Gross capital formation (current LCU), per capita in Faroe Islands
Faroe Islands: Gross capital formation (current LCU), per capita was 144,061 current LCU per person in 2024. ▲ Rising
Gross capital formation (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, gross capital formation (current lcu), per capita in Faroe Islands stood at 144,061 current LCU per person.
That represents a change of down 8.1% on the previous year and up 96.1% over ten years.
Over the whole period, gross capital formation (current lcu), per capita in Faroe Islands peaked at 156,710 current LCU per person in 2023 and was at its lowest, 36,652 current LCU per person, in 1998.
Faroe Islands ranks 54th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Gross capital formation (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 36,652 current LCU per person | — |
| 1999 | 41,233 current LCU per person | +12.5% |
| 2000 | 58,098 current LCU per person | +40.9% |
| 2001 | 54,088 current LCU per person | -6.9% |
| 2002 | 49,536 current LCU per person | -8.4% |
| 2003 | 64,698 current LCU per person | +30.6% |
| 2004 | 43,215 current LCU per person | -33.2% |
| 2005 | 48,045 current LCU per person | +11.2% |
| 2006 | 71,178 current LCU per person | +48.1% |
| 2007 | 84,609 current LCU per person | +18.9% |
| 2008 | 68,418 current LCU per person | -19.1% |
| 2009 | 44,247 current LCU per person | -35.3% |
| 2010 | 52,614 current LCU per person | +18.9% |
| 2011 | 45,056 current LCU per person | -14.4% |
| 2012 | 76,448 current LCU per person | +69.7% |
| 2013 | 67,630 current LCU per person | -11.5% |
| 2014 | 73,482 current LCU per person | +8.7% |
| 2015 | 84,881 current LCU per person | +15.5% |
| 2016 | 84,859 current LCU per person | -0.0% |
| 2017 | 91,995 current LCU per person | +8.4% |
| 2018 | 117,307 current LCU per person | +27.5% |
| 2019 | 116,156 current LCU per person | -1.0% |
| 2020 | 115,078 current LCU per person | -0.9% |
| 2021 | 125,991 current LCU per person | +9.5% |
| 2022 | 153,405 current LCU per person | +21.8% |
| 2023 | 156,710 current LCU per person | +2.2% |
| 2024 | 144,061 current LCU per person | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38,943 current LCU per person | 36,652 current LCU per person | 41,233 current LCU per person | 2 |
| 2000s | 58,613 current LCU per person | 43,215 current LCU per person | 84,609 current LCU per person | 10 |
| 2010s | 81,043 current LCU per person | 45,056 current LCU per person | 117,307 current LCU per person | 10 |
| 2020s | 139,049 current LCU per person | 115,078 current LCU per person | 156,710 current LCU per person | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
Frequently asked questions
- What is gross capital formation (current lcu), per capita in Faroe Islands?
- Gross capital formation (current lcu), per capita in Faroe Islands was 144,061 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 156,710 current LCU per person in 2023.
- What is the lowest gross capital formation (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 36,652 current LCU per person in 1998.
- How does Faroe Islands rank for gross capital formation (current lcu), per capita?
- Faroe Islands ranks 54th out of 187 countries with data for 2024.
- Is gross capital formation (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 96.1%. 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 Gross capital formation (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (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.
Gross capital formation (current LCU) ÷ Population, total
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Gross capital formation (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.