GDP price levels relative to the US in Faroe Islands
Faroe Islands: GDP price levels relative to the US was 0.9049 in 2024. ▼ Falling
GDP price levels relative to the US in Faroe Islands, 2008–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
In 2024, gdp price levels relative to the us in Faroe Islands stood at 0.9049.
That represents a change of down 0.5% on the previous year and down 20.0% over ten years.
Over the whole period, gdp price levels relative to the us in Faroe Islands peaked at 1.25 in 2008 and was at its lowest, 0.891, in 2022.
That places Faroe Islands 15th out of 202 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
GDP price levels relative to the US in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 1.25 | — |
| 2009 | 1.2 | -4.0% |
| 2010 | 1.21 | +0.7% |
| 2011 | 1.23 | +1.7% |
| 2012 | 1.09 | -11.2% |
| 2013 | 1.12 | +2.9% |
| 2014 | 1.13 | +1.0% |
| 2015 | 0.9805 | -13.3% |
| 2016 | 1.05 | +6.8% |
| 2017 | 1.05 | +0.5% |
| 2018 | 1.06 | +0.8% |
| 2019 | 1.01 | -4.5% |
| 2020 | 1.01 | -0.4% |
| 2021 | 1.01 | +0.5% |
| 2022 | 0.891 | -12.2% |
| 2023 | 0.9093 | +2.1% |
| 2024 | 0.9049 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 | 1.2 | 1.25 | 2 |
| 2010s | 1.09 | 0.9805 | 1.23 | 10 |
| 2020s | 0.9458 | 0.891 | 1.01 | 5 |
Countries ranked near Faroe Islands
- 12 Israel 0.9466 compare
- 13 Vanuatu 0.946 compare
- 14 Marshall Islands 0.9429 compare
- 16 Australia 0.8959 compare
- 17 United States Virgin Islands 0.8901 compare
- 18 New Zealand 0.886 compare
More economy & growth data for Faroe Islands
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
Frequently asked questions
- What is gdp price levels relative to the us in Faroe Islands?
- Gdp price levels relative to the us in Faroe Islands was 0.9049 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Faroe Islands?
- The highest recorded value was 1.25 in 2008.
- What is the lowest gdp price levels relative to the us recorded in Faroe Islands?
- The lowest recorded value was 0.891 in 2022.
- How does Faroe Islands rank for gdp price levels relative to the us?
- Faroe Islands ranks 15th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Faroe Islands?
- Over the last ten years it is down 20.0%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
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About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.