GNI, PPP (current international $), per unit of GDP in Faroe Islands
Faroe Islands: GNI, PPP (current international $), per unit of GDP was 1.13 current international $ per US$ of GDP in 2024. ▲ Rising
GNI, PPP (current international $), per unit of GDP in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current international $ per US$ of GDP.
Analysis
Faroe Islands recorded 1.13 current international $ per US$ of GDP for gni, ppp (current international $), per unit of gdp in 2024.
The figure is up 1.5% on the previous year and up 22.9% over ten years.
Over the whole period, gni, ppp (current international $), per unit of gdp in Faroe Islands peaked at 1.15 current international $ per US$ of GDP in 2022 and was at its lowest, 0.8075 current international $ per US$ of GDP, in 2008.
Faroe Islands ranks 185th of 203 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
GNI, PPP (current international $), per unit of GDP in Faroe Islands, year by year
| Year | current international $ per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.8075 current international $ per US$ of GDP | — |
| 2009 | 0.8169 current international $ per US$ of GDP | +1.2% |
| 2010 | 0.8406 current international $ per US$ of GDP | +2.9% |
| 2011 | 0.8603 current international $ per US$ of GDP | +2.3% |
| 2012 | 0.9669 current international $ per US$ of GDP | +12.4% |
| 2013 | 0.9415 current international $ per US$ of GDP | -2.6% |
| 2014 | 0.9159 current international $ per US$ of GDP | -2.7% |
| 2015 | 1.05 current international $ per US$ of GDP | +14.4% |
| 2016 | 0.9899 current international $ per US$ of GDP | -5.5% |
| 2017 | 0.9819 current international $ per US$ of GDP | -0.8% |
| 2018 | 0.9694 current international $ per US$ of GDP | -1.3% |
| 2019 | 1.01 current international $ per US$ of GDP | +4.7% |
| 2020 | 1.01 current international $ per US$ of GDP | -0.1% |
| 2021 | 1.02 current international $ per US$ of GDP | +0.5% |
| 2022 | 1.15 current international $ per US$ of GDP | +12.8% |
| 2023 | 1.11 current international $ per US$ of GDP | -3.6% |
| 2024 | 1.13 current international $ per US$ of GDP | +1.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 1.13 current international $ per US$ of GDP is below the median for high income countries, which is 1.44 current international $ per US$ of GDP, 78% of the median. (73 countries reporting)
- Faroe Islands's 1.13 current international $ per US$ of GDP is below the median for Europe & Central Asia, which is 1.67 current international $ per US$ of GDP, 67% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8122 current international $ per US$ of GDP | 0.8075 current international $ per US$ of GDP | 0.8169 current international $ per US$ of GDP | 2 |
| 2010s | 0.9529 current international $ per US$ of GDP | 0.8406 current international $ per US$ of GDP | 1.05 current international $ per US$ of GDP | 10 |
| 2020s | 1.08 current international $ per US$ of GDP | 1.01 current international $ per US$ of GDP | 1.15 current international $ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 182 Netherlands 1.16 current international $ per US$ of GDP compare
- 183 Micronesia (country) 1.15 current international $ per US$ of GDP compare
- 184 Norway 1.14 current international $ per US$ of GDP compare
- 186 United Kingdom 1.11 current international $ per US$ of GDP compare
- 187 Denmark 1.11 current international $ per US$ of GDP compare
- 188 New Zealand 1.08 current international $ per US$ of GDP compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gni, ppp (current international $), per unit of gdp in Faroe Islands?
- Gni, ppp (current international $), per unit of gdp in Faroe Islands was 1.13 current international $ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gni, ppp (current international $), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1.15 current international $ per US$ of GDP in 2022.
- What is the lowest gni, ppp (current international $), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.8075 current international $ per US$ of GDP in 2008.
- How does Faroe Islands rank for gni, ppp (current international $), per unit of gdp?
- Faroe Islands ranks 185th out of 203 countries with data for 2024.
- Is gni, ppp (current international $), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 22.9%. 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 unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GNI, PPP (current international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, PPP (current international $) ÷ GDP (current US$)
Computed from
- GNI, PPP International Comparison Program (ICP), World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.