GDP (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: GDP (current LCU), per unit of GDP was 6.89 current LCU per US$ of GDP in 2024. ▼ Falling
GDP (current LCU), per unit of GDP in Faroe Islands, 1965–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 6.89 current LCU per US$ of GDP for gdp (current lcu), per unit of gdp in 2024.
That represents a change of up 0.1% on the previous year and up 22.8% over ten years.
Over the whole period, gdp (current lcu), per unit of gdp in Faroe Islands peaked at 10.6 current LCU per US$ of GDP in 1985 and was at its lowest, 5.1 current LCU per US$ of GDP, in 2008.
That places Faroe Islands 115th out of 212 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
GDP (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1965 | 6.91 current LCU per US$ of GDP | — |
| 1966 | 6.91 current LCU per US$ of GDP | +0.0% |
| 1967 | 6.96 current LCU per US$ of GDP | +0.7% |
| 1968 | 7.5 current LCU per US$ of GDP | +7.8% |
| 1969 | 7.5 current LCU per US$ of GDP | +0.0% |
| 1970 | 7.5 current LCU per US$ of GDP | +0.0% |
| 1971 | 7.42 current LCU per US$ of GDP | -1.1% |
| 1972 | 6.95 current LCU per US$ of GDP | -6.3% |
| 1973 | 6.05 current LCU per US$ of GDP | -12.9% |
| 1974 | 6.09 current LCU per US$ of GDP | +0.8% |
| 1975 | 5.75 current LCU per US$ of GDP | -5.7% |
| 1976 | 6.05 current LCU per US$ of GDP | +5.2% |
| 1977 | 6 current LCU per US$ of GDP | -0.7% |
| 1978 | 5.51 current LCU per US$ of GDP | -8.1% |
| 1979 | 5.26 current LCU per US$ of GDP | -4.6% |
| 1980 | 5.64 current LCU per US$ of GDP | +7.1% |
| 1981 | 7.12 current LCU per US$ of GDP | +26.4% |
| 1982 | 8.33 current LCU per US$ of GDP | +17.0% |
| 1983 | 9.14 current LCU per US$ of GDP | +9.8% |
| 1984 | 10.36 current LCU per US$ of GDP | +13.2% |
| 1985 | 10.6 current LCU per US$ of GDP | +2.3% |
| 1986 | 8.09 current LCU per US$ of GDP | -23.6% |
| 1987 | 6.84 current LCU per US$ of GDP | -15.5% |
| 1988 | 6.73 current LCU per US$ of GDP | -1.6% |
| 1989 | 7.31 current LCU per US$ of GDP | +8.6% |
| 1990 | 6.19 current LCU per US$ of GDP | -15.3% |
| 1991 | 6.4 current LCU per US$ of GDP | +3.4% |
| 1992 | 6.04 current LCU per US$ of GDP | -5.6% |
| 1993 | 6.48 current LCU per US$ of GDP | +7.4% |
| 1994 | 6.36 current LCU per US$ of GDP | -1.9% |
| 1995 | 5.6 current LCU per US$ of GDP | -11.9% |
| 1996 | 5.8 current LCU per US$ of GDP | +3.5% |
| 1997 | 6.6 current LCU per US$ of GDP | +13.9% |
| 1998 | 6.7 current LCU per US$ of GDP | +1.5% |
| 1999 | 6.98 current LCU per US$ of GDP | +4.1% |
| 2000 | 8.08 current LCU per US$ of GDP | +15.9% |
| 2001 | 8.32 current LCU per US$ of GDP | +3.0% |
| 2002 | 7.89 current LCU per US$ of GDP | -5.1% |
| 2003 | 6.59 current LCU per US$ of GDP | -16.6% |
| 2004 | 5.99 current LCU per US$ of GDP | -9.1% |
| 2005 | 6 current LCU per US$ of GDP | +0.1% |
| 2006 | 5.95 current LCU per US$ of GDP | -0.8% |
| 2007 | 5.44 current LCU per US$ of GDP | -8.5% |
| 2008 | 5.1 current LCU per US$ of GDP | -6.3% |
| 2009 | 5.36 current LCU per US$ of GDP | +5.2% |
| 2010 | 5.62 current LCU per US$ of GDP | +4.9% |
| 2011 | 5.37 current LCU per US$ of GDP | -4.5% |
