GDP (constant LCU), per square kilometre in Faroe Islands
Faroe Islands: GDP (constant LCU), per square kilometre was 14.93 million constant LCU per square kilometre in 2023. ▲ Rising
GDP (constant LCU), per square kilometre in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in constant LCU per square kilometre.
Analysis
In 2023, gdp (constant lcu), per square kilometre in Faroe Islands stood at 14.93 million constant LCU per square kilometre. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 35.4% over ten years.
Over the whole period, gdp (constant lcu), per square kilometre in Faroe Islands peaked at 14.93 million constant LCU per square kilometre in 2023 and was at its lowest, 9.39 million constant LCU per square kilometre, in 2010.
Faroe Islands ranks 84th of 211 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
GDP (constant LCU), per square kilometre in Faroe Islands, year by year
| Year | constant LCU per square kilometre | Change |
|---|---|---|
| 2008 | 9.88 million constant LCU per square kilometre | — |
| 2009 | 9.43 million constant LCU per square kilometre | -4.6% |
| 2010 | 9.39 million constant LCU per square kilometre | -0.4% |
| 2011 | 9.73 million constant LCU per square kilometre | +3.6% |
| 2012 | 10.42 million constant LCU per square kilometre | +7.1% |
| 2013 | 11.03 million constant LCU per square kilometre | +5.9% |
| 2014 | 11.63 million constant LCU per square kilometre | +5.4% |
| 2015 | 11.74 million constant LCU per square kilometre | +1.0% |
| 2016 | 11.90 million constant LCU per square kilometre | +1.4% |
| 2017 | 12.32 million constant LCU per square kilometre | +3.5% |
| 2018 | 12.66 million constant LCU per square kilometre | +2.8% |
| 2019 | 13.23 million constant LCU per square kilometre | +4.5% |
| 2020 | 13.30 million constant LCU per square kilometre | +0.5% |
| 2021 | 13.94 million constant LCU per square kilometre | +4.8% |
| 2022 | 14.47 million constant LCU per square kilometre | +3.9% |
| 2023 | 14.93 million constant LCU per square kilometre | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.65 million constant LCU per square kilometre | 9.43 million constant LCU per square kilometre | 9.88 million constant LCU per square kilometre | 2 |
| 2010s | 11.41 million constant LCU per square kilometre | 9.39 million constant LCU per square kilometre | 13.23 million constant LCU per square kilometre | 10 |
| 2020s | 14.16 million constant LCU per square kilometre | 13.30 million constant LCU per square kilometre | 14.93 million constant LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 81 Nepal 18.00 million constant LCU per square kilometre compare
- 82 Kenya 17.93 million constant LCU per square kilometre compare
- 83 Belgium 17.07 million constant LCU per square kilometre compare
- 85 Congo 13.46 million constant LCU per square kilometre compare
- 86 Sweden 13.09 million constant LCU per square kilometre compare
- 87 China 13.01 million constant LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 275,271 current LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gdp (constant lcu), per square kilometre in Faroe Islands?
- Gdp (constant lcu), per square kilometre in Faroe Islands was 14.93 million constant LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp (constant lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 14.93 million constant LCU per square kilometre in 2023.
- What is the lowest gdp (constant lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 9.39 million constant LCU per square kilometre in 2010.
- How does Faroe Islands rank for gdp (constant lcu), per square kilometre?
- Faroe Islands ranks 84th out of 211 countries with data for 2023.
- Is gdp (constant lcu), 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 LCU), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (constant LCU) 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 LCU) ÷ 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 LCU) 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.