Gdp per capita worldbank in Faroe Islands
Faroe Islands: Gdp per capita worldbank was 72,114 in 2024. ▲ Rising
Gdp per capita worldbank in Faroe Islands, 2008–2024
Source: Our World in Data.
Analysis
Faroe Islands recorded 72,114 for gdp per capita worldbank 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 worldbank in Faroe Islands peaked at 72,114 in 2024 and was at its lowest, 51,480, 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 worldbank in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 54,263 | — |
| 2009 | 51,535 | -5.0% |
| 2010 | 51,480 | -0.1% |
| 2011 | 53,441 | +3.8% |
| 2012 | 57,524 | +7.6% |
| 2013 | 60,950 | +6.0% |
| 2014 | 64,019 | +5.0% |
| 2015 | 64,010 | -0.0% |
| 2016 | 64,156 | +0.2% |
| 2017 | 65,462 | +2.0% |
| 2018 | 66,192 | +1.1% |
| 2019 | 68,137 | +2.9% |
| 2020 | 66,038 | -3.1% |
| 2021 | 68,433 | +3.6% |
| 2022 | 70,268 | +2.7% |
| 2023 | 71,828 | +2.2% |
| 2024 | 72,114 | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52,899 | 51,535 | 54,263 | 2 |
| 2010s | 61,537 | 51,480 | 68,137 | 10 |
| 2020s | 69,736 | 66,038 | 72,114 | 5 |
Countries ranked near Faroe Islands
- 11 Brunei Darussalam 78,985 compare
- 12 United States of America 76,931 compare
- 13 Denmark 72,723 compare
- 15 Netherlands 71,378 compare
- 16 Greenland 71,038 compare
- 17 San Marino 70,952 compare
More economy & growth data for Faroe Islands
- Net primary income (Net income from abroad) 472.40 million current LCU (2024)
- Gross domestic savings 8.81 billion current LCU (2024)
- Gross domestic savings 31.5% (2024)
- GNI, Atlas method 4.00 billion current US$ (2024)
- GNI 4.12 billion current US$ (2024)
- GNI 28.42 billion current LCU (2024)
- GNI per capita, Atlas method 73,120 current US$ (2024)
- GNI per capita 520,046 current LCU (2024)
- Trade in services 24.0% (2011)
- Gdp worldbank constant usd 3.24 billion (2024)
Frequently asked questions
- What is gdp per capita worldbank in Faroe Islands?
- Gdp per capita worldbank in Faroe Islands was 72,114 in 2024, according to Our World in Data.
- What is the highest gdp per capita worldbank recorded in Faroe Islands?
- The highest recorded value was 72,114 in 2024.
- What is the lowest gdp per capita worldbank recorded in Faroe Islands?
- The lowest recorded value was 51,480 in 2010.
- How does Faroe Islands rank for gdp per capita worldbank?
- Faroe Islands ranks 14th out of 198 countries with data for 2024.
- Is gdp per capita worldbank 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).