Gdp per capita growth in Faroe Islands
Faroe Islands: Gdp per capita growth was 0.3971 in 2024. ◆ Volatile
Latest (2024)
0.3971
Change on year
down 82.1%
World rank
166th
of 212 countries
All-time high
7.64
in 2012
All-time low
-5.03
in 2009
Years of data
16
2009–2024
Gdp per capita growth in Faroe Islands, 2009–2024
Source: Our World in Data.
Analysis
The most recent figure for gdp per capita growth in Faroe Islands is 0.3971, measured in 2024.
That represents a change of down 82.1% on the previous year and down 92.1% over ten years.
Over the whole period, gdp per capita growth in Faroe Islands peaked at 7.64 in 2012 and was at its lowest, -5.03, in 2009.
That places Faroe Islands 166th out of 212 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.03 | -5.03 | -5.03 | 1 |
| 2010s | 2.86 | -0.1055 | 7.64 | 10 |
| 2020s | 1.17 | -3.08 | 3.63 | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- GDP per capita growth 0.4% (2024)
- GDP 27.94 billion current LCU (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP 20.63 billion constant LCU (2024)
- GDP per capita 74,175 current US$ (2024)
- GDP per capita 511,400 current LCU (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
- GNI, Atlas method 4.00 billion current US$ (2024)
- Gross domestic savings 31.5% (2024)
Frequently asked questions
- What is gdp per capita growth in Faroe Islands?
- Gdp per capita growth in Faroe Islands was 0.3971 in 2024, according to Our World in Data.
- What is the highest gdp per capita growth recorded in Faroe Islands?
- The highest recorded value was 7.64 in 2012.
- What is the lowest gdp per capita growth recorded in Faroe Islands?
- The lowest recorded value was -5.03 in 2009.
- How does Faroe Islands rank for gdp per capita growth?
- Faroe Islands ranks 166th out of 212 countries with data for 2024.
- Is gdp per capita growth rising or falling in Faroe Islands?
- Over the last ten years it is down 92.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Our World in Data, published as part of Gdp per capita growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (Our World in Data).