GDP per capita in the Faroe Islands in 2024 — 74,175 US$. Ranked 13 in the world out of 200. Since 1965, the indicator has risen by 4,552%.
1965–2024 · US$ per capita
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 74,175 | +1,689 | +2.33% |
| 2023 | 72,487 | +5,417 | +8.08% |
| 2022 | 67,069 | −2,352 | −3.39% |
| 2021 | 69,422 | +7,174 | +11.52% |
| 2020 | 62,248 | −823 | −1.3% |
| 2019 | 63,071 | +545 | +0.87% |
| 2018 | 62,525 | +3,137 | +5.28% |
| 2017 | 59,389 | +2,512 | +4.42% |
| 2016 | 56,876 | +4,238 | +8.05% |
| 2015 | 52,638 | −7,535 | −12.52% |
| 2014 | 60,173 | +4,414 | +7.92% |
| 2013 | 55,759 | +5,496 | +10.94% |
| 2012 | 50,263 | −1,357 | −2.63% |
| 2011 | 51,620 | +3,696 | +7.71% |
| 2010 | 47,924 | +864 | +1.84% |
| 2009 | 47,060 | −4,228 | −8.24% |
| 2008 | 51,288 | +2,939 | +6.08% |
| 2007 | 48,349 | +6,605 | +15.82% |
| 2006 | 41,744 | +5,355 | +14.71% |
| 2005 | 36,389 | +742 | +2.08% |
| 2004 | 35,648 | +4,378 | +14% |
| 2003 | 31,270 | +4,332 | +16.08% |
| 2002 | 26,938 | +2,058 | +8.27% |
| 2001 | 24,880 | +1,557 | +6.68% |
| 2000 | 23,323 | −1,656 | −6.63% |
| 1999 | 24,979 | +250 | +1.01% |
| 1998 | 24,729 | +3,571 | +16.88% |
| 1997 | 21,158 | −1,547 | −6.81% |
| 1996 | 22,706 | +2,036 | +9.85% |
| 1995 | 20,669 | +3,693 | +21.76% |
| 1994 | 16,976 | +602 | +3.68% |
| 1993 | 16,374 | −2,927 | −15.16% |
| 1992 | 19,301 | +137 | +0.72% |
| 1991 | 19,164 | −962 | −4.78% |
| 1990 | 20,125 | +1,945 | +10.7% |
| 1989 | 18,181 | −2,272 | −11.11% |
| 1988 | 20,453 | +1,471 | +7.75% |
| 1987 | 18,982 | +4,049 | +27.11% |
| 1986 | 14,934 | +4,885 | +48.61% |
| 1985 | 10,049 | +611 | +6.48% |
| 1984 | 9,437 | −1,456 | −13.37% |
| 1983 | 10,893 | +840 | +8.36% |
| 1982 | 10,053 | −405 | −3.87% |
| 1981 | 10,458 | −988 | −8.63% |
| 1980 | 11,446 | +897 | +8.5% |
| 1979 | 10,549 | +1,070 | +11.29% |
| 1978 | 9,479 | +1,092 | +13.02% |
| 1977 | 8,387 | +1,794 | +27.2% |
| 1976 | 6,594 | +988 | +17.63% |
| 1975 | 5,606 | +699 | +14.25% |
| 1974 | 4,906 | +838 | +20.61% |
| 1973 | 4,068 | +1,021 | +33.53% |
| 1972 | 3,046 | +483 | +18.84% |
| 1971 | 2,564 | +344 | +15.51% |
| 1970 | 2,219 | +370 | +20% |
| 1969 | 1,849 | +114 | +6.56% |
| 1968 | 1,736 | −45 | −2.51% |
| 1967 | 1,780 | +31 | +1.77% |
| 1966 | 1,749 | +155 | +9.7% |
| 1965 | 1,594 | — | — |
The same indicator for neighboring countries — with links to their pages
Gross domestic product divided by the mid-year population, in current US dollars. This is the most widely used indicator of the level of economic development. It does not account for price differences between countries — measured by nominal GDP per capita, expensive countries look richer than they do at purchasing power parity — and it says nothing about how income is distributed within a country.
Important: The aggregate for a group of countries is its total GDP divided by its total population, not an average of country values: a country counts in it in proportion to its population and its output.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much there is per person in 2015 prices — a measure of whether prosperity is growing.
Economy GDP per capita at PPPThe soundest measure of living standards: income per person adjusted for prices.
Economy GNI per capitaGross national income per person — the basis for classifying countries by income group.
