GNI (current US$), per square kilometre in Faroe Islands
Faroe Islands: GNI (current US$), per square kilometre was 2.90 million current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
2.90 million current US$ per square kilometre
Change on year
up 7.2%
World rank
52nd
of 206 countries
All-time high
2.90 million current US$ per square kilometre
in 2023
All-time low
37,356 current US$ per square kilometre
in 1965
Years of data
49
1965–2023
GNI (current US$), per square kilometre in Faroe Islands, 1965–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, gni (current us$), per square kilometre in Faroe Islands stood at 2.90 million current US$ per square kilometre. That is the highest value across all 49 years on record.
The figure is up 7.2% on the previous year and up 42.6% over ten years.
Over the whole period, gni (current us$), per square kilometre in Faroe Islands peaked at 2.90 million current US$ per square kilometre in 2023 and was at its lowest, 37,356 current US$ per square kilometre, in 1965.
Faroe Islands ranks 52nd of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GNI (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1965 | 37,356 current US$ per square kilometre | — |
| 1966 | 41,608 current US$ per square kilometre | +11.4% |
| 1967 | 42,826 current US$ per square kilometre | +2.9% |
| 1968 | 42,158 current US$ per square kilometre | -1.6% |
| 1969 | 44,804 current US$ per square kilometre | +6.3% |
| 1970 | 54,499 current US$ per square kilometre | +21.6% |
| 1971 | 63,618 current US$ per square kilometre | +16.7% |
| 1972 | 76,846 current US$ per square kilometre | +20.8% |
| 1973 | 103,279 current US$ per square kilometre | +34.4% |
| 1974 | 127,943 current US$ per square kilometre | +23.9% |
| 1975 | 148,499 current US$ per square kilometre | +16.1% |
| 1976 | 173,507 current US$ per square kilometre | +16.8% |
| 1977 | 222,446 current US$ per square kilometre | +28.2% |
| 1978 | 253,650 current US$ per square kilometre | +14.0% |
| 1979 | 283,607 current US$ per square kilometre | +11.8% |
| 1980 | 314,447 current US$ per square kilometre | +10.9% |
| 1981 | 284,286 current US$ per square kilometre | -9.6% |
| 1982 | 283,268 current US$ per square kilometre | -0.4% |
| 1983 | 312,148 current US$ per square kilometre | +10.2% |
| 1984 | 295,135 current US$ per square kilometre | -5.5% |
| 1985 | 315,496 current US$ per square kilometre | +6.9% |
| 1986 | 461,354 current US$ per square kilometre | +46.2% |
| 1987 | 589,062 current US$ per square kilometre | +27.7% |
| 1998 | 815,895 current US$ per square kilometre | +38.5% |
| 1999 | 838,460 current US$ per square kilometre | +2.8% |
| 2000 | 793,746 current US$ per square kilometre | -5.3% |
| 2001 | 853,073 current US$ per square kilometre | +7.5% |
| 2002 | 942,063 current US$ per square kilometre | +10.4% |
| 2003 | 1.12 million current US$ per square kilometre | +18.4% |
| 2004 | 1.28 million current US$ per square kilometre | +15.0% |
| 2005 | 1.30 million current US$ per square kilometre | +1.7% |
| 2006 | 1.49 million current US$ per square kilometre | +14.5% |
| 2007 | 1.72 million current US$ per square kilometre | +15.5% |
| 2008 | 1.79 million current US$ per square kilometre | +4.0% |
| 2009 | 1.61 million current US$ per square kilometre | -10.4% |
| 2010 | 1.69 million current US$ per square kilometre | +5.3% |
| 2011 | 1.89 million current US$ per square kilometre | +11.8% |
| 2012 | 1.83 million current US$ per square kilometre | -3.3% |
| 2013 | 2.03 million current US$ per square kilometre | +11.1% |
| 2014 | 2.16 million current US$ per square kilometre | +6.4% |
| 2015 | 1.89 million current US$ per square kilometre | -12.4% |
| 2016 | 2.09 million current US$ per square kilometre | +10.3% |
| 2017 | 2.21 million current US$ per square kilometre | +5.6% |
| 2018 | 2.35 million current US$ per square kilometre | +6.5% |
| 2019 | 2.41 million current US$ per square kilometre | +2.5% |
| 2020 | 2.45 million current US$ per square kilometre | +1.9% |
| 2021 | 2.79 million current US$ per square kilometre | +13.9% |
| 2022 | 2.70 million current US$ per square kilometre | -3.2% |
| 2023 | 2.90 million current US$ per square kilometre | +7.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 2.90 million current US$ per square kilometre is below the median for high income countries, which is 3.70 million current US$ per square kilometre, 78% of the median. (78 countries reporting)
- Faroe Islands's 2.90 million current US$ per square kilometre is above the median for Europe & Central Asia, which is 1.48 million current US$ per square kilometre, 2.0× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 41,751 current US$ per square kilometre | 37,356 current US$ per square kilometre | 44,804 current US$ per square kilometre | 5 |
| 1970s | 150,789 current US$ per square kilometre | 54,499 current US$ per square kilometre | 283,607 current US$ per square kilometre | 10 |
| 1980s | 356,900 current US$ per square kilometre | 283,268 current US$ per square kilometre | 589,062 current US$ per square kilometre | 8 |
| 1990s | 827,178 current US$ per square kilometre | 815,895 current US$ per square kilometre | 838,460 current US$ per square kilometre | 2 |
| 2000s | 1.29 million current US$ per square kilometre | 793,746 current US$ per square kilometre | 1.79 million current US$ per square kilometre | 10 |
| 2010s | 2.06 million current US$ per square kilometre | 1.69 million current US$ per square kilometre | 2.41 million current US$ per square kilometre | 10 |
| 2020s | 2.71 million current US$ per square kilometre | 2.45 million current US$ per square kilometre | 2.90 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 49 Portugal 3.11 million current US$ per square kilometre compare
- 50 United States 3.01 million current US$ per square kilometre compare
- 51 Brunei 2.90 million current US$ per square kilometre compare
- 53 Saint Vincent and the Grenadines 2.71 million current US$ per square kilometre compare
- 54 Slovakia 2.68 million current US$ per square kilometre compare
- 55 Poland 2.54 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$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gni (current us$), per square kilometre in Faroe Islands?
- Gni (current us$), per square kilometre in Faroe Islands was 2.90 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gni (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.90 million current US$ per square kilometre in 2023.
- What is the lowest gni (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 37,356 current US$ per square kilometre in 1965.
- How does Faroe Islands rank for gni (current us$), per square kilometre?
- Faroe Islands ranks 52nd out of 206 countries with data for 2023.
- Is gni (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 42.6%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (current US$) ÷ Land area (sq. km)
Computed from
- GNI Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI (current US$) 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.