GDP per capita at PPP in the Faroe Islands in 2024 — 82,089 int$. Ranked 14 in the world out of 195. Since 2008, the indicator has risen by 99.4%.
2008–2024 · international $ per capita
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | int$ | Change | Change, % |
|---|---|---|---|
| 2024 | 82,089 | +2,305 | +2.89% |
| 2023 | 79,784 | +4,518 | +6% |
| 2022 | 75,266 | +6,833 | +9.99% |
| 2021 | 68,433 | +6,778 | +10.99% |
| 2020 | 61,656 | −570 | −0.92% |
| 2019 | 62,226 | +3,294 | +5.59% |
| 2018 | 58,932 | +2,515 | +4.46% |
| 2017 | 56,417 | +2,098 | +3.86% |
| 2016 | 54,319 | +634 | +1.18% |
| 2015 | 53,685 | +486 | +0.91% |
| 2014 | 53,200 | +3,418 | +6.87% |
| 2013 | 49,782 | +3,584 | +7.76% |
| 2012 | 46,198 | +4,064 | +9.64% |
| 2011 | 42,134 | +2,367 | +5.95% |
| 2010 | 39,767 | +436 | +1.11% |
| 2009 | 39,331 | −1,829 | −4.44% |
| 2008 | 41,160 | — | — |
The same indicator for neighboring countries — with links to their pages
GDP at purchasing power parity divided by the population. Of all aggregate indicators this is the soundest basis for comparing material living standards across countries: it accounts both for the size of the economy per person and for how much that money buys inside the country. It says nothing about inequality or about the non-market side of well-being.
Important: The aggregate for a group is all of its GDP at PPP over all of its population, not an average of country values. Conversion at PPP accounts for differences in price levels, so comparing countries by it is fairer than comparing them at market exchange rates.
Source: World Development Indicators (World Bank), license CC BY 4.0.
