GDP, PPP (constant 2021 international $), per capita in Faroe Islands
Faroe Islands: GDP, PPP (constant 2021 international $), per capita was 72,114 constant 2021 international $ per person in 2024. ▲ Rising
GDP, PPP (constant 2021 international $), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in constant 2021 international $ per person.
Analysis
The most recent figure for gdp, ppp (constant 2021 international $), per capita in Faroe Islands is 72,114 constant 2021 international $ per person, 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, ppp (constant 2021 international $), per capita in Faroe Islands peaked at 72,114 constant 2021 international $ per person in 2024 and was at its lowest, 51,480 constant 2021 international $ per person, in 2010.
That places Faroe Islands 14th out of 200 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, PPP (constant 2021 international $), per capita in Faroe Islands, year by year
| Year | constant 2021 international $ per person | Change |
|---|---|---|
| 2008 | 54,263 constant 2021 international $ per person | — |
| 2009 | 51,534 constant 2021 international $ per person | -5.0% |
| 2010 | 51,480 constant 2021 international $ per person | -0.1% |
| 2011 | 53,441 constant 2021 international $ per person | +3.8% |
| 2012 | 57,524 constant 2021 international $ per person | +7.6% |
| 2013 | 60,950 constant 2021 international $ per person | +6.0% |
| 2014 | 64,020 constant 2021 international $ per person | +5.0% |
| 2015 | 64,010 constant 2021 international $ per person | -0.0% |
| 2016 | 64,156 constant 2021 international $ per person | +0.2% |
| 2017 | 65,462 constant 2021 international $ per person | +2.0% |
| 2018 | 66,192 constant 2021 international $ per person | +1.1% |
| 2019 | 68,137 constant 2021 international $ per person | +2.9% |
| 2020 | 66,038 constant 2021 international $ per person | -3.1% |
| 2021 | 68,433 constant 2021 international $ per person | +3.6% |
| 2022 | 70,268 constant 2021 international $ per person | +2.7% |
| 2023 | 71,828 constant 2021 international $ per person | +2.2% |
| 2024 | 72,114 constant 2021 international $ per person | +0.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 72,114 constant 2021 international $ per person is above the median for high income countries, which is 49,192 constant 2021 international $ per person, 1.5× the median. (74 countries reporting)
- Faroe Islands's 72,114 constant 2021 international $ per person is above the median for Europe & Central Asia, which is 42,577 constant 2021 international $ per person, 1.7× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52,899 constant 2021 international $ per person | 51,534 constant 2021 international $ per person | 54,263 constant 2021 international $ per person | 2 |
| 2010s | 61,537 constant 2021 international $ per person | 51,480 constant 2021 international $ per person | 68,137 constant 2021 international $ per person | 10 |
| 2020s | 69,736 constant 2021 international $ per person | 66,038 constant 2021 international $ per person | 72,114 constant 2021 international $ per person | 5 |
Countries ranked near Faroe Islands
- 11 Brunei 78,985 constant 2021 international $ per person compare
- 12 United States 76,931 constant 2021 international $ per person compare
- 13 Denmark 72,723 constant 2021 international $ per person compare
- 15 Netherlands 71,379 constant 2021 international $ per person compare
- 16 Greenland 71,038 constant 2021 international $ per person compare
- 17 San Marino 70,952 constant 2021 international $ per person compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (2024)
Frequently asked questions
- What is gdp, ppp (constant 2021 international $), per capita in Faroe Islands?
- Gdp, ppp (constant 2021 international $), per capita in Faroe Islands was 72,114 constant 2021 international $ per person in 2024, according to Statizoid (derived).
- What is the highest gdp, ppp (constant 2021 international $), per capita recorded in Faroe Islands?
- The highest recorded value was 72,114 constant 2021 international $ per person in 2024.
- What is the lowest gdp, ppp (constant 2021 international $), per capita recorded in Faroe Islands?
- The lowest recorded value was 51,480 constant 2021 international $ per person in 2010.
- How does Faroe Islands rank for gdp, ppp (constant 2021 international $), per capita?
- Faroe Islands ranks 14th out of 200 countries with data for 2024.
- Is gdp, ppp (constant 2021 international $), per capita 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 Statizoid (derived), published as part of GDP, PPP (constant 2021 international $), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP, PPP (constant 2021 international $) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP, PPP (constant 2021 international $) ÷ Population, total
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP, PPP (constant 2021 international $) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.