GDP, PPP (constant 2021 international $), per square kilometre in Faroe Islands
Faroe Islands: GDP, PPP (constant 2021 international $), per square kilometre was 2.85 million constant 2021 international $ per square kilometre in 2023. ▲ Rising
GDP, PPP (constant 2021 international $), per square kilometre in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in constant 2021 international $ per square kilometre.
Analysis
The most recent figure for gdp, ppp (constant 2021 international $), per square kilometre in Faroe Islands is 2.85 million constant 2021 international $ per square kilometre, measured in 2023. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 35.4% over ten years.
Over the whole period, gdp, ppp (constant 2021 international $), per square kilometre in Faroe Islands peaked at 2.85 million constant 2021 international $ per square kilometre in 2023 and was at its lowest, 1.79 million constant 2021 international $ per square kilometre, in 2010.
Faroe Islands ranks 68th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
GDP, PPP (constant 2021 international $), per square kilometre in Faroe Islands, year by year
| Year | constant 2021 international $ per square kilometre | Change |
|---|---|---|
| 2008 | 1.89 million constant 2021 international $ per square kilometre | — |
| 2009 | 1.80 million constant 2021 international $ per square kilometre | -4.6% |
| 2010 | 1.79 million constant 2021 international $ per square kilometre | -0.4% |
| 2011 | 1.86 million constant 2021 international $ per square kilometre | +3.6% |
| 2012 | 1.99 million constant 2021 international $ per square kilometre | +7.1% |
| 2013 | 2.11 million constant 2021 international $ per square kilometre | +5.9% |
| 2014 | 2.22 million constant 2021 international $ per square kilometre | +5.4% |
| 2015 | 2.24 million constant 2021 international $ per square kilometre | +1.0% |
| 2016 | 2.27 million constant 2021 international $ per square kilometre | +1.4% |
| 2017 | 2.35 million constant 2021 international $ per square kilometre | +3.5% |
| 2018 | 2.42 million constant 2021 international $ per square kilometre | +2.8% |
| 2019 | 2.53 million constant 2021 international $ per square kilometre | +4.5% |
| 2020 | 2.54 million constant 2021 international $ per square kilometre | +0.5% |
| 2021 | 2.66 million constant 2021 international $ per square kilometre | +4.8% |
| 2022 | 2.76 million constant 2021 international $ per square kilometre | +3.9% |
| 2023 | 2.85 million constant 2021 international $ per square kilometre | +3.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 2.85 million constant 2021 international $ per square kilometre is below the median for high income countries, which is 6.38 million constant 2021 international $ per square kilometre, 45% of the median. (74 countries reporting)
- Faroe Islands's 2.85 million constant 2021 international $ per square kilometre is above the median for Europe & Central Asia, which is 2.73 million constant 2021 international $ per square kilometre, 1.0× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.84 million constant 2021 international $ per square kilometre | 1.80 million constant 2021 international $ per square kilometre | 1.89 million constant 2021 international $ per square kilometre | 2 |
| 2010s | 2.18 million constant 2021 international $ per square kilometre | 1.79 million constant 2021 international $ per square kilometre | 2.53 million constant 2021 international $ per square kilometre | 10 |
| 2020s | 2.70 million constant 2021 international $ per square kilometre | 2.54 million constant 2021 international $ per square kilometre | 2.85 million constant 2021 international $ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 65 Jamaica 2.99 million constant 2021 international $ per square kilometre compare
- 66 Thailand 2.98 million constant 2021 international $ per square kilometre compare
- 67 Greece 2.96 million constant 2021 international $ per square kilometre compare
- 69 Croatia 2.85 million constant 2021 international $ per square kilometre compare
- 70 United States 2.74 million constant 2021 international $ per square kilometre compare
- 71 Costa Rica 2.64 million constant 2021 international $ per square kilometre compare
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, ppp (constant 2021 international $), per square kilometre in Faroe Islands?
- Gdp, ppp (constant 2021 international $), per square kilometre in Faroe Islands was 2.85 million constant 2021 international $ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp, ppp (constant 2021 international $), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.85 million constant 2021 international $ per square kilometre in 2023.
- What is the lowest gdp, ppp (constant 2021 international $), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 1.79 million constant 2021 international $ per square kilometre in 2010.
- How does Faroe Islands rank for gdp, ppp (constant 2021 international $), per square kilometre?
- Faroe Islands ranks 68th out of 198 countries with data for 2023.
- Is gdp, ppp (constant 2021 international $), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 35.4%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP, PPP (constant 2021 international $) ÷ Land area (sq. km)
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.