GDP (constant LCU), per capita (Country official) in Faroe Islands
Faroe Islands: GDP (constant LCU), per capita (Country official) was 377,557 constant LCU per person in 2024. ▲ Rising
GDP (constant LCU), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in constant LCU per person.
Analysis
Faroe Islands recorded 377,557 constant LCU per person for gdp (constant lcu), per capita in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp (constant lcu), per capita in Faroe Islands peaked at 377,557 constant LCU per person in 2024 and was at its lowest, 269,529 constant LCU per person, in 2010.
That places Faroe Islands 62nd out of 213 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
GDP (constant LCU), per capita (Country official) in Faroe Islands, year by year
| Year | constant LCU per person | Change |
|---|---|---|
| 2008 | 284,100 constant LCU per person | — |
| 2009 | 269,814 constant LCU per person | -5.0% |
| 2010 | 269,529 constant LCU per person | -0.1% |
| 2011 | 279,797 constant LCU per person | +3.8% |
| 2012 | 301,174 constant LCU per person | +7.6% |
| 2013 | 319,109 constant LCU per person | +6.0% |
| 2014 | 335,179 constant LCU per person | +5.0% |
| 2015 | 335,130 constant LCU per person | -0.0% |
| 2016 | 335,896 constant LCU per person | +0.2% |
| 2017 | 342,731 constant LCU per person | +2.0% |
| 2018 | 346,554 constant LCU per person | +1.1% |
| 2019 | 356,735 constant LCU per person | +2.9% |
| 2020 | 345,747 constant LCU per person | -3.1% |
| 2021 | 358,288 constant LCU per person | +3.6% |
| 2022 | 367,896 constant LCU per person | +2.7% |
| 2023 | 376,063 constant LCU per person | +2.2% |
| 2024 | 377,557 constant LCU per person | +0.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 377,557 constant LCU per person is above the median for high income countries, which is 54,264 constant LCU per person, 7.0× the median. (83 countries reporting)
- Faroe Islands's 377,557 constant LCU per person is above the median for Europe & Central Asia, which is 43,869 constant LCU per person, 8.6× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 276,957 constant LCU per person | 269,814 constant LCU per person | 284,100 constant LCU per person | 2 |
| 2010s | 322,183 constant LCU per person | 269,529 constant LCU per person | 356,735 constant LCU per person | 10 |
| 2020s | 365,110 constant LCU per person | 345,747 constant LCU per person | 377,557 constant LCU per person | 5 |
Countries ranked near Faroe Islands
- 59 Denmark 443,793 constant LCU per person compare
- 60 Angola 431,775 constant LCU per person compare
- 61 Hong Kong 422,235 constant LCU per person compare
- 63 Malawi 364,284 constant LCU per person compare
- 64 Niger 360,863 constant LCU per person compare
- 65 North Macedonia 289,034 constant LCU per person compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gdp (constant lcu), per capita in Faroe Islands?
- Gdp (constant lcu), per capita in Faroe Islands was 377,557 constant LCU per person in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 377,557 constant LCU per person in 2024.
- What is the lowest gdp (constant lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 269,529 constant LCU per person in 2010.
- How does Faroe Islands rank for gdp (constant lcu), per capita?
- Faroe Islands ranks 62nd out of 213 countries with data for 2024.
- Is gdp (constant lcu), 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 LCU), 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 LCU) 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 LCU) ÷ 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 LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.