Gdp per capita worldbank constant usd in Faroe Islands
Faroe Islands: Gdp per capita worldbank constant usd was 59,302 in 2024. ▲ Rising
Gdp per capita worldbank constant usd in Faroe Islands, 2008–2024
Source: Our World in Data.
Analysis
The most recent figure for gdp per capita worldbank constant usd in Faroe Islands is 59,302, measured 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 worldbank constant usd in Faroe Islands peaked at 59,302 in 2024 and was at its lowest, 42,334, in 2010.
That places Faroe Islands 15th out of 209 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 worldbank constant usd in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 44,623 | — |
| 2009 | 42,379 | -5.0% |
| 2010 | 42,334 | -0.1% |
| 2011 | 43,947 | +3.8% |
| 2012 | 47,305 | +7.6% |
| 2013 | 50,122 | +6.0% |
| 2014 | 52,646 | +5.0% |
| 2015 | 52,638 | -0.0% |
| 2016 | 52,758 | +0.2% |
| 2017 | 53,832 | +2.0% |
| 2018 | 54,432 | +1.1% |
| 2019 | 56,032 | +2.9% |
| 2020 | 54,306 | -3.1% |
| 2021 | 56,276 | +3.6% |
| 2022 | 57,785 | +2.7% |
| 2023 | 59,068 | +2.2% |
| 2024 | 59,302 | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43,501 | 42,379 | 44,623 | 2 |
| 2010s | 50,605 | 42,334 | 56,032 | 10 |
| 2020s | 57,347 | 54,306 | 59,302 | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- GDP growth 0.8% (2024)
- Discrepancy in expenditure estimate of GDP 100,000 current LCU (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1181 current US$ per US$ of GDP (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
- GDP per capita 511,400 current LCU (2024)
Frequently asked questions
- What is gdp per capita worldbank constant usd in Faroe Islands?
- Gdp per capita worldbank constant usd in Faroe Islands was 59,302 in 2024, according to Our World in Data.
- What is the highest gdp per capita worldbank constant usd recorded in Faroe Islands?
- The highest recorded value was 59,302 in 2024.
- What is the lowest gdp per capita worldbank constant usd recorded in Faroe Islands?
- The lowest recorded value was 42,334 in 2010.
- How does Faroe Islands rank for gdp per capita worldbank constant usd?
- Faroe Islands ranks 15th out of 209 countries with data for 2024.
- Is gdp per capita worldbank constant usd 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 Our World in Data, published as part of Gdp per capita worldbank constant usd. Statizoid updates them automatically from the source API.
Download this data
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