GDP, PPP (current international $), per square kilometre in Faroe Islands
Faroe Islands: GDP, PPP (current international $), per square kilometre was 3.17 million current international $ per square kilometre in 2023. ▲ Rising
GDP, PPP (current international $), per square kilometre in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in current international $ per square kilometre.
Analysis
In 2023, gdp, ppp (current international $), per square kilometre in Faroe Islands stood at 3.17 million current international $ per square kilometre. That is the highest value across all 16 years on record.
The figure is up 7.0% on the previous year and up 84.1% over ten years.
Over the whole period, gdp, ppp (current international $), per square kilometre in Faroe Islands peaked at 3.17 million current international $ per square kilometre in 2023 and was at its lowest, 1.37 million current international $ per square kilometre, in 2009.
That places Faroe Islands 69th out of 201 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
GDP, PPP (current international $), per square kilometre in Faroe Islands, year by year
| Year | current international $ per square kilometre | Change |
|---|---|---|
| 2008 | 1.43 million current international $ per square kilometre | — |
| 2009 | 1.37 million current international $ per square kilometre | -4.0% |
| 2010 | 1.39 million current international $ per square kilometre | +0.8% |
| 2011 | 1.47 million current international $ per square kilometre | +5.7% |
| 2012 | 1.60 million current international $ per square kilometre | +9.1% |
| 2013 | 1.72 million current international $ per square kilometre | +7.7% |
| 2014 | 1.85 million current international $ per square kilometre | +7.3% |
| 2015 | 1.88 million current international $ per square kilometre | +1.9% |
| 2016 | 1.92 million current international $ per square kilometre | +2.3% |
| 2017 | 2.03 million current international $ per square kilometre | +5.4% |
| 2018 | 2.15 million current international $ per square kilometre | +6.2% |
| 2019 | 2.31 million current international $ per square kilometre | +7.2% |
| 2020 | 2.37 million current international $ per square kilometre | +2.8% |
| 2021 | 2.66 million current international $ per square kilometre | +12.2% |
| 2022 | 2.96 million current international $ per square kilometre | +11.2% |
| 2023 | 3.17 million current international $ per square kilometre | +7.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 3.17 million current international $ per square kilometre is below the median for high income countries, which is 7.09 million current international $ per square kilometre, 45% of the median. (74 countries reporting)
- Faroe Islands's 3.17 million current international $ per square kilometre is above the median for Europe & Central Asia, which is 3.04 million current international $ per square kilometre, 1.0× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.40 million current international $ per square kilometre | 1.37 million current international $ per square kilometre | 1.43 million current international $ per square kilometre | 2 |
| 2010s | 1.83 million current international $ per square kilometre | 1.39 million current international $ per square kilometre | 2.31 million current international $ per square kilometre | 10 |
| 2020s | 2.79 million current international $ per square kilometre | 2.37 million current international $ per square kilometre | 3.17 million current international $ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 66 Jamaica 3.32 million current international $ per square kilometre compare
- 67 Thailand 3.31 million current international $ per square kilometre compare
- 68 Croatia 3.29 million current international $ per square kilometre compare
- 70 United States 3.04 million current international $ per square kilometre compare
- 71 Costa Rica 2.92 million current international $ per square kilometre compare
- 72 Azerbaijan 2.91 million current international $ per square kilometre 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 square kilometre in Faroe Islands?
- Gdp, ppp (current international $), per square kilometre in Faroe Islands was 3.17 million current international $ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp, ppp (current international $), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 3.17 million current international $ per square kilometre in 2023.
- What is the lowest gdp, ppp (current international $), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 1.37 million current international $ per square kilometre in 2009.
- How does Faroe Islands rank for gdp, ppp (current international $), per square kilometre?
- Faroe Islands ranks 69th out of 201 countries with data for 2023.
- Is gdp, ppp (current international $), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 84.1%. 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 square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP, PPP (current 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 (current 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 (current 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.