GDP: linked series (current LCU), per capita in Faroe Islands
Faroe Islands: GDP: linked series (current LCU), per capita was 511,400 current LCU per person in 2024. ▲ Rising
GDP: linked series (current LCU), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for gdp: linked series (current lcu), per capita in Faroe Islands is 511,400 current LCU per person, measured in 2024. That is the highest value across all 17 years on record.
That represents a change of up 2.4% on the previous year and up 51.4% over ten years.
Over the whole period, gdp: linked series (current lcu), per capita in Faroe Islands peaked at 511,400 current LCU per person in 2024 and was at its lowest, 252,283 current LCU per person, in 2009.
Faroe Islands ranks 69th of 214 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
GDP: linked series (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 2008 | 261,472 current LCU per person | — |
| 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 511,400 current LCU per person is above the median for high income countries, which is 70,749 current LCU per person, 7.2× the median. (82 countries reporting)
- Faroe Islands's 511,400 current LCU per person is above the median for Europe & Central Asia, which is 60,450 current LCU per person, 8.5× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 256,878 current LCU per person | 252,283 current LCU per person | 261,472 current LCU per person | 2 |
| 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 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
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (2024)
Frequently asked questions
- What is gdp: linked series (current lcu), per capita in Faroe Islands?
- Gdp: linked series (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: linked series (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: linked series (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 252,283 current LCU per person in 2009.
- How does Faroe Islands rank for gdp: linked series (current lcu), per capita?
- Faroe Islands ranks 69th out of 214 countries with data for 2024.
- Is gdp: linked series (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 rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP: linked series (current 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: linked series (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: linked series (current LCU) ÷ Population, total
Computed from
- GDP: linked series Staff estimates, World Bank (WB)
- 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: linked series (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.