Gdp worldbank constant usd, per capita in Faroe Islands
Faroe Islands: Gdp worldbank constant usd, per capita was 59,302 units per person in 2024. ▲ Rising
Gdp worldbank constant usd, per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in units per person.
Analysis
Faroe Islands recorded 59,302 units per person for gdp worldbank constant usd, per capita in 2024. That is the highest value across all 17 years on record.
The figure is up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp worldbank constant usd, per capita in Faroe Islands peaked at 59,302 units per person in 2024 and was at its lowest, 42,334 units per person, in 2010.
That places Faroe Islands 15th out of 209 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 worldbank constant usd, per capita in Faroe Islands, year by year
| Year | units per person | Change |
|---|---|---|
| 2008 | 44,623 units per person | — |
| 2009 | 42,379 units per person | -5.0% |
| 2010 | 42,334 units per person | -0.1% |
| 2011 | 43,947 units per person | +3.8% |
| 2012 | 47,305 units per person | +7.6% |
| 2013 | 50,122 units per person | +6.0% |
| 2014 | 52,646 units per person | +5.0% |
| 2015 | 52,638 units per person | -0.0% |
| 2016 | 52,758 units per person | +0.2% |
| 2017 | 53,832 units per person | +2.0% |
| 2018 | 54,433 units per person | +1.1% |
| 2019 | 56,032 units per person | +2.9% |
| 2020 | 54,306 units per person | -3.1% |
| 2021 | 56,276 units per person | +3.6% |
| 2022 | 57,785 units per person | +2.7% |
| 2023 | 59,068 units per person | +2.2% |
| 2024 | 59,302 units per person | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43,501 units per person | 42,379 units per person | 44,623 units per person | 2 |
| 2010s | 50,605 units per person | 42,334 units per person | 56,032 units per person | 10 |
| 2020s | 57,347 units per person | 54,306 units per person | 59,302 units per person | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- GDP growth 0.8% (2024)
- Discrepancy in expenditure estimate of GDP 100,000 current LCU (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1181 current US$ per US$ of GDP (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP per capita 59,302 constant 2015 US$ (2024)
- GDP per capita 511,400 current LCU (2024)
Frequently asked questions
- What is gdp worldbank constant usd, per capita in Faroe Islands?
- Gdp worldbank constant usd, per capita in Faroe Islands was 59,302 units per person in 2024, according to Statizoid (derived).
- What is the highest gdp worldbank constant usd, per capita recorded in Faroe Islands?
- The highest recorded value was 59,302 units per person in 2024.
- What is the lowest gdp worldbank constant usd, per capita recorded in Faroe Islands?
- The lowest recorded value was 42,334 units per person in 2010.
- How does Faroe Islands rank for gdp worldbank constant usd, per capita?
- Faroe Islands ranks 15th out of 209 countries with data for 2024.
- Is gdp worldbank constant usd, 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 worldbank constant usd, 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 worldbank constant usd divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gdp worldbank constant usd ÷ Population, total
Computed from
- Gdp worldbank constant usd Our World in Data
- 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 worldbank constant usd divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.