GDP, PPP (current international $), per capita in Faroe Islands
Faroe Islands: GDP, PPP (current international $), per capita was 82,089 current international $ per person in 2024. ▲ Rising
GDP, PPP (current international $), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current international $ per person.
Analysis
In 2024, gdp, ppp (current international $), per capita in Faroe Islands stood at 82,089 current international $ per person. That is the highest value across all 17 years on record.
That represents a change of up 2.9% on the previous year and up 54.3% over ten years.
Over the whole period, gdp, ppp (current international $), per capita in Faroe Islands peaked at 82,089 current international $ per person in 2024 and was at its lowest, 39,331 current international $ per person, in 2009.
Faroe Islands ranks 16th of 204 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
GDP, PPP (current international $), per capita in Faroe Islands, year by year
| Year | current international $ per person | Change |
|---|---|---|
| 2008 | 41,160 current international $ per person | — |
| 2009 | 39,331 current international $ per person | -4.4% |
| 2010 | 39,767 current international $ per person | +1.1% |
| 2011 | 42,134 current international $ per person | +6.0% |
| 2012 | 46,198 current international $ per person | +9.6% |
| 2013 | 49,782 current international $ per person | +7.8% |
| 2014 | 53,200 current international $ per person | +6.9% |
| 2015 | 53,685 current international $ per person | +0.9% |
| 2016 | 54,319 current international $ per person | +1.2% |
| 2017 | 56,417 current international $ per person | +3.9% |
| 2018 | 58,932 current international $ per person | +4.5% |
| 2019 | 62,226 current international $ per person | +5.6% |
| 2020 | 61,656 current international $ per person | -0.9% |
| 2021 | 68,433 current international $ per person | +11.0% |
| 2022 | 75,266 current international $ per person | +10.0% |
| 2023 | 79,784 current international $ per person | +6.0% |
| 2024 | 82,089 current international $ per person | +2.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 82,089 current international $ per person is above the median for high income countries, which is 59,792 current international $ per person, 1.4× the median. (74 countries reporting)
- Faroe Islands's 82,089 current international $ per person is above the median for Europe & Central Asia, which is 50,946 current international $ per person, 1.6× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40,246 current international $ per person | 39,331 current international $ per person | 41,160 current international $ per person | 2 |
| 2010s | 51,666 current international $ per person | 39,767 current international $ per person | 62,226 current international $ per person | 10 |
| 2020s | 73,446 current international $ per person | 61,656 current international $ per person | 82,089 current international $ per person | 5 |
Countries ranked near Faroe Islands
- 13 Netherlands 87,320 current international $ per person compare
- 14 Iceland 83,431 current international $ per person compare
- 15 Denmark 83,218 current international $ per person compare
- 17 Hong Kong 80,423 current international $ per person compare
- 18 Andorra 79,567 current international $ per person compare
- 19 United Arab Emirates 79,344 current 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 (current international $), per capita in Faroe Islands?
- Gdp, ppp (current international $), per capita in Faroe Islands was 82,089 current international $ per person in 2024, according to Statizoid (derived).
- What is the highest gdp, ppp (current international $), per capita recorded in Faroe Islands?
- The highest recorded value was 82,089 current international $ per person in 2024.
- What is the lowest gdp, ppp (current international $), per capita recorded in Faroe Islands?
- The lowest recorded value was 39,331 current international $ per person in 2009.
- How does Faroe Islands rank for gdp, ppp (current international $), per capita?
- Faroe Islands ranks 16th out of 204 countries with data for 2024.
- Is gdp, ppp (current international $), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 54.3%. 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 (current international $), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP, PPP (current 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 (current 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 (current international $) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.