Gdp worldbank constant usd, per unit of GDP in Faroe Islands
Faroe Islands: Gdp worldbank constant usd, per unit of GDP was 0.7995 units per US$ of GDP in 2024. ▼ Falling
Gdp worldbank constant usd, per unit of GDP in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
In 2024, gdp worldbank constant usd, per unit of gdp in Faroe Islands stood at 0.7995 units per US$ of GDP. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 1.9% on the previous year and down 8.6% over ten years.
Over the whole period, gdp worldbank constant usd, per unit of gdp in Faroe Islands peaked at 1 units per US$ of GDP in 2015 and was at its lowest, 0.7995 units per US$ of GDP, in 2024.
Faroe Islands ranks 120th of 209 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Gdp worldbank constant usd, per unit of GDP in Faroe Islands, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.87 units per US$ of GDP | — |
| 2009 | 0.9005 units per US$ of GDP | +3.5% |
| 2010 | 0.8834 units per US$ of GDP | -1.9% |
| 2011 | 0.8514 units per US$ of GDP | -3.6% |
| 2012 | 0.9411 units per US$ of GDP | +10.5% |
| 2013 | 0.8989 units per US$ of GDP | -4.5% |
| 2014 | 0.8749 units per US$ of GDP | -2.7% |
| 2015 | 1 units per US$ of GDP | +14.3% |
| 2016 | 0.9276 units per US$ of GDP | -7.2% |
| 2017 | 0.9064 units per US$ of GDP | -2.3% |
| 2018 | 0.8706 units per US$ of GDP | -4.0% |
| 2019 | 0.8884 units per US$ of GDP | +2.0% |
| 2020 | 0.8724 units per US$ of GDP | -1.8% |
| 2021 | 0.8106 units per US$ of GDP | -7.1% |
| 2022 | 0.8616 units per US$ of GDP | +6.3% |
| 2023 | 0.8149 units per US$ of GDP | -5.4% |
| 2024 | 0.7995 units per US$ of GDP | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8853 units per US$ of GDP | 0.87 units per US$ of GDP | 0.9005 units per US$ of GDP | 2 |
| 2010s | 0.9043 units per US$ of GDP | 0.8514 units per US$ of GDP | 1 units per US$ of GDP | 10 |
| 2020s | 0.8318 units per US$ of GDP | 0.7995 units per US$ of GDP | 0.8724 units per US$ of GDP | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (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)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
Frequently asked questions
- What is gdp worldbank constant usd, per unit of gdp in Faroe Islands?
- Gdp worldbank constant usd, per unit of gdp in Faroe Islands was 0.7995 units per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp worldbank constant usd, per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1 units per US$ of GDP in 2015.
- What is the lowest gdp worldbank constant usd, per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.7995 units per US$ of GDP in 2024.
- How does Faroe Islands rank for gdp worldbank constant usd, per unit of gdp?
- Faroe Islands ranks 120th out of 209 countries with data for 2024.
- Is gdp worldbank constant usd, per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Gdp worldbank constant usd, per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gdp worldbank constant usd divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gdp worldbank constant usd ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.