GDP (constant 2015 US$), per square kilometre in Faroe Islands
Faroe Islands: GDP (constant 2015 US$), per square kilometre was 2.35 million constant 2015 US$ per square kilometre in 2023. ▲ Rising
GDP (constant 2015 US$), per square kilometre in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
The most recent figure for gdp (constant 2015 us$), per square kilometre in Faroe Islands is 2.35 million constant 2015 US$ per square kilometre, measured in 2023. That is the highest value across all 16 years on record.
That represents a change of up 3.2% on the previous year and up 35.4% over ten years.
Over the whole period, gdp (constant 2015 us$), per square kilometre in Faroe Islands peaked at 2.35 million constant 2015 US$ per square kilometre in 2023 and was at its lowest, 1.48 million constant 2015 US$ per square kilometre, in 2010.
That places Faroe Islands 58th out of 208 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
GDP (constant 2015 US$), per square kilometre in Faroe Islands, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 2008 | 1.55 million constant 2015 US$ per square kilometre | — |
| 2009 | 1.48 million constant 2015 US$ per square kilometre | -4.6% |
| 2010 | 1.48 million constant 2015 US$ per square kilometre | -0.4% |
| 2011 | 1.53 million constant 2015 US$ per square kilometre | +3.6% |
| 2012 | 1.64 million constant 2015 US$ per square kilometre | +7.1% |
| 2013 | 1.73 million constant 2015 US$ per square kilometre | +5.9% |
| 2014 | 1.83 million constant 2015 US$ per square kilometre | +5.4% |
| 2015 | 1.84 million constant 2015 US$ per square kilometre | +1.0% |
| 2016 | 1.87 million constant 2015 US$ per square kilometre | +1.4% |
| 2017 | 1.93 million constant 2015 US$ per square kilometre | +3.5% |
| 2018 | 1.99 million constant 2015 US$ per square kilometre | +2.8% |
| 2019 | 2.08 million constant 2015 US$ per square kilometre | +4.5% |
| 2020 | 2.09 million constant 2015 US$ per square kilometre | +0.5% |
| 2021 | 2.19 million constant 2015 US$ per square kilometre | +4.8% |
| 2022 | 2.27 million constant 2015 US$ per square kilometre | +3.9% |
| 2023 | 2.35 million constant 2015 US$ per square kilometre | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.52 million constant 2015 US$ per square kilometre | 1.48 million constant 2015 US$ per square kilometre | 1.55 million constant 2015 US$ per square kilometre | 2 |
| 2010s | 1.79 million constant 2015 US$ per square kilometre | 1.48 million constant 2015 US$ per square kilometre | 2.08 million constant 2015 US$ per square kilometre | 10 |
| 2020s | 2.22 million constant 2015 US$ per square kilometre | 2.09 million constant 2015 US$ per square kilometre | 2.35 million constant 2015 US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 55 Bangladesh 2.49 million constant 2015 US$ per square kilometre compare
- 56 United States of America 2.42 million constant 2015 US$ per square kilometre compare
- 57 Saint Vincent and the Grenadines 2.35 million constant 2015 US$ per square kilometre compare
- 59 Slovakia 2.19 million constant 2015 US$ per square kilometre compare
- 60 Poland 2.09 million constant 2015 US$ per square kilometre compare
- 61 Dominican Republic 2.07 million constant 2015 US$ per square kilometre compare
More economy & growth data for Faroe Islands
- GDP 20.63 billion constant LCU (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1181 current US$ per US$ of GDP (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP per capita growth 0.4% (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
Frequently asked questions
- What is gdp (constant 2015 us$), per square kilometre in Faroe Islands?
- Gdp (constant 2015 us$), per square kilometre in Faroe Islands was 2.35 million constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.35 million constant 2015 US$ per square kilometre in 2023.
- What is the lowest gdp (constant 2015 us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 1.48 million constant 2015 US$ per square kilometre in 2010.
- How does Faroe Islands rank for gdp (constant 2015 us$), per square kilometre?
- Faroe Islands ranks 58th out of 208 countries with data for 2023.
- Is gdp (constant 2015 us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 35.4%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant 2015 US$) ÷ Land area (sq. km)
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.