 12 Denmark 62,218 constant 2015 US$ per person compare
- 13 Qatar 61,735 constant 2015 US$ per person compare
- 14 Australia 61,369 constant 2015 US$ per person compare
- 16 Iceland 58,910 constant 2015 US$ per person compare
- 17 Turks and Caicos Islands 57,179 constant 2015 US$ per person compare
- 18 Sweden 55,014 constant 2015 US$ per person compare
More economy & growth data for Faroe Islands
- GNI per capita 520,046 current LCU (2024)
- Taxes less subsidies on products 3.30 billion current LCU (2024)
- Taxes less subsidies on products 478.54 million current US$ (2024)
- Net primary income (Net income from abroad) 472.40 million current LCU (2024)
- Net primary income (Net income from abroad) 68.52 million current US$ (2024)
- GNI 28.42 billion current LCU (2024)
- GNI, Atlas method 4.00 billion current US$ (2024)
- GNI 4.12 billion current US$ (2024)
- Trade in services 24.0% (2011)
- GNI per capita, Atlas method 73,120 current US$ (2024)
Frequently asked questions
- What is gdp (constant 2015 us$), per capita in Faroe Islands?
- Gdp (constant 2015 us$), per capita in Faroe Islands was 59,302 constant 2015 US$ per person in 2024, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), per capita recorded in Faroe Islands?
- The highest recorded value was 59,302 constant 2015 US$ per person in 2024.
- What is the lowest gdp (constant 2015 us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 42,334 constant 2015 US$ per person in 2010.
- How does Faroe Islands rank for gdp (constant 2015 us$), per capita?
- Faroe Islands ranks 15th out of 210 countries with data for 2024.
- Is gdp (constant 2015 us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant 2015 US$) ÷ Population, total
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.