GDP per capita in international and market dollars in Faroe Islands
Faroe Islands: GDP per capita in international and market dollars was 59,302 constant 2015 US$ in 2024. ▲ Rising
GDP per capita in international and market dollars in Faroe Islands, 2008–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
The most recent figure for gdp per capita in international and market dollars in Faroe Islands is 59,302 constant 2015 US$, measured in 2024. That is the highest value across all 17 years on record.
That represents a change of up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp per capita in international and market dollars in Faroe Islands peaked at 59,302 constant 2015 US$ in 2024 and was at its lowest, 42,334 constant 2015 US$, in 2010.
Faroe Islands ranks 15th of 209 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
GDP per capita in international and market dollars in Faroe Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2008 | 44,623 constant 2015 US$ | — |
| 2009 | 42,379 constant 2015 US$ | -5.0% |
| 2010 | 42,334 constant 2015 US$ | -0.1% |
| 2011 | 43,947 constant 2015 US$ | +3.8% |
| 2012 | 47,305 constant 2015 US$ | +7.6% |
| 2013 | 50,122 constant 2015 US$ | +6.0% |
| 2014 | 52,646 constant 2015 US$ | +5.0% |
| 2015 | 52,638 constant 2015 US$ | -0.0% |
| 2016 | 52,758 constant 2015 US$ | +0.2% |
| 2017 | 53,832 constant 2015 US$ | +2.0% |
| 2018 | 54,432 constant 2015 US$ | +1.1% |
| 2019 | 56,032 constant 2015 US$ | +2.9% |
| 2020 | 54,306 constant 2015 US$ | -3.1% |
| 2021 | 56,276 constant 2015 US$ | +3.6% |
| 2022 | 57,785 constant 2015 US$ | +2.7% |
| 2023 | 59,068 constant 2015 US$ | +2.2% |
| 2024 | 59,302 constant 2015 US$ | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43,501 constant 2015 US$ | 42,379 constant 2015 US$ | 44,623 constant 2015 US$ | 2 |
| 2010s | 50,605 constant 2015 US$ | 42,334 constant 2015 US$ | 56,032 constant 2015 US$ | 10 |
| 2020s | 57,347 constant 2015 US$ | 54,306 constant 2015 US$ | 59,302 constant 2015 US$ | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gdp per capita in international and market dollars in Faroe Islands?
- Gdp per capita in international and market dollars in Faroe Islands was 59,302 constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gdp per capita in international and market dollars recorded in Faroe Islands?
- The highest recorded value was 59,302 constant 2015 US$ in 2024.
- What is the lowest gdp per capita in international and market dollars recorded in Faroe Islands?
- The lowest recorded value was 42,334 constant 2015 US$ in 2010.
- How does Faroe Islands rank for gdp per capita in international and market dollars?
- Faroe Islands ranks 15th out of 209 countries with data for 2024.
- Is gdp per capita in international and market dollars rising or falling in Faroe Islands?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of GDP per capita in international and market dollars. Statizoid updates them automatically from the source API.
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About this data
Average economic output per person in a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.