GDP (constant 2015 US$), per unit of GDP in Faroe Islands
Faroe Islands: GDP (constant 2015 US$), per unit of GDP was 0.7995 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
GDP (constant 2015 US$), per unit of GDP in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.7995 constant 2015 US$ per US$ of GDP for gdp (constant 2015 us$), per unit of gdp in 2024. That is the lowest value across all 17 years on record.
The figure is down 1.9% on the previous year and down 8.6% over ten years.
Over the whole period, gdp (constant 2015 us$), per unit of gdp in Faroe Islands peaked at 1 constant 2015 US$ per US$ of GDP in 2015 and was at its lowest, 0.7995 constant 2015 US$ per US$ of GDP, in 2024.
Faroe Islands ranks 120th of 210 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
GDP (constant 2015 US$), per unit of GDP in Faroe Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.87 constant 2015 US$ per US$ of GDP | — |
| 2009 | 0.9005 constant 2015 US$ per US$ of GDP | +3.5% |
| 2010 | 0.8834 constant 2015 US$ per US$ of GDP | -1.9% |
| 2011 | 0.8514 constant 2015 US$ per US$ of GDP | -3.6% |
| 2012 | 0.9411 constant 2015 US$ per US$ of GDP | +10.5% |
| 2013 | 0.8989 constant 2015 US$ per US$ of GDP | -4.5% |
| 2014 | 0.8749 constant 2015 US$ per US$ of GDP | -2.7% |
| 2015 | 1 constant 2015 US$ per US$ of GDP | +14.3% |
| 2016 | 0.9276 constant 2015 US$ per US$ of GDP | -7.2% |
| 2017 | 0.9064 constant 2015 US$ per US$ of GDP | -2.3% |
| 2018 | 0.8706 constant 2015 US$ per US$ of GDP | -4.0% |
| 2019 | 0.8884 constant 2015 US$ per US$ of GDP | +2.0% |
| 2020 | 0.8724 constant 2015 US$ per US$ of GDP | -1.8% |
| 2021 | 0.8106 constant 2015 US$ per US$ of GDP | -7.1% |
| 2022 | 0.8616 constant 2015 US$ per US$ of GDP | +6.3% |
| 2023 | 0.8149 constant 2015 US$ per US$ of GDP | -5.4% |
| 2024 | 0.7995 constant 2015 US$ per US$ of GDP | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8853 constant 2015 US$ per US$ of GDP | 0.87 constant 2015 US$ per US$ of GDP | 0.9005 constant 2015 US$ per US$ of GDP | 2 |
| 2010s | 0.9043 constant 2015 US$ per US$ of GDP | 0.8514 constant 2015 US$ per US$ of GDP | 1 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.8318 constant 2015 US$ per US$ of GDP | 0.7995 constant 2015 US$ per US$ of GDP | 0.8724 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 117 Azerbaijan 0.8009 constant 2015 US$ per US$ of GDP compare
- 118 Finland 0.8004 constant 2015 US$ per US$ of GDP compare
- 119 Palau 0.7995 constant 2015 US$ per US$ of GDP compare
- 121 Ireland 0.7935 constant 2015 US$ per US$ of GDP compare
- 122 Togo 0.7921 constant 2015 US$ per US$ of GDP compare
- 123 Cambodia 0.7915 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Faroe Islands
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.08 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.67 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 65,417 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- GNI 4.12 billion current US$ (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
Frequently asked questions
- What is gdp (constant 2015 us$), per unit of gdp in Faroe Islands?
- Gdp (constant 2015 us$), per unit of gdp in Faroe Islands was 0.7995 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1 constant 2015 US$ per US$ of GDP in 2015.
- What is the lowest gdp (constant 2015 us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.7995 constant 2015 US$ per US$ of GDP in 2024.
- How does Faroe Islands rank for gdp (constant 2015 us$), per unit of gdp?
- Faroe Islands ranks 120th out of 210 countries with data for 2024.
- Is gdp (constant 2015 us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant 2015 US$) ÷ GDP (current US$)
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.