Gross national expenditure (current LCU), per capita in Faroe Islands
Faroe Islands: Gross national expenditure (current LCU), per capita was 494,217 current LCU per person in 2024. ▲ Rising
Gross national expenditure (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, gross national expenditure (current lcu), per capita in Faroe Islands stood at 494,217 current LCU per person. That is the highest value across all 27 years on record.
The figure is up 47.3% over ten years.
Over the whole period, gross national expenditure (current lcu), per capita in Faroe Islands peaked at 494,217 current LCU per person in 2024 and was at its lowest, 162,905 current LCU per person, in 1998.
That places Faroe Islands 63rd out of 186 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Gross national expenditure (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 162,905 current LCU per person | — |
| 1999 | 179,429 current LCU per person | +10.1% |
| 2000 | 203,368 current LCU per person | +13.3% |
| 2001 | 210,752 current LCU per person | +3.6% |
| 2002 | 213,721 current LCU per person | +1.4% |
| 2003 | 236,305 current LCU per person | +10.6% |
| 2004 | 226,405 current LCU per person | -4.2% |
| 2005 | 255,036 current LCU per person | +12.6% |
| 2006 | 282,487 current LCU per person | +10.8% |
| 2007 | 303,326 current LCU per person | +7.4% |
| 2008 | 291,664 current LCU per person | -3.8% |
| 2009 | 276,358 current LCU per person | -5.2% |
| 2010 | 279,602 current LCU per person | +1.2% |
| 2011 | 279,842 current LCU per person | +0.1% |
| 2012 | 326,198 current LCU per person | +16.6% |
| 2013 | 323,109 current LCU per person | -0.9% |
| 2014 | 335,404 current LCU per person | +3.8% |
| 2015 | 351,235 current LCU per person | +4.7% |
| 2016 | 365,568 current LCU per person | +4.1% |
| 2017 | 370,603 current LCU per person | +1.4% |
| 2018 | 399,714 current LCU per person | +7.9% |
| 2019 | 408,378 current LCU per person | +2.2% |
| 2020 | 412,812 current LCU per person | +1.1% |
| 2021 | 434,400 current LCU per person | +5.2% |
| 2022 | 475,135 current LCU per person | +9.4% |
| 2023 | 494,151 current LCU per person | +4.0% |
| 2024 | 494,217 current LCU per person | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 171,167 current LCU per person | 162,905 current LCU per person | 179,429 current LCU per person | 2 |
| 2000s | 249,942 current LCU per person | 203,368 current LCU per person | 303,326 current LCU per person | 10 |
| 2010s | 343,965 current LCU per person | 279,602 current LCU per person | 408,378 current LCU per person | 10 |
| 2020s | 462,143 current LCU per person | 412,812 current LCU per person | 494,217 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 60 Vanuatu 578,933 current LCU per person compare
- 61 Venezuela, Bolivarian Republic of 550,519 current LCU per person compare
- 62 Chad 519,394 current LCU per person compare
- 64 Pakistan 478,129 current LCU per person compare
- 65 Yemen 470,706 current LCU per person compare
- 66 Niger 461,949 current LCU per person compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per capita 261,819 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), per capita 144,061 current LCU per person (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure (current lcu), per capita in Faroe Islands?
- Gross national expenditure (current lcu), per capita in Faroe Islands was 494,217 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 494,217 current LCU per person in 2024.
- What is the lowest gross national expenditure (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 162,905 current LCU per person in 1998.
- How does Faroe Islands rank for gross national expenditure (current lcu), per capita?
- Faroe Islands ranks 63rd out of 186 countries with data for 2024.
- Is gross national expenditure (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 47.3%. 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 national expenditure (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross national expenditure (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 national expenditure (current LCU) ÷ Population, total
Computed from
- Gross national expenditure 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 national expenditure (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.