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% |
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
- 11 Singapore 81,755 current US$ per person compare
- 12 Denmark 77,192 current US$ per person compare
- 13 Qatar 74,330 current US$ per person compare
- 15 Macau, China 69,918 current US$ per person compare
- 16 Netherlands 68,534 current US$ per person compare
- 17 Australia 64,119 current US$ per person compare
More economy & growth data for Faroe Islands
- Gdp per capita worldbank constant usd 59,302 (2024)
- Services, value added 15.04 billion current LCU (2024)
- Services, value added 53.8% (2024)
- Gdp worldbank constant usd, per capita 59,302 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0002 units per person (2024)
- External balance on goods and services as a percent of gdp 3.36 (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Discrepancy in expenditure estimate of GDP 100,000 current LCU (2024)
- GDP deflator 135.45 base year varies by country (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.