GDP per capita: Comparing data from World Bank and Maddison Project Database in Faroe Islands
Faroe Islands: GDP per capita: Comparing data from World Bank and Maddison Project Database was 72,114 international-$ in 2021 prices in 2024. ▲ Rising
GDP per capita: Comparing data from World Bank and Maddison Project Database in Faroe Islands, 2008–2024
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Faroe Islands recorded 72,114 international-$ in 2021 prices for gdp per capita: comparing data from world bank and maddison project database in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp per capita: comparing data from world bank and maddison project database in Faroe Islands peaked at 72,114 international-$ in 2021 prices in 2024 and was at its lowest, 51,480 international-$ in 2021 prices, in 2010.
That places Faroe Islands 14th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
GDP per capita: Comparing data from World Bank and Maddison Project Database in Faroe Islands, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 2008 | 54,263 international-$ in 2021 prices | — |
| 2009 | 51,535 international-$ in 2021 prices | -5.0% |
| 2010 | 51,480 international-$ in 2021 prices | -0.1% |
| 2011 | 53,441 international-$ in 2021 prices | +3.8% |
| 2012 | 57,524 international-$ in 2021 prices | +7.6% |
| 2013 | 60,950 international-$ in 2021 prices | +6.0% |
| 2014 | 64,019 international-$ in 2021 prices | +5.0% |
| 2015 | 64,010 international-$ in 2021 prices | -0.0% |
| 2016 | 64,156 international-$ in 2021 prices | +0.2% |
| 2017 | 65,462 international-$ in 2021 prices | +2.0% |
| 2018 | 66,192 international-$ in 2021 prices | +1.1% |
| 2019 | 68,137 international-$ in 2021 prices | +2.9% |
| 2020 | 66,038 international-$ in 2021 prices | -3.1% |
| 2021 | 68,433 international-$ in 2021 prices | +3.6% |
| 2022 | 70,268 international-$ in 2021 prices | +2.7% |
| 2023 | 71,828 international-$ in 2021 prices | +2.2% |
| 2024 | 72,114 international-$ in 2021 prices | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52,899 international-$ in 2021 prices | 51,535 international-$ in 2021 prices | 54,263 international-$ in 2021 prices | 2 |
| 2010s | 61,537 international-$ in 2021 prices | 51,480 international-$ in 2021 prices | 68,137 international-$ in 2021 prices | 10 |
| 2020s | 69,736 international-$ in 2021 prices | 66,038 international-$ in 2021 prices | 72,114 international-$ in 2021 prices | 5 |
Countries ranked near Faroe Islands
- 11 Brunei Darussalam 78,985 international-$ in 2021 prices compare
- 12 United States 76,931 international-$ in 2021 prices compare
- 13 Denmark 72,723 international-$ in 2021 prices compare
- 15 Netherlands 71,378 international-$ in 2021 prices compare
- 16 Greenland 71,038 international-$ in 2021 prices compare
- 17 San Marino 70,952 international-$ in 2021 prices compare
More economy & growth data for Faroe Islands
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.08 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.67 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 65,417 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- GNI 4.12 billion current US$ (2024)
- GDP per capita growth 0.4% (2024)
Frequently asked questions
- What is gdp per capita: comparing data from world bank and maddison project database in Faroe Islands?
- Gdp per capita: comparing data from world bank and maddison project database in Faroe Islands was 72,114 international-$ in 2021 prices in 2024, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gdp per capita: comparing data from world bank and maddison project database recorded in Faroe Islands?
- The highest recorded value was 72,114 international-$ in 2021 prices in 2024.
- What is the lowest gdp per capita: comparing data from world bank and maddison project database recorded in Faroe Islands?
- The lowest recorded value was 51,480 international-$ in 2021 prices in 2010.
- How does Faroe Islands rank for gdp per capita: comparing data from world bank and maddison project database?
- Faroe Islands ranks 14th out of 198 countries with data for 2024.
- Is gdp per capita: comparing data from world bank and maddison project database 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 Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data, published as part of GDP per capita: Comparing data from World Bank and Maddison Project Database. 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 for inflation and differences in living costs between countries.