GDP: linked series (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: GDP: linked series (current LCU), per unit of GDP was 6.89 current LCU per US$ of GDP in 2024. ▲ Rising
GDP: linked series (current LCU), per unit of GDP in Faroe Islands, 2008–2024
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: linked series (current lcu), per unit of gdp in 2024.
Compared with earlier readings it is up 0.1% on the previous year and up 22.8% over ten years.
Over the whole period, gdp: linked series (current lcu), per unit of gdp in Faroe Islands peaked at 7.08 current LCU per US$ of GDP in 2022 and was at its lowest, 5.1 current LCU per US$ of GDP, in 2008.
That places Faroe Islands 115th out of 214 countries with data for 2024, putting it 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 unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 5.1 current LCU per US$ of GDP | — |
| 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.89 current LCU per US$ of GDP is above the median for high income countries, which is 1 current LCU per US$ of GDP, 6.9× the median. (82 countries reporting)
- Faroe Islands's 6.89 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 1.01 current LCU per US$ of GDP, 6.9× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.23 current LCU per US$ of GDP | 5.1 current LCU per US$ of GDP | 5.36 current LCU per US$ of GDP | 2 |
| 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
- 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 unit of gdp in Faroe Islands?
- Gdp: linked series (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: linked series (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 7.08 current LCU per US$ of GDP in 2022.
- What is the lowest gdp: linked series (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: linked series (current lcu), per unit of gdp?
- Faroe Islands ranks 115th out of 214 countries with data for 2024.
- Is gdp: linked series (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 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 unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP: linked series (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP: linked series (current LCU) ÷ GDP (current US$)
Computed from
- GDP: linked series Staff estimates, World Bank (WB)
- 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: linked series (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.