| 2012 | 5.79 current LCU per US$ of GDP | +7.9% |
| 2013 | 5.62 current LCU per US$ of GDP | -3.0% |
| 2014 | 5.61 current LCU per US$ of GDP | -0.1% |
| 2015 | 6.73 current LCU per US$ of GDP | +19.9% |
| 2016 | 6.73 current LCU per US$ of GDP | +0.1% |
| 2017 | 6.6 current LCU per US$ of GDP | -1.9% |
| 2018 | 6.31 current LCU per US$ of GDP | -4.4% |
| 2019 | 6.67 current LCU per US$ of GDP | +5.6% |
| 2020 | 6.54 current LCU per US$ of GDP | -1.9% |
| 2021 | 6.29 current LCU per US$ of GDP | -3.9% |
| 2022 | 7.08 current LCU per US$ of GDP | +12.6% |
| 2023 | 6.89 current LCU per US$ of GDP | -2.6% |
| 2024 | 6.89 current LCU per US$ of GDP | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.15 current LCU per US$ of GDP | 6.91 current LCU per US$ of GDP | 7.5 current LCU per US$ of GDP | 5 |
| 1970s | 6.26 current LCU per US$ of GDP | 5.26 current LCU per US$ of GDP | 7.5 current LCU per US$ of GDP | 10 |
| 1980s | 8.02 current LCU per US$ of GDP | 5.64 current LCU per US$ of GDP | 10.6 current LCU per US$ of GDP | 10 |
| 1990s | 6.31 current LCU per US$ of GDP | 5.6 current LCU per US$ of GDP | 6.98 current LCU per US$ of GDP | 10 |
| 2000s | 6.47 current LCU per US$ of GDP | 5.1 current LCU per US$ of GDP | 8.32 current LCU per US$ of GDP | 10 |
| 2010s | 6.11 current LCU per US$ of GDP | 5.37 current LCU per US$ of GDP | 6.73 current LCU per US$ of GDP | 10 |
| 2020s | 6.74 current LCU per US$ of GDP | 6.29 current LCU per US$ of GDP | 7.08 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 112 Guatemala 7.68 current LCU per US$ of GDP compare
- 113 China 7.19 current LCU per US$ of GDP compare
- 114 Bolivia 6.91 current LCU per US$ of GDP compare
- 116 Greenland 6.89 current LCU per US$ of GDP compare
- 117 Trinidad and Tobago 6.75 current LCU per US$ of GDP compare
- 118 Denmark 6.62 current LCU per US$ of GDP compare
More economy & growth data for Faroe Islands
- Taxes less subsidies on products (current US$), annual growth rate 12.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- Net primary income (Net income from abroad) (current LCU), annual 143.63 % change on previous year (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP 20.63 billion constant LCU (2024)
- GDP per capita 377,557 constant LCU (2024)
- GDP per capita growth 0.4% (2024)
Frequently asked questions
- What is gdp (current lcu), per unit of gdp in Faroe Islands?
- Gdp (current lcu), per unit of gdp in Faroe Islands was 6.89 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 10.6 current LCU per US$ of GDP in 1985.
- What is the lowest gdp (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 5.1 current LCU per US$ of GDP in 2008.
- How does Faroe Islands rank for gdp (current lcu), per unit of gdp?
- Faroe Islands ranks 115th out of 212 countries with data for 2024.
- Is gdp (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 22.8%. 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 (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (current LCU) ÷ GDP (current US$)
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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.