Gross capital formation (current US$), per capita in Faroe Islands
Faroe Islands: Gross capital formation (current US$), per capita was 20,895 current US$ per person in 2024. ▲ Rising
Gross capital formation (current US$), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for gross capital formation (current us$), per capita in Faroe Islands is 20,895 current US$ per person, measured in 2024.
Compared with earlier readings it is down 8.1% on the previous year and up 59.6% over ten years.
Over the whole period, gross capital formation (current us$), per capita in Faroe Islands peaked at 22,746 current US$ per person in 2023 and was at its lowest, 5,470 current US$ per person, in 1998.
Faroe Islands ranks 9th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Gross capital formation (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 5,470 current US$ per person | — |
| 1999 | 5,910 current US$ per person | +8.1% |
| 2000 | 7,188 current US$ per person | +21.6% |
| 2001 | 6,499 current US$ per person | -9.6% |
| 2002 | 6,275 current US$ per person | -3.4% |
| 2003 | 9,821 current US$ per person | +56.5% |
| 2004 | 7,213 current US$ per person | -26.6% |
| 2005 | 8,012 current US$ per person | +11.1% |
| 2006 | 11,969 current US$ per person | +49.4% |
| 2007 | 15,542 current US$ per person | +29.9% |
| 2008 | 13,420 current US$ per person | -13.7% |
| 2009 | 8,254 current US$ per person | -38.5% |
| 2010 | 9,355 current US$ per person | +13.3% |
| 2011 | 8,392 current US$ per person | -10.3% |
| 2012 | 13,198 current US$ per person | +57.3% |
| 2013 | 12,042 current US$ per person | -8.8% |
| 2014 | 13,093 current US$ per person | +8.7% |
| 2015 | 12,616 current US$ per person | -3.6% |
| 2016 | 12,606 current US$ per person | -0.1% |
| 2017 | 13,932 current US$ per person | +10.5% |
| 2018 | 18,577 current US$ per person | +33.3% |
| 2019 | 17,416 current US$ per person | -6.2% |
| 2020 | 17,590 current US$ per person | +1.0% |
| 2021 | 20,040 current US$ per person | +13.9% |
| 2022 | 21,679 current US$ per person | +8.2% |
| 2023 | 22,746 current US$ per person | +4.9% |
| 2024 | 20,895 current US$ per person | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,690 current US$ per person | 5,470 current US$ per person | 5,910 current US$ per person | 2 |
| 2000s | 9,419 current US$ per person | 6,275 current US$ per person | 15,542 current US$ per person | 10 |
| 2010s | 13,123 current US$ per person | 8,392 current US$ per person | 18,577 current US$ per person | 10 |
| 2020s | 20,590 current US$ per person | 17,590 current US$ per person | 22,746 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 6 Singapore 22,220 current US$ per person compare
- 7 Norway 21,958 current US$ per person compare
- 8 Greenland 21,057 current US$ per person compare
- 10 United States of America 18,554 current US$ per person compare
- 11 Denmark 17,028 current US$ per person compare
- 12 Sweden 16,078 current US$ per person compare
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 us$), per capita in Faroe Islands?
- Gross capital formation (current us$), per capita in Faroe Islands was 20,895 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 22,746 current US$ per person in 2023.
- What is the lowest gross capital formation (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 5,470 current US$ per person in 1998.
- How does Faroe Islands rank for gross capital formation (current us$), per capita?
- Faroe Islands ranks 9th out of 187 countries with data for 2024.
- Is gross capital formation (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 59.6%. 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 Gross capital formation (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (current US$) 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 US$) ÷ Population, total
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.