Gross value added at basic prices (GVA) (current LCU), per capita in Faroe Islands
Faroe Islands: Gross value added at basic prices (GVA) (current LCU), per capita was 451,018 current LCU per person in 2024. ▲ Rising
Gross value added at basic prices (GVA) (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), per capita in Faroe Islands is 451,018 current LCU per person, measured in 2024. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 1.2% on the previous year and up 50.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), per capita in Faroe Islands peaked at 451,018 current LCU per person in 2024 and was at its lowest, 143,390 current LCU per person, in 1998.
That places Faroe Islands 68th out of 205 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 value added at basic prices (GVA) (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 143,390 current LCU per person | — |
| 1999 | 150,742 current LCU per person | +5.1% |
| 2000 | 163,361 current LCU per person | +8.4% |
| 2001 | 180,901 current LCU per person | +10.7% |
| 2002 | 184,525 current LCU per person | +2.0% |
| 2003 | 177,199 current LCU per person | -4.0% |
| 2004 | 184,846 current LCU per person | +4.3% |
| 2005 | 188,457 current LCU per person | +2.0% |
| 2006 | 213,495 current LCU per person | +13.3% |
| 2007 | 224,298 current LCU per person | +5.1% |
| 2008 | 224,659 current LCU per person | +0.2% |
| 2009 | 219,658 current LCU per person | -2.2% |
| 2010 | 235,173 current LCU per person | +7.1% |
| 2011 | 243,051 current LCU per person | +3.3% |
| 2012 | 255,649 current LCU per person | +5.2% |
| 2013 | 278,251 current LCU per person | +8.8% |
| 2014 | 299,459 current LCU per person | +7.6% |
| 2015 | 315,432 current LCU per person | +5.3% |
| 2016 | 341,678 current LCU per person | +8.3% |
| 2017 | 349,403 current LCU per person | +2.3% |
| 2018 | 350,568 current LCU per person | +0.3% |
| 2019 | 374,325 current LCU per person | +6.8% |
| 2020 | 359,110 current LCU per person | -4.1% |
| 2021 | 381,965 current LCU per person | +6.4% |
| 2022 | 418,403 current LCU per person | +9.5% |
| 2023 | 445,584 current LCU per person | +6.5% |
| 2024 | 451,018 current LCU per person | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 147,066 current LCU per person | 143,390 current LCU per person | 150,742 current LCU per person | 2 |
| 2000s | 196,140 current LCU per person | 163,361 current LCU per person | 224,659 current LCU per person | 10 |
| 2010s | 304,299 current LCU per person | 235,173 current LCU per person | 374,325 current LCU per person | 10 |
| 2020s | 411,216 current LCU per person | 359,110 current LCU per person | 451,018 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 65 North Macedonia 498,876 current LCU per person compare
- 66 Cape Verde 474,687 current LCU per person compare
- 67 Denmark 451,943 current LCU per person compare
- 69 Niger 439,479 current LCU per person compare
- 70 Vanuatu 423,611 current LCU per person compare
- 71 Pakistan 419,215 current LCU per person compare
More economy & growth data for Faroe Islands
- Taxes less subsidies on products (current US$), annual growth rate 12.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- GDP 4.05 billion current US$ (2024)
- GDP 27.94 billion current LCU (2024)
- Net primary income (Net income from abroad) (current LCU), annual 143.63 % change on previous year (2024)
- GDP 3.24 billion constant 2015 US$ (2024)
- GDP growth 0.8% (2024)
- GDP 20.63 billion constant LCU (2024)
- GDP per capita 377,557 constant LCU (2024)
- GDP per capita growth 0.4% (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), per capita in Faroe Islands?
- Gross value added at basic prices (gva) (current lcu), per capita in Faroe Islands was 451,018 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 451,018 current LCU per person in 2024.
- What is the lowest gross value added at basic prices (gva) (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 143,390 current LCU per person in 1998.
- How does Faroe Islands rank for gross value added at basic prices (gva) (current lcu), per capita?
- Faroe Islands ranks 68th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 50.6%. 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 value added at basic prices (GVA) (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (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 value added at basic prices (GVA) (current LCU) ÷ Population, total
Computed from
- Gross value added at basic prices (GVA) 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 value added at basic prices (GVA) (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.