GNI at purchasing power parity in the Faroe Islands in 2024 — 4,561,187,479 int$. Ranked 174 in the world out of 195. Since 2008, the indicator has risen by 126.9%.
2008–2024 · international $
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | int$ | Change | Change, % |
|---|---|---|---|
| 2024 | 4.56B | +190M | +4.35% |
| 2023 | 4.37B | +214M | +5.14% |
| 2022 | 4.16B | +385M | +10.21% |
| 2021 | 3.77B | +454M | +13.67% |
| 2020 | 3.32B | +3.6M | +0.11% |
| 2019 | 3.32B | +224M | +7.24% |
| 2018 | 3.09B | +165M | +5.64% |
| 2017 | 2.93B | +141M | +5.07% |
| 2016 | 2.78B | +88.69M | +3.29% |
| 2015 | 2.7B | +27.12M | +1.02% |
| 2014 | 2.67B | +136M | +5.38% |
| 2013 | 2.53B | +186M | +7.92% |
| 2012 | 2.35B | +191M | +8.87% |
| 2011 | 2.16B | +196M | +9.98% |
| 2010 | 1.96B | +84.4M | +4.5% |
| 2009 | 1.88B | −135M | −6.71% |
| 2008 | 2.01B | — | — |
The same indicator for neighboring countries — with links to their pages
Gross national income in international dollars at purchasing power parity. Conversion at PPP changes the picture more than one might expect: for countries with low domestic prices income in international dollars comes out two or three times higher than at the market exchange rate, because the same sum buys more there. That is exactly why world rankings by nominal and by PPP income look different.
Important: International dollars, not current ones: they cannot be added to nominal GNI. PPP estimates rest on the rounds of the International Comparison Program, which are held once every few years, so they are revised after the fact.
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 per capitaGross national income per person — the basis for classifying countries by income group.
Economy GDP at purchasing power parityThe size of the economy in international dollars — adjusted for price differences between countries.
Economy PPP conversion factorHow much local money it takes to buy what one dollar buys in the United States.
