GNI, Atlas method (current US$), per unit of GDP in Faroe Islands
Faroe Islands: GNI, Atlas method (current US$), per unit of GDP was 0.9858 current US$ per US$ of GDP in 2024. ▬ Flat
GNI, Atlas method (current US$), per unit of GDP in Faroe Islands, 2010–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.9858 current US$ per US$ of GDP for gni, atlas method (current us$), per unit of gdp in 2024.
The figure is down 2.7% on the previous year and down 1.8% over ten years.
Over the whole period, gni, atlas method (current us$), per unit of gdp in Faroe Islands peaked at 1.12 current US$ per US$ of GDP in 2012 and was at its lowest, 0.9753 current US$ per US$ of GDP, in 2017.
Faroe Islands ranks 55th of 207 countries on this measure, in the middle of the range.
GNI, Atlas method (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2010 | 1.02 current US$ per US$ of GDP | — |
| 2011 | 1.03 current US$ per US$ of GDP | +1.1% |
| 2012 | 1.12 current US$ per US$ of GDP | +8.6% |
| 2013 | 1.07 current US$ per US$ of GDP | -5.0% |
| 2014 | 1 current US$ per US$ of GDP | -5.9% |
| 2015 | 1.1 current US$ per US$ of GDP | +9.1% |
| 2016 | 1.01 current US$ per US$ of GDP | -7.9% |
| 2017 | 0.9753 current US$ per US$ of GDP | -3.4% |
| 2018 | 1.01 current US$ per US$ of GDP | +3.2% |
| 2019 | 1.05 current US$ per US$ of GDP | +4.0% |
| 2020 | 1.03 current US$ per US$ of GDP | -1.5% |
| 2021 | 1.01 current US$ per US$ of GDP | -2.2% |
| 2022 | 1.09 current US$ per US$ of GDP | +7.8% |
| 2023 | 1.01 current US$ per US$ of GDP | -6.9% |
| 2024 | 0.9858 current US$ per US$ of GDP | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.04 current US$ per US$ of GDP | 0.9753 current US$ per US$ of GDP | 1.12 current US$ per US$ of GDP | 10 |
| 2020s | 1.03 current US$ per US$ of GDP | 0.9858 current US$ per US$ of GDP | 1.09 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 52 Mexico 0.9885 current US$ per US$ of GDP compare
- 53 Seychelles 0.9872 current US$ per US$ of GDP compare
- 54 United States of America 0.9864 current US$ per US$ of GDP compare
- 56 Brazil 0.9849 current US$ per US$ of GDP compare
- 57 Australia 0.9845 current US$ per US$ of GDP compare
- 58 Finland 0.984 current US$ per US$ of GDP compare
More economy & growth data for Faroe Islands
- GNI per capita 520,046 current LCU (2024)
- Taxes less subsidies on products 3.30 billion current LCU (2024)
- Taxes less subsidies on products 478.54 million current US$ (2024)
- Net primary income (Net income from abroad) 472.40 million current LCU (2024)
- Net primary income (Net income from abroad) 68.52 million current US$ (2024)
- GNI 28.42 billion current LCU (2024)
- GNI, Atlas method 4.00 billion current US$ (2024)
- GNI 4.12 billion current US$ (2024)
- Trade in services 24.0% (2011)
- GNI per capita, Atlas method 73,120 current US$ (2024)
Frequently asked questions
- What is gni, atlas method (current us$), per unit of gdp in Faroe Islands?
- Gni, atlas method (current us$), per unit of gdp in Faroe Islands was 0.9858 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gni, atlas method (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1.12 current US$ per US$ of GDP in 2012.
- What is the lowest gni, atlas method (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.9753 current US$ per US$ of GDP in 2017.
- How does Faroe Islands rank for gni, atlas method (current us$), per unit of gdp?
- Faroe Islands ranks 55th out of 207 countries with data for 2024.
- Is gni, atlas method (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is flat.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI, Atlas method (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GNI, Atlas method (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, Atlas method (current US$) ÷ GDP (current US$)
Computed from
- GNI, Atlas method Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI, Atlas method (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.