GDP: linked series (current LCU), per square kilometre in Faroe Islands
Faroe Islands: GDP: linked series (current LCU), per square kilometre was 19.83 million current LCU per square kilometre in 2023. ▲ Rising
GDP: linked series (current LCU), per square kilometre in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
Faroe Islands recorded 19.83 million current LCU per square kilometre for gdp: linked series (current lcu), per square kilometre in 2023. That is the highest value across all 16 years on record.
That represents a change of up 6.2% on the previous year and up 83.2% over ten years.
Over the whole period, gdp: linked series (current lcu), per square kilometre in Faroe Islands peaked at 19.83 million current LCU per square kilometre in 2023 and was at its lowest, 8.82 million current LCU per square kilometre, in 2009.
That places Faroe Islands 91st out of 211 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
GDP: linked series (current LCU), per square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 2008 | 9.09 million current LCU per square kilometre | — |
| 2009 | 8.82 million current LCU per square kilometre | -3.0% |
| 2010 | 9.39 million current LCU per square kilometre | +6.5% |
| 2011 | 9.64 million current LCU per square kilometre | +2.6% |
| 2012 | 10.07 million current LCU per square kilometre | +4.5% |
| 2013 | 10.82 million current LCU per square kilometre | +7.5% |
| 2014 | 11.72 million current LCU per square kilometre | +8.2% |
| 2015 | 12.40 million current LCU per square kilometre | +5.9% |
| 2016 | 13.57 million current LCU per square kilometre | +9.4% |
| 2017 | 14.10 million current LCU per square kilometre | +3.9% |
| 2018 | 14.42 million current LCU per square kilometre | +2.3% |
| 2019 | 15.61 million current LCU per square kilometre | +8.2% |
| 2020 | 15.67 million current LCU per square kilometre | +0.4% |
| 2021 | 16.98 million current LCU per square kilometre | +8.3% |
| 2022 | 18.67 million current LCU per square kilometre | +10.0% |
| 2023 | 19.83 million current LCU per square kilometre | +6.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 19.83 million current LCU per square kilometre is above the median for high income countries, which is 12.70 million current LCU per square kilometre, 1.6× the median. (82 countries reporting)
- Faroe Islands's 19.83 million current LCU per square kilometre is above the median for Europe & Central Asia, which is 9.22 million current LCU per square kilometre, 2.2× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.96 million current LCU per square kilometre | 8.82 million current LCU per square kilometre | 9.09 million current LCU per square kilometre | 2 |
| 2010s | 12.17 million current LCU per square kilometre | 9.39 million current LCU per square kilometre | 15.61 million current LCU per square kilometre | 10 |
| 2020s | 17.79 million current LCU per square kilometre | 15.67 million current LCU per square kilometre | 19.83 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 88 Yemen 21.93 million current LCU per square kilometre compare
- 89 Bahrain 21.71 million current LCU per square kilometre compare
- 90 Switzerland 21.11 million current LCU per square kilometre compare
- 92 Belgium 19.74 million current LCU per square kilometre compare
- 93 Uruguay 17.57 million current LCU per square kilometre compare
- 94 Guyana 16.71 million current LCU per square kilometre 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 square kilometre in Faroe Islands?
- Gdp: linked series (current lcu), per square kilometre in Faroe Islands was 19.83 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp: linked series (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 19.83 million current LCU per square kilometre in 2023.
- What is the lowest gdp: linked series (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 8.82 million current LCU per square kilometre in 2009.
- How does Faroe Islands rank for gdp: linked series (current lcu), per square kilometre?
- Faroe Islands ranks 91st out of 211 countries with data for 2023.
- Is gdp: linked series (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 83.2%. 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 square kilometre. Statizoid updates them automatically from the source API.
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CSV · JSON — 16 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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP: linked series (current LCU) ÷ Land area (sq. km)
Computed from
- GDP: linked series Staff estimates, World Bank (WB)
- 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: linked series (current 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.