GNI, Atlas method (current US$), per square kilometre in Faroe Islands
Faroe Islands: GNI, Atlas method (current US$), per square kilometre was 2.92 million current US$ per square kilometre in 2023. ▲ Rising
GNI, Atlas method (current US$), per square kilometre in Faroe Islands, 2010–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for gni, atlas method (current us$), per square kilometre in Faroe Islands is 2.92 million current US$ per square kilometre, measured in 2023. That is the highest value across all 14 years on record.
The figure is up 1.5% on the previous year and up 41.7% over ten years.
Over the whole period, gni, atlas method (current us$), per square kilometre in Faroe Islands peaked at 2.92 million current US$ per square kilometre in 2023 and was at its lowest, 1.71 million current US$ per square kilometre, in 2010.
That places Faroe Islands 52nd out of 205 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
GNI, Atlas method (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 2010 | 1.71 million current US$ per square kilometre | — |
| 2011 | 1.86 million current US$ per square kilometre | +8.6% |
| 2012 | 1.95 million current US$ per square kilometre | +5.2% |
| 2013 | 2.06 million current US$ per square kilometre | +5.3% |
| 2014 | 2.10 million current US$ per square kilometre | +1.9% |
| 2015 | 2.02 million current US$ per square kilometre | -3.6% |
| 2016 | 2.03 million current US$ per square kilometre | +0.7% |
| 2017 | 2.08 million current US$ per square kilometre | +2.4% |
| 2018 | 2.30 million current US$ per square kilometre | +10.4% |
| 2019 | 2.45 million current US$ per square kilometre | +6.6% |
| 2020 | 2.47 million current US$ per square kilometre | +0.9% |
| 2021 | 2.72 million current US$ per square kilometre | +10.3% |
| 2022 | 2.87 million current US$ per square kilometre | +5.4% |
| 2023 | 2.92 million current US$ per square kilometre | +1.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 2.92 million current US$ per square kilometre is below the median for high income countries, which is 3.93 million current US$ per square kilometre, 74% of the median. (77 countries reporting)
- Faroe Islands's 2.92 million current US$ per square kilometre is above the median for Europe & Central Asia, which is 1.49 million current US$ per square kilometre, 2.0× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.06 million current US$ per square kilometre | 1.71 million current US$ per square kilometre | 2.45 million current US$ per square kilometre | 10 |
| 2020s | 2.75 million current US$ per square kilometre | 2.47 million current US$ per square kilometre | 2.92 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 49 Portugal 3.04 million current US$ per square kilometre compare
- 50 Brunei 3.00 million current US$ per square kilometre compare
- 51 United States 2.94 million current US$ per square kilometre compare
- 53 Saint Vincent and the Grenadines 2.65 million current US$ per square kilometre compare
- 54 Slovakia 2.56 million current US$ per square kilometre compare
- 55 Tuvalu 2.46 million current US$ per square kilometre compare
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 square kilometre in Faroe Islands?
- Gni, atlas method (current us$), per square kilometre in Faroe Islands was 2.92 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gni, atlas method (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.92 million current US$ per square kilometre in 2023.
- What is the lowest gni, atlas method (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 1.71 million current US$ per square kilometre in 2010.
- How does Faroe Islands rank for gni, atlas method (current us$), per square kilometre?
- Faroe Islands ranks 52nd out of 205 countries with data for 2023.
- Is gni, atlas method (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 41.7%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI, Atlas method (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, Atlas method (current US$) ÷ Land area (sq. km)
Computed from
- GNI, Atlas method Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI, Atlas method (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.