GDP (current LCU), per capita in Faroe Islands
Faroe Islands: GDP (current LCU), per capita was 511,400 current LCU per person in 2024. ◆ Volatile
GDP (current LCU), per capita in Faroe Islands, 1962–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Faroe Islands recorded 511,400 current LCU per person for gdp (current lcu), per capita in 2024. That is the highest value across all 63 years on record.
The figure is up 2.4% on the previous year and up 51.4% over ten years.
Over the whole period, gdp (current lcu), per capita in Faroe Islands peaked at 511,400 current LCU per person in 2024 and was at its lowest, 7,434 current LCU per person, in 1962.
That places Faroe Islands 69th out of 212 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1962 | 7,434 current LCU per person | — |
| 1963 | 8,799 current LCU per person | +18.4% |
| 1964 | 9,898 current LCU per person | +12.5% |
| 1965 | 11,013 current LCU per person | +11.3% |
| 1966 | 12,082 current LCU per person | +9.7% |
| 1967 | 12,384 current LCU per person | +2.5% |
| 1968 | 13,016 current LCU per person | +5.1% |
| 1969 | 13,871 current LCU per person | +6.6% |
| 1970 | 16,645 current LCU per person | +20.0% |
| 1971 | 19,014 current LCU per person | +14.2% |
| 1972 | 21,171 current LCU per person | +11.3% |
| 1973 | 24,609 current LCU per person | +16.2% |
| 1974 | 29,903 current LCU per person | +21.5% |
| 1975 | 32,210 current LCU per person | +7.7% |
| 1976 | 39,859 current LCU per person | +23.7% |
| 1977 | 50,350 current LCU per person | +26.3% |
| 1978 | 52,276 current LCU per person | +3.8% |
| 1979 | 55,500 current LCU per person | +6.2% |
| 1980 | 64,511 current LCU per person | +16.2% |
| 1981 | 74,497 current LCU per person | +15.5% |
| 1982 | 83,765 current LCU per person | +12.4% |
| 1983 | 99,619 current LCU per person | +18.9% |
| 1984 | 97,738 current LCU per person | -1.9% |
| 1985 | 106,478 current LCU per person | +8.9% |
| 1986 | 120,827 current LCU per person | +13.5% |
| 1987 | 129,845 current LCU per person | +7.5% |
| 1988 | 137,681 current LCU per person | +6.0% |
| 1989 | 132,905 current LCU per person | -3.5% |
| 1990 | 124,547 current LCU per person | -6.3% |
| 1991 | 122,579 current LCU per person | -1.6% |
| 1992 | 116,501 current LCU per person | -5.0% |
| 1993 | 106,167 current LCU per person | -8.9% |
| 1994 | 107,976 current LCU per person | +1.7% |
| 1995 | 115,796 current LCU per person | +7.2% |
| 1996 | 131,663 current LCU per person | +13.7% |
| 1997 | 139,740 current LCU per person | +6.1% |
| 1998 | 165,705 current LCU per person | +18.6% |
| 1999 | 174,257 current LCU per person | +5.2% |
| 2000 | 188,521 current LCU per person | +8.2% |
| 2001 | 207,070 current LCU per person | +9.8% |
| 2002 | 212,665 current LCU per person | +2.7% |
| 2003 | 205,994 current LCU per person | -3.1% |
| 2004 | 213,566 current LCU per person | +3.7% |
| 2005 | 218,222 current LCU per person | +2.2% |
| 2006 | 248,240 current LCU per person | +13.8% |
| 2007 | 263,196 current LCU per person | +6.0% |
| 2008 | 261,472 current LCU per person | -0.7% |
| 2009 | 252,283 current LCU per person | -3.5% |
| 2010 | 269,529 current LCU per person | +6.8% |
| 2011 | 277,133 current LCU per person | +2.8% |
| 2012 | 291,147 current LCU per person | +5.1% |
| 2013 | 313,162 current LCU per person | +7.6% |
| 2014 | 337,721 current LCU per person | +7.8% |
| 2015 | 354,145 current LCU per person | +4.9% |
| 2016 | 382,876 current LCU per person | +8.1% |
| 2017 | 392,136 current LCU per person | +2.4% |
| 2018 | 394,823 current LCU per person | +0.7% |
| 2019 | 420,647 current LCU per person | +6.5% |
| 2020 | 407,235 current LCU per person | -3.2% |
| 2021 | 436,462 current LCU per person | +7.2% |
| 2022 | 474,593 current LCU per person | +8.7% |
| 2023 | 499,412 current LCU per person | +5.2% |
| 2024 | 511,400 current LCU per person | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11,062 current LCU per person | 7,434 current LCU per person | 13,871 current LCU per person | 8 |
| 1970s | 34,154 current LCU per person | 16,645 current LCU per person | 55,500 current LCU per person | 10 |
| 1980s | 104,787 current LCU per person | 64,511 current LCU per person | 137,681 current LCU per person | 10 |
| 1990s | 130,493 current LCU per person | 106,167 current LCU per person | 174,257 current LCU per person | 10 |
| 2000s | 227,123 current LCU per person | 188,521 current LCU per person | 263,196 current LCU per person | 10 |
| 2010s | 343,332 current LCU per person | 269,529 current LCU per person | 420,647 current LCU per person | 10 |
| 2020s | 465,820 current LCU per person | 407,235 current LCU per person | 511,400 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 66 Venezuela, Bolivarian Republic of 578,247 current LCU per person compare
- 67 North Macedonia 573,274 current LCU per person compare
- 68 Cape Verde 567,262 current LCU per person compare
- 70 Denmark 509,683 current LCU per person compare
- 71 Vanuatu 485,961 current LCU per person compare
- 72 Niger 451,200 current LCU per person compare
More economy & growth data for Faroe Islands
- GDP growth 0.8% (2024)
- Discrepancy in expenditure estimate of GDP 100,000 current 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$), per capita 8,758 current US$ per person (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
- GDP per capita 511,400 current LCU (2024)
Frequently asked questions
- What is gdp (current lcu), per capita in Faroe Islands?
- Gdp (current lcu), per capita in Faroe Islands was 511,400 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 511,400 current LCU per person in 2024.
- What is the lowest gdp (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 7,434 current LCU per person in 1962.
- How does Faroe Islands rank for gdp (current lcu), per capita?
- Faroe Islands ranks 69th out of 212 countries with data for 2024.
- Is gdp (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 51.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
GDP (current 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 (current 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 (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.