GNI per capita in the Faroe Islands in 2024 — 73,120 US$. Ranked 11 in the world out of 198. Since 2010, the indicator has risen by 49.1%.
2010–2024 · US$ per capita
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 73,120 | −300 | −0.41% |
| 2023 | 73,420 | +450 | +0.62% |
| 2022 | 72,970 | +2,920 | +4.17% |
| 2021 | 70,050 | +5,840 | +9.1% |
| 2020 | 64,210 | −1,810 | −2.74% |
| 2019 | 66,020 | +3,120 | +4.96% |
| 2018 | 62,900 | +4,980 | +8.6% |
| 2017 | 57,920 | +510 | +0.89% |
| 2016 | 57,410 | −260 | −0.45% |
| 2015 | 57,670 | −2,770 | −4.58% |
| 2014 | 60,440 | +910 | +1.53% |
| 2013 | 59,530 | +3,030 | +5.36% |
| 2012 | 56,500 | +3,080 | +5.77% |
| 2011 | 53,420 | +4,370 | +8.91% |
| 2010 | 49,050 | — | — |
The same indicator for neighboring countries — with links to their pages
Gross national income per capita calculated by the World Bank Atlas method, which smooths the exchange rate over three years. It differs from GDP in counting the primary income residents receive from abroad and in deducting the income paid to non-residents. It is by this indicator that the World Bank assigns countries each year to the high-, middle- and low-income groups.
Important: The aggregate for a group is all of its income over all of its population, not an average of country values. It is by this indicator that the World Bank divides countries into income groups.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The income received by the residents of a country — including what is earned abroad, but without what foreigners earn inside it.
Economy GNI at purchasing power parityThe income of a country's residents converted by purchasing power rather than by the exchange rate.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP per capita at PPPThe soundest measure of living standards: income per person adjusted for prices.
