Services, value added (current LCU), per capita in Faroe Islands
Faroe Islands: Services, value added (current LCU), per capita was 275,271 current LCU per person in 2024. ▲ Rising
Services, value added (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, services, value added (current lcu), per capita in Faroe Islands stood at 275,271 current LCU per person. That is the highest value across all 27 years on record.
The figure is up 6.7% on the previous year and up 40.5% over ten years.
Over the whole period, services, value added (current lcu), per capita in Faroe Islands peaked at 275,271 current LCU per person in 2024 and was at its lowest, 85,244 current LCU per person, in 1998.
Faroe Islands ranks 66th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Services, value added (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 85,244 current LCU per person | — |
| 1999 | 90,870 current LCU per person | +6.6% |
| 2000 | 95,823 current LCU per person | +5.5% |
| 2001 | 105,121 current LCU per person | +9.7% |
| 2002 | 110,491 current LCU per person | +5.1% |
| 2003 | 113,701 current LCU per person | +2.9% |
| 2004 | 120,782 current LCU per person | +6.2% |
| 2005 | 125,650 current LCU per person | +4.0% |
| 2006 | 137,236 current LCU per person | +9.2% |
| 2007 | 147,300 current LCU per person | +7.3% |
| 2008 | 154,479 current LCU per person | +4.9% |
| 2009 | 154,148 current LCU per person | -0.2% |
| 2010 | 156,877 current LCU per person | +1.8% |
| 2011 | 163,436 current LCU per person | +4.2% |
| 2012 | 178,741 current LCU per person | +9.4% |
| 2013 | 188,639 current LCU per person | +5.5% |
| 2014 | 195,907 current LCU per person | +3.9% |
| 2015 | 201,577 current LCU per person | +2.9% |
| 2016 | 207,628 current LCU per person | +3.0% |
| 2017 | 211,036 current LCU per person | +1.6% |
| 2018 | 215,507 current LCU per person | +2.1% |
| 2019 | 222,201 current LCU per person | +3.1% |
| 2020 | 217,772 current LCU per person | -2.0% |
| 2021 | 235,297 current LCU per person | +8.0% |
| 2022 | 245,331 current LCU per person | +4.3% |
| 2023 | 257,888 current LCU per person | +5.1% |
| 2024 | 275,271 current LCU per person | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 88,057 current LCU per person | 85,244 current LCU per person | 90,870 current LCU per person | 2 |
| 2000s | 126,473 current LCU per person | 95,823 current LCU per person | 154,479 current LCU per person | 10 |
| 2010s | 194,155 current LCU per person | 156,877 current LCU per person | 222,201 current LCU per person | 10 |
| 2020s | 246,312 current LCU per person | 217,772 current LCU per person | 275,271 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 63 North Macedonia 326,483 current LCU per person compare
- 64 Denmark 319,372 current LCU per person compare
- 65 Burkina Faso 277,261 current LCU per person compare
- 67 Vanuatu 267,862 current LCU per person compare
- 68 Guinea-Bissau 255,503 current LCU per person compare
- 69 Mali 253,905 current LCU per person compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 65,417 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.67 % change on previous year (2024)
Frequently asked questions
- What is services, value added (current lcu), per capita in Faroe Islands?
- Services, value added (current lcu), per capita in Faroe Islands was 275,271 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 275,271 current LCU per person in 2024.
- What is the lowest services, value added (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 85,244 current LCU per person in 1998.
- How does Faroe Islands rank for services, value added (current lcu), per capita?
- Faroe Islands ranks 66th out of 204 countries with data for 2024.
- Is services, value added (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 40.5%. 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 Services, value added (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (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.
Services, value added (current LCU) ÷ Population, total
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- 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
Services, value added (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.