GNI, Atlas method (current US$), per capita in Faroe Islands
Faroe Islands: GNI, Atlas method (current US$), per capita was 73,123 current US$ per person in 2024. ▲ Rising
GNI, Atlas method (current US$), per capita in Faroe Islands, 2010–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for gni, atlas method (current us$), per capita in Faroe Islands is 73,123 current US$ per person, measured in 2024.
The figure is down 0.4% on the previous year and up 21.0% over ten years.
Over the whole period, gni, atlas method (current us$), per capita in Faroe Islands peaked at 73,423 current US$ per person in 2023 and was at its lowest, 49,055 current US$ per person, in 2010.
That places Faroe Islands 14th out of 207 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
GNI, Atlas method (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 2010 | 49,055 current US$ per person | — |
| 2011 | 53,423 current US$ per person | +8.9% |
| 2012 | 56,501 current US$ per person | +5.8% |
| 2013 | 59,529 current US$ per person | +5.4% |
| 2014 | 60,436 current US$ per person | +1.5% |
| 2015 | 57,675 current US$ per person | -4.6% |
| 2016 | 57,411 current US$ per person | -0.5% |
| 2017 | 57,923 current US$ per person | +0.9% |
| 2018 | 62,904 current US$ per person | +8.6% |
| 2019 | 66,015 current US$ per person | +4.9% |
| 2020 | 64,209 current US$ per person | -2.7% |
| 2021 | 70,048 current US$ per person | +9.1% |
| 2022 | 72,974 current US$ per person | +4.2% |
| 2023 | 73,423 current US$ per person | +0.6% |
| 2024 | 73,123 current US$ per person | -0.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 73,123 current US$ per person is above the median for high income countries, which is 37,017 current US$ per person, 2.0× the median. (77 countries reporting)
- Faroe Islands's 73,123 current US$ per person is above the median for Europe & Central Asia, which is 26,408 current US$ per person, 2.8× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 58,087 current US$ per person | 49,055 current US$ per person | 66,015 current US$ per person | 10 |
| 2020s | 70,755 current US$ per person | 64,209 current US$ per person | 73,423 current US$ per person | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gni, atlas method (current us$), per capita in Faroe Islands?
- Gni, atlas method (current us$), per capita in Faroe Islands was 73,123 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest gni, atlas method (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 73,423 current US$ per person in 2023.
- What is the lowest gni, atlas method (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 49,055 current US$ per person in 2010.
- How does Faroe Islands rank for gni, atlas method (current us$), per capita?
- Faroe Islands ranks 14th out of 207 countries with data for 2024.
- Is gni, atlas method (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 21.0%. 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 GNI, Atlas method (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
GNI, Atlas method (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, Atlas method (current US$) ÷ Population, total
Computed from
- GNI, Atlas method Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI, Atlas method (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.