GNI (current US$), per capita in Faroe Islands
Faroe Islands: GNI (current US$), per capita was 75,429 current US$ per person in 2024. ◆ Volatile
GNI (current US$), per capita in Faroe Islands, 1965–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2024, gni (current us$), per capita in Faroe Islands stood at 75,429 current US$ per person. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 21.0% over ten years.
Over the whole period, gni (current us$), per capita in Faroe Islands peaked at 75,429 current US$ per person in 2024 and was at its lowest, 1,435 current US$ per person, in 1965.
That places Faroe Islands 13th out of 208 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GNI (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1965 | 1,435 current US$ per person | — |
| 1966 | 1,578 current US$ per person | +10.0% |
| 1967 | 1,607 current US$ per person | +1.9% |
| 1968 | 1,567 current US$ per person | -2.5% |
| 1969 | 1,650 current US$ per person | +5.3% |
| 1970 | 1,988 current US$ per person | +20.5% |
| 1971 | 2,295 current US$ per person | +15.4% |
| 1972 | 2,739 current US$ per person | +19.3% |
| 1973 | 3,638 current US$ per person | +32.8% |
| 1974 | 4,453 current US$ per person | +22.4% |
| 1975 | 5,110 current US$ per person | +14.7% |
| 1976 | 5,905 current US$ per person | +15.6% |
| 1977 | 7,489 current US$ per person | +26.8% |
| 1978 | 8,437 current US$ per person | +12.7% |
| 1979 | 9,311 current US$ per person | +10.4% |
| 1980 | 10,192 current US$ per person | +9.5% |
| 1981 | 9,097 current US$ per person | -10.7% |
| 1982 | 8,953 current US$ per person | -1.6% |
| 1983 | 9,755 current US$ per person | +9.0% |
| 1984 | 9,127 current US$ per person | -6.4% |
| 1985 | 9,636 current US$ per person | +5.6% |
| 1986 | 13,961 current US$ per person | +44.9% |
| 1987 | 17,608 current US$ per person | +26.1% |
| 1998 | 25,496 current US$ per person | +44.8% |
| 1999 | 25,927 current US$ per person | +1.7% |
| 2000 | 24,218 current US$ per person | -6.6% |
| 2001 | 25,536 current US$ per person | +5.4% |
| 2002 | 27,783 current US$ per person | +8.8% |
| 2003 | 32,413 current US$ per person | +16.7% |
| 2004 | 37,008 current US$ per person | +14.2% |
| 2005 | 37,648 current US$ per person | +1.7% |
| 2006 | 43,138 current US$ per person | +14.6% |
| 2007 | 49,771 current US$ per person | +15.4% |
| 2008 | 51,606 current US$ per person | +3.7% |
| 2009 | 45,997 current US$ per person | -10.9% |
| 2010 | 48,546 current US$ per person | +5.5% |
| 2011 | 54,406 current US$ per person | +12.1% |
| 2012 | 52,877 current US$ per person | -2.8% |
| 2013 | 58,804 current US$ per person | +11.2% |
| 2014 | 62,340 current US$ per person | +6.0% |
| 2015 | 54,063 current US$ per person | -13.3% |
| 2016 | 58,952 current US$ per person | +9.0% |
| 2017 | 61,385 current US$ per person | +4.1% |
| 2018 | 64,310 current US$ per person | +4.8% |
| 2019 | 64,878 current US$ per person | +0.9% |
| 2020 | 63,745 current US$ per person | -1.7% |
| 2021 | 71,808 current US$ per person | +12.6% |
| 2022 | 68,727 current US$ per person | -4.3% |
| 2023 | 73,004 current US$ per person | +6.2% |
| 2024 | 75,429 current US$ per person | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1,567 current US$ per person | 1,435 current US$ per person | 1,650 current US$ per person | 5 |
| 1970s | 5,136 current US$ per person | 1,988 current US$ per person | 9,311 current US$ per person | 10 |
| 1980s | 11,041 current US$ per person | 8,953 current US$ per person | 17,608 current US$ per person | 8 |
| 1990s | 25,711 current US$ per person | 25,496 current US$ per person | 25,927 current US$ per person | 2 |
| 2000s | 37,512 current US$ per person | 24,218 current US$ per person | 51,606 current US$ per person | 10 |
| 2010s | 58,056 current US$ per person | 48,546 current US$ per person | 64,878 current US$ per person | 10 |
| 2020s | 70,543 current US$ per person | 63,745 current US$ per person | 75,429 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 10 Cayman Islands 84,238 current US$ per person compare
- 11 Singapore 82,118 current US$ per person compare
- 12 Denmark 79,039 current US$ per person compare
- 14 Netherlands 72,128 current US$ per person compare
- 15 Macau, China 71,145 current US$ per person compare
- 16 Qatar 71,065 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 (current us$), per capita in Faroe Islands?
- Gni (current us$), per capita in Faroe Islands was 75,429 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest gni (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 75,429 current US$ per person in 2024.
- What is the lowest gni (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 1,435 current US$ per person in 1965.
- How does Faroe Islands rank for gni (current us$), per capita?
- Faroe Islands ranks 13th out of 208 countries with data for 2024.
- Is gni (current us$), 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 volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI (current US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (current US$) ÷ Population, total
Computed from
- GNI Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.