GNI per capita in Faroe Islands
Faroe Islands: GNI per capita was 68,236 US$ in 2020. ▲ Rising
GNI per capita in Faroe Islands, 1998–2020
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in US$.
Analysis
In 2020, gni per capita in Faroe Islands stood at 68,236 US$.
Compared with earlier readings it is down 2.4% on the previous year and up 38.7% over ten years.
Over the whole period, gni per capita in Faroe Islands peaked at 69,915 US$ in 2019 and was at its lowest, 23,733 US$, in 2000.
Faroe Islands ranks 7th of 203 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25,102 US$ | 24,910 US$ | 25,294 US$ | 2 |
| 2000s | 37,813 US$ | 23,733 US$ | 52,357 US$ | 10 |
| 2010s | 59,505 US$ | 49,212 US$ | 69,915 US$ | 10 |
| 2020s | 68,236 US$ | 68,236 US$ | 68,236 US$ | 1 |
Countries ranked near Faroe Islands
- 4 Isle of Man 82,380 US$ compare
- 5 Luxembourg 82,174 US$ compare
- 6 Norway 70,026 US$ compare
- 8 Ireland 65,003 US$ compare
- 9 United States 64,213 US$ compare
- 10 Cayman Islands 63,316 US$ compare
More economy & growth data for Faroe Islands
- External balance on goods and services 938.80 million current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- Imports of goods and services 14.31 billion current LCU (2024)
- Imports of goods and services 51.2% (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- Trade 105.8% (2024)
- Manufacturing, value added 383.50 million current US$ (2024)
- Agriculture, forestry, and fishing, value added 4.49 billion current LCU (2024)
- Gross capital formation 7.87 billion current LCU (2024)
Frequently asked questions
- What is gni per capita in Faroe Islands?
- Gni per capita in Faroe Islands was 68,236 US$ in 2020, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest gni per capita recorded in Faroe Islands?
- The highest recorded value was 69,915 US$ in 2019.
- What is the lowest gni per capita recorded in Faroe Islands?
- The lowest recorded value was 23,733 US$ in 2000.
- How does Faroe Islands rank for gni per capita?
- Faroe Islands ranks 7th out of 203 countries with data for 2020.
- Is gni per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 38.7%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of GNI per capita (US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.