Gross capital formation (current US$), per square kilometre in Faroe Islands
Faroe Islands: Gross capital formation (current US$), per square kilometre was 903,146 current US$ per square kilometre in 2023. ▲ Rising
Gross capital formation (current US$), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for gross capital formation (current us$), per square kilometre in Faroe Islands is 903,146 current US$ per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
The figure is up 5.9% on the previous year and up 117.0% over ten years.
Over the whole period, gross capital formation (current us$), per square kilometre in Faroe Islands peaked at 903,146 current US$ per square kilometre in 2023 and was at its lowest, 175,042 current US$ per square kilometre, in 1998.
Faroe Islands ranks 34th of 184 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Gross capital formation (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 175,042 current US$ per square kilometre | — |
| 1999 | 191,142 current US$ per square kilometre | +9.2% |
| 2000 | 235,571 current US$ per square kilometre | +23.2% |
| 2001 | 217,099 current US$ per square kilometre | -7.8% |
| 2002 | 212,757 current US$ per square kilometre | -2.0% |
| 2003 | 337,915 current US$ per square kilometre | +58.8% |
| 2004 | 250,003 current US$ per square kilometre | -26.0% |
| 2005 | 277,531 current US$ per square kilometre | +11.0% |
| 2006 | 414,421 current US$ per square kilometre | +49.3% |
| 2007 | 538,621 current US$ per square kilometre | +30.0% |
| 2008 | 466,700 current US$ per square kilometre | -13.4% |
| 2009 | 288,464 current US$ per square kilometre | -38.2% |
| 2010 | 326,064 current US$ per square kilometre | +13.0% |
| 2011 | 291,819 current US$ per square kilometre | -10.5% |
| 2012 | 456,538 current US$ per square kilometre | +56.4% |
| 2013 | 416,154 current US$ per square kilometre | -8.8% |
| 2014 | 454,180 current US$ per square kilometre | +9.1% |
| 2015 | 441,911 current US$ per square kilometre | -2.7% |
| 2016 | 446,652 current US$ per square kilometre | +1.1% |
| 2017 | 500,801 current US$ per square kilometre | +12.1% |
| 2018 | 678,634 current US$ per square kilometre | +35.5% |
| 2019 | 646,117 current US$ per square kilometre | -4.8% |
| 2020 | 676,836 current US$ per square kilometre | +4.8% |
| 2021 | 779,511 current US$ per square kilometre | +15.2% |
| 2022 | 852,971 current US$ per square kilometre | +9.4% |
| 2023 | 903,146 current US$ per square kilometre | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 183,092 current US$ per square kilometre | 175,042 current US$ per square kilometre | 191,142 current US$ per square kilometre | 2 |
| 2000s | 323,908 current US$ per square kilometre | 212,757 current US$ per square kilometre | 538,621 current US$ per square kilometre | 10 |
| 2010s | 465,887 current US$ per square kilometre | 291,819 current US$ per square kilometre | 678,634 current US$ per square kilometre | 10 |
| 2020s | 803,116 current US$ per square kilometre | 676,836 current US$ per square kilometre | 903,146 current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 31 Seychelles 1.15 million current US$ per square kilometre compare
- 32 Bangladesh 1.04 million current US$ per square kilometre compare
- 33 Trinidad and Tobago 926,598 current US$ per square kilometre compare
- 35 Brunei Darussalam 848,653 current US$ per square kilometre compare
- 36 Cyprus 815,113 current US$ per square kilometre compare
- 37 China 800,423 current US$ per square kilometre compare
More economy & growth data for Faroe Islands
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation (current us$), per square kilometre in Faroe Islands?
- Gross capital formation (current us$), per square kilometre in Faroe Islands was 903,146 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 903,146 current US$ per square kilometre in 2023.
- What is the lowest gross capital formation (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 175,042 current US$ per square kilometre in 1998.
- How does Faroe Islands rank for gross capital formation (current us$), per square kilometre?
- Faroe Islands ranks 34th out of 184 countries with data for 2023.
- Is gross capital formation (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 117.0%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current US$) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.