GDP price levels relative to the US in Faroe Islands
Faroe Islands: GDP price levels relative to the US was 0.9049 in 2024. ▼ Falling
GDP price levels relative to the US in Faroe Islands, 2008–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
Faroe Islands recorded 0.9049 for gdp price levels relative to the us in 2024.
The figure is down 0.5% on the previous year and down 20.0% over ten years.
Over the whole period, gdp price levels relative to the us in Faroe Islands peaked at 1.25 in 2008 and was at its lowest, 0.891, in 2022.
That places Faroe Islands 15th out of 202 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
GDP price levels relative to the US in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 1.25 | — |
| 2009 | 1.2 | -4.0% |
| 2010 | 1.21 | +0.7% |
| 2011 | 1.23 | +1.7% |
| 2012 | 1.09 | -11.2% |
| 2013 | 1.12 | +2.9% |
| 2014 | 1.13 | +1.0% |
| 2015 | 0.9805 | -13.3% |
| 2016 | 1.05 | +6.8% |
| 2017 | 1.05 | +0.5% |
| 2018 | 1.06 | +0.8% |
| 2019 | 1.01 | -4.5% |
| 2020 | 1.01 | -0.4% |
| 2021 | 1.01 | +0.5% |
| 2022 | 0.891 | -12.2% |
| 2023 | 0.9093 | +2.1% |
| 2024 | 0.9049 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 | 1.2 | 1.25 | 2 |
| 2010s | 1.09 | 0.9805 | 1.23 | 10 |
| 2020s | 0.9458 | 0.891 | 1.01 | 5 |
Countries ranked near Faroe Islands
- 12 Israel 0.9466 compare
- 13 Vanuatu 0.946 compare
- 14 Marshall Islands 0.9429 compare
- 16 Australia 0.8959 compare
- 17 United States Virgin Islands 0.8901 compare
- 18 New Zealand 0.886 compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per unit of GDP 3.53 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 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)
- 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 82,165 current LCU per person (2024)
Frequently asked questions
- What is gdp price levels relative to the us in Faroe Islands?
- Gdp price levels relative to the us in Faroe Islands was 0.9049 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Faroe Islands?
- The highest recorded value was 1.25 in 2008.
- What is the lowest gdp price levels relative to the us recorded in Faroe Islands?
- The lowest recorded value was 0.891 in 2022.
- How does Faroe Islands rank for gdp price levels relative to the us?
- Faroe Islands ranks 15th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Faroe Islands?
- Over the last ten years it is down 20.0%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.