GDP (current US$), per square kilometre in Faroe Islands
Faroe Islands: GDP (current US$), per square kilometre was 2.88 million current US$ per square kilometre in 2023. ◆ Volatile
GDP (current US$), per square kilometre in Faroe Islands, 1965–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for gdp (current us$), per square kilometre in Faroe Islands is 2.88 million current US$ per square kilometre, measured in 2023. That is the highest value across all 59 years on record.
That represents a change of up 9.1% on the previous year and up 49.4% over ten years.
Over the whole period, gdp (current us$), per square kilometre in Faroe Islands peaked at 2.88 million current US$ per square kilometre in 2023 and was at its lowest, 41,515 current US$ per square kilometre, in 1965.
Faroe Islands ranks 55th of 210 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1965 | 41,515 current US$ per square kilometre | — |
| 1966 | 46,130 current US$ per square kilometre | +11.1% |
| 1967 | 47,439 current US$ per square kilometre | +2.8% |
| 1968 | 46,695 current US$ per square kilometre | -1.6% |
| 1969 | 50,220 current US$ per square kilometre | +7.5% |
| 1970 | 60,840 current US$ per square kilometre | +21.1% |
| 1971 | 71,074 current US$ per square kilometre | +16.8% |
| 1972 | 85,484 current US$ per square kilometre | +20.3% |
| 1973 | 115,499 current US$ per square kilometre | +35.1% |
| 1974 | 140,953 current US$ per square kilometre | +22.0% |
| 1975 | 162,897 current US$ per square kilometre | +15.6% |
| 1976 | 193,746 current US$ per square kilometre | +18.9% |
| 1977 | 249,139 current US$ per square kilometre | +28.6% |
| 1978 | 284,981 current US$ per square kilometre | +14.4% |
| 1979 | 321,324 current US$ per square kilometre | +12.8% |
| 1980 | 353,162 current US$ per square kilometre | +9.9% |
| 1981 | 326,823 current US$ per square kilometre | -7.5% |
| 1982 | 318,085 current US$ per square kilometre | -2.7% |
| 1983 | 348,571 current US$ per square kilometre | +9.6% |
| 1984 | 305,164 current US$ per square kilometre | -12.5% |
| 1985 | 329,016 current US$ per square kilometre | +7.8% |
| 1986 | 493,491 current US$ per square kilometre | +50.0% |
| 1987 | 635,035 current US$ per square kilometre | +28.7% |
| 1988 | 693,823 current US$ per square kilometre | +9.3% |
| 1989 | 624,595 current US$ per square kilometre | -10.0% |
| 1990 | 688,256 current US$ per square kilometre | +10.2% |
| 1991 | 651,327 current US$ per square kilometre | -5.4% |
| 1992 | 653,775 current US$ per square kilometre | +0.4% |
| 1993 | 545,098 current US$ per square kilometre | -16.6% |
| 1994 | 543,509 current US$ per square kilometre | -0.3% |
| 1995 | 645,706 current US$ per square kilometre | +18.8% |
| 1996 | 708,837 current US$ per square kilometre | +9.8% |
| 1997 | 668,885 current US$ per square kilometre | -5.6% |
| 1998 | 791,361 current US$ per square kilometre | +18.3% |
| 1999 | 807,794 current US$ per square kilometre | +2.1% |
| 2000 | 764,405 current US$ per square kilometre | -5.4% |
| 2001 | 831,139 current US$ per square kilometre | +8.7% |
| 2002 | 913,388 current US$ per square kilometre | +9.9% |
| 2003 | 1.08 million current US$ per square kilometre | +17.8% |
| 2004 | 1.24 million current US$ per square kilometre | +14.8% |
| 2005 | 1.26 million current US$ per square kilometre | +2.0% |
| 2006 | 1.45 million current US$ per square kilometre | +14.7% |
| 2007 | 1.68 million current US$ per square kilometre | +15.9% |
| 2008 | 1.78 million current US$ per square kilometre | +6.4% |
| 2009 | 1.64 million current US$ per square kilometre | -7.8% |
| 2010 | 1.67 million current US$ per square kilometre | +1.6% |
| 2011 | 1.79 million current US$ per square kilometre | +7.5% |
| 2012 | 1.74 million current US$ per square kilometre | -3.1% |
| 2013 | 1.93 million current US$ per square kilometre | +10.8% |
| 2014 | 2.09 million current US$ per square kilometre | +8.3% |
| 2015 | 1.84 million current US$ per square kilometre | -11.7% |
| 2016 | 2.02 million current US$ per square kilometre | +9.3% |
| 2017 | 2.13 million current US$ per square kilometre | +5.9% |
| 2018 | 2.28 million current US$ per square kilometre | +7.0% |
| 2019 | 2.34 million current US$ per square kilometre | +2.4% |
| 2020 | 2.40 million current US$ per square kilometre | +2.4% |
| 2021 | 2.70 million current US$ per square kilometre | +12.7% |
| 2022 | 2.64 million current US$ per square kilometre | -2.3% |
| 2023 | 2.88 million current US$ per square kilometre | +9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 46,400 current US$ per square kilometre | 41,515 current US$ per square kilometre | 50,220 current US$ per square kilometre | 5 |
| 1970s | 168,594 current US$ per square kilometre | 60,840 current US$ per square kilometre | 321,324 current US$ per square kilometre | 10 |
| 1980s | 442,776 current US$ per square kilometre | 305,164 current US$ per square kilometre | 693,823 current US$ per square kilometre | 10 |
| 1990s | 670,455 current US$ per square kilometre | 543,509 current US$ per square kilometre | 807,794 current US$ per square kilometre | 10 |
| 2000s | 1.26 million current US$ per square kilometre | 764,405 current US$ per square kilometre | 1.78 million current US$ per square kilometre | 10 |
| 2010s | 1.98 million current US$ per square kilometre | 1.67 million current US$ per square kilometre | 2.34 million current US$ per square kilometre | 10 |
| 2020s | 2.65 million current US$ per square kilometre | 2.40 million current US$ per square kilometre | 2.88 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 52 Portugal 3.19 million current US$ per square kilometre compare
- 53 Palestine 3.09 million current US$ per square kilometre compare
- 54 United States 3.04 million current US$ per square kilometre compare
- 56 Brunei 2.86 million current US$ per square kilometre compare
- 57 Slovakia 2.78 million current US$ per square kilometre compare
- 58 Saint Vincent and the Grenadines 2.75 million current US$ per square kilometre compare
More economy & growth data for Faroe Islands
- GDP 20.63 billion constant 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$), per unit of GDP 0.1181 current US$ per US$ of GDP (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP per capita growth 0.4% (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
Frequently asked questions
- What is gdp (current us$), per square kilometre in Faroe Islands?
- Gdp (current us$), per square kilometre in Faroe Islands was 2.88 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.88 million current US$ per square kilometre in 2023.
- What is the lowest gdp (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 41,515 current US$ per square kilometre in 1965.
- How does Faroe Islands rank for gdp (current us$), per square kilometre?
- Faroe Islands ranks 55th out of 210 countries with data for 2023.
- Is gdp (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 49.4%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP (current US$) 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 (current US$) ÷ Land area (sq. km)
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (current US$) 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.