GNI (current LCU), per capita (Country official) in Faroe Islands
Faroe Islands: GNI (current LCU), per capita was 520,046 current LCU per person in 2024. ◆ Volatile
Latest (2024)
520,046 current LCU per person
Change on year
up 3.4%
World rank
71st
of 208 countries
All-time high
520,046 current LCU per person
in 2024
All-time low
5,699 current LCU per person
in 1960
Years of data
55
1960–2024
GNI (current LCU), per capita in Faroe Islands, 1960–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for gni (current lcu), per capita in Faroe Islands is 520,046 current LCU per person, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 48.6% over ten years.
Over the whole period, gni (current lcu), per capita in Faroe Islands peaked at 520,046 current LCU per person in 2024 and was at its lowest, 5,699 current LCU per person, in 1960.
That places Faroe Islands 71st out of 208 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GNI (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1960 | 5,699 current LCU per person | — |
| 1961 | 6,253 current LCU per person | +9.7% |
| 1962 | 6,716 current LCU per person | +7.4% |
| 1963 | 7,926 current LCU per person | +18.0% |
| 1964 | 8,893 current LCU per person | +12.2% |
| 1965 | 9,910 current LCU per person | +11.4% |
| 1966 | 10,897 current LCU per person | +10.0% |
| 1967 | 11,180 current LCU per person | +2.6% |
| 1968 | 11,752 current LCU per person | +5.1% |
| 1969 | 12,375 current LCU per person | +5.3% |
| 1970 | 14,910 current LCU per person | +20.5% |
| 1971 | 17,019 current LCU per person | +14.1% |
| 1972 | 19,032 current LCU per person | +11.8% |
| 1973 | 22,005 current LCU per person | +15.6% |
| 1974 | 27,143 current LCU per person | +23.3% |
| 1975 | 29,363 current LCU per person | +8.2% |
| 1976 | 35,695 current LCU per person | +21.6% |
| 1977 | 44,955 current LCU per person | +25.9% |
| 1978 | 46,528 current LCU per person | +3.5% |
| 1979 | 48,985 current LCU per person | +5.3% |
| 1980 | 57,439 current LCU per person | +17.3% |
| 1981 | 64,801 current LCU per person | +12.8% |
| 1982 | 74,596 current LCU per person | +15.1% |
| 1983 | 89,210 current LCU per person | +19.6% |
| 1984 | 94,526 current LCU per person | +6.0% |
| 1985 | 102,102 current LCU per person | +8.0% |
| 1986 | 112,958 current LCU per person | +10.6% |
| 1987 | 120,445 current LCU per person | +6.6% |
| 1998 | 170,842 current LCU per person | +41.8% |
| 1999 | 180,871 current LCU per person | +5.9% |
| 2000 | 195,758 current LCU per person | +8.2% |
| 2001 | 212,536 current LCU per person | +8.6% |
| 2002 | 219,341 current LCU per person | +3.2% |
| 2003 | 213,528 current LCU per person | -2.7% |
| 2004 | 221,716 current LCU per person | +3.8% |
| 2005 | 225,770 current LCU per person | +1.8% |
| 2006 | 256,530 current LCU per person | +13.6% |
| 2007 | 270,937 current LCU per person | +5.6% |
| 2008 | 263,094 current LCU per person | -2.9% |
| 2009 | 246,583 current LCU per person | -6.3% |
| 2010 | 273,025 current LCU per person | +10.7% |
| 2011 | 292,089 current LCU per person | +7.0% |
| 2012 | 306,289 current LCU per person | +4.9% |
| 2013 | 330,260 current LCU per person | +7.8% |
| 2014 | 349,879 current LCU per person | +5.9% |
| 2015 | 363,731 current LCU per person | +4.0% |
| 2016 | 396,848 current LCU per person | +9.1% |
| 2017 | 405,317 current LCU per person | +2.1% |
| 2018 | 406,092 current LCU per person | +0.2% |
| 2019 | 432,699 current LCU per person | +6.6% |
| 2020 | 417,030 current LCU per person | -3.6% |
| 2021 | 451,466 current LCU per person | +8.3% |
| 2022 | 486,322 current LCU per person | +7.7% |
| 2023 | 502,976 current LCU per person | +3.4% |
| 2024 | 520,046 current LCU per person | +3.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 520,046 current LCU per person is above the median for high income countries, which is 69,968 current LCU per person, 7.4× the median. (78 countries reporting)
- Faroe Islands's 520,046 current LCU per person is above the median for Europe & Central Asia, which is 55,857 current LCU per person, 9.3× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9,160 current LCU per person | 5,699 current LCU per person | 12,375 current LCU per person | 10 |
| 1970s | 30,564 current LCU per person | 14,910 current LCU per person | 48,985 current LCU per person | 10 |
| 1980s | 89,510 current LCU per person | 57,439 current LCU per person | 120,445 current LCU per person | 8 |
| 1990s | 175,856 current LCU per person | 170,842 current LCU per person | 180,871 current LCU per person | 2 |
| 2000s | 232,579 current LCU per person | 195,758 current LCU per person | 270,937 current LCU per person | 10 |
| 2010s | 355,623 current LCU per person | 273,025 current LCU per person | 432,699 current LCU per person | 10 |
| 2020s | 475,568 current LCU per person | 417,030 current LCU per person | 520,046 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 68 North Macedonia 545,721 current LCU per person compare
- 69 Vanuatu 533,632 current LCU per person compare
- 70 Denmark 523,385 current LCU per person compare
- 72 Hong Kong 488,901 current LCU per person compare
- 73 Niger 444,623 current LCU per person compare
- 74 Pakistan 435,957 current LCU per person 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 (current lcu), per capita in Faroe Islands?
- Gni (current lcu), per capita in Faroe Islands was 520,046 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gni (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 520,046 current LCU per person in 2024.
- What is the lowest gni (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 5,699 current LCU per person in 1960.
- How does Faroe Islands rank for gni (current lcu), per capita?
- Faroe Islands ranks 71st out of 208 countries with data for 2024.
- Is gni (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 48.6%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (current LCU) ÷ Population, total
Computed from
- GNI 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 (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.