GNI: linked series (current LCU), per capita in Faroe Islands
Faroe Islands: GNI: linked series (current LCU), per capita was 520,046 current LCU per person in 2024. ▲ Rising
GNI: linked series (current LCU), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, gni: linked series (current lcu), per capita in Faroe Islands stood at 520,046 current LCU per person. That is the highest value across all 17 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: linked series (current lcu), per capita in Faroe Islands peaked at 520,046 current LCU per person in 2024 and was at its lowest, 246,583 current LCU per person, in 2009.
That places Faroe Islands 70th out of 207 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
GNI: linked series (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 2008 | 263,094 current LCU per person | — |
| 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. (76 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 |
|---|---|---|---|---|
| 2000s | 254,838 current LCU per person | 246,583 current LCU per person | 263,094 current LCU per person | 2 |
| 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
- 67 North Macedonia 545,721 current LCU per person compare
- 68 Vanuatu 533,632 current LCU per person compare
- 69 Denmark 523,385 current LCU per person compare
- 71 Hong Kong 488,901 current LCU per person compare
- 72 Niger 444,623 current LCU per person compare
- 73 Pakistan 435,957 current LCU per person compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (2024)
Frequently asked questions
- What is gni: linked series (current lcu), per capita in Faroe Islands?
- Gni: linked series (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: linked series (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: linked series (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 246,583 current LCU per person in 2009.
- How does Faroe Islands rank for gni: linked series (current lcu), per capita?
- Faroe Islands ranks 70th out of 207 countries with data for 2024.
- Is gni: linked series (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 rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI: linked series (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI: linked series (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: linked series (current LCU) ÷ Population, total
Computed from
- GNI: linked series Staff estimates, World Bank (WB)
- 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: linked series (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.