GNI, PPP (current international $), per capita in Faroe Islands
Faroe Islands: GNI, PPP (current international $), per capita was 83,477 current international $ per person in 2024. ▲ Rising
GNI, PPP (current international $), per capita in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current international $ per person.
Analysis
Faroe Islands recorded 83,477 current international $ per person for gni, ppp (current international $), per capita in 2024. That is the highest value across all 17 years on record.
The figure is up 3.9% on the previous year and up 51.5% over ten years.
Over the whole period, gni, ppp (current international $), per capita in Faroe Islands peaked at 83,477 current international $ per person in 2024 and was at its lowest, 38,443 current international $ per person, in 2009.
That places Faroe Islands 14th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
GNI, PPP (current international $), per capita in Faroe Islands, year by year
| Year | current international $ per person | Change |
|---|---|---|
| 2008 | 41,415 current international $ per person | — |
| 2009 | 38,443 current international $ per person | -7.2% |
| 2010 | 40,283 current international $ per person | +4.8% |
| 2011 | 44,408 current international $ per person | +10.2% |
| 2012 | 48,600 current international $ per person | +9.4% |
| 2013 | 52,500 current international $ per person | +8.0% |
| 2014 | 55,115 current international $ per person | +5.0% |
| 2015 | 55,138 current international $ per person | +0.0% |
| 2016 | 56,302 current international $ per person | +2.1% |
| 2017 | 58,314 current international $ per person | +3.6% |
| 2018 | 60,614 current international $ per person | +3.9% |
| 2019 | 64,009 current international $ per person | +5.6% |
| 2020 | 63,138 current international $ per person | -1.4% |
| 2021 | 70,786 current international $ per person | +12.1% |
| 2022 | 77,126 current international $ per person | +9.0% |
| 2023 | 80,354 current international $ per person | +4.2% |
| 2024 | 83,477 current international $ per person | +3.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 83,477 current international $ per person is above the median for high income countries, which is 58,920 current international $ per person, 1.4× the median. (73 countries reporting)
- Faroe Islands's 83,477 current international $ per person is above the median for Europe & Central Asia, which is 50,064 current international $ per person, 1.7× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39,929 current international $ per person | 38,443 current international $ per person | 41,415 current international $ per person | 2 |
| 2010s | 53,528 current international $ per person | 40,283 current international $ per person | 64,009 current international $ per person | 10 |
| 2020s | 74,976 current international $ per person | 63,138 current international $ per person | 83,477 current international $ per person | 5 |
Countries ranked near Faroe Islands
- 11 Hong Kong 88,496 current international $ per person compare
- 12 Netherlands 85,476 current international $ per person compare
- 13 Denmark 85,455 current international $ per person compare
- 15 Iceland 83,248 current international $ per person compare
- 16 United Arab Emirates 81,644 current international $ per person compare
- 17 Andorra 80,948 current international $ 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, ppp (current international $), per capita in Faroe Islands?
- Gni, ppp (current international $), per capita in Faroe Islands was 83,477 current international $ per person in 2024, according to Statizoid (derived).
- What is the highest gni, ppp (current international $), per capita recorded in Faroe Islands?
- The highest recorded value was 83,477 current international $ per person in 2024.
- What is the lowest gni, ppp (current international $), per capita recorded in Faroe Islands?
- The lowest recorded value was 38,443 current international $ per person in 2009.
- How does Faroe Islands rank for gni, ppp (current international $), per capita?
- Faroe Islands ranks 14th out of 203 countries with data for 2024.
- Is gni, ppp (current international $), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 51.5%. 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, PPP (current international $), per capita. Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI, PPP (current international $) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, PPP (current international $) ÷ Population, total
Computed from
- GNI, PPP International Comparison Program (ICP), 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, PPP (current international $) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.