Faroe Islands GDP Per Capita 1965-2024
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
- Faroe Islands gdp per capita for 2022 was $66,979, a 3.08% decline from 2021.
- Faroe Islands gdp per capita for 2021 was $69,108, a 11.04% increase from 2020.
- Faroe Islands gdp per capita for 2020 was $62,235, a 1.53% decline from 2019.
- Faroe Islands gdp per capita for 2019 was $63,204, a 1% increase from 2018.
| Similar Country Ranking |
| Country Name |
GDP Per Capita (US $) |
| Monaco |
$240,862 |
| Liechtenstein |
$187,267 |
| Luxembourg |
$125,006 |
| Bermuda |
$123,091 |
| Norway |
$108,798 |
| Ireland |
$103,983 |
| Cayman Islands |
$96,074 |
| Switzerland |
$93,260 |
| Singapore |
$88,429 |
| Qatar |
$87,480 |
| United States |
$77,247 |
| Iceland |
$75,135 |
| Denmark |
$67,790 |
| Faroe Islands |
$66,979 |
| Australia |
$65,078 |
| Channel Islands |
$64,501 |
| Netherlands |
$57,025 |
| Sweden |
$56,300 |
| Canada |
$55,509 |
| Israel |
$54,931 |
| UAE |
$53,708 |
| Austria |
$52,085 |
| Finland |
$50,735 |
| Belgium |
$49,942 |
| Hong Kong |
$48,828 |
| Germany |
$48,718 |
| New Zealand |
$48,217 |
| United Kingdom |
$45,564 |
| Kuwait |
$42,824 |
| Andorra |
$42,351 |
| France |
$40,886 |
| Guam |
$40,227 |
| Sint Maarten (Dutch part) |
$37,593 |
| Brunei |
$37,152 |
| New Caledonia |
$35,746 |
| Puerto Rico |
$35,268 |
| Macao |
$35,193 |
| Italy |
$35,069 |
| Malta |
$34,563 |
| Japan |
$34,017 |
| Aruba |
$33,301 |
| South Korea |
$32,395 |
| Cyprus |
$32,048 |
| Bahamas |
$32,041 |
| Saudi Arabia |
$30,448 |
| Bahrain |
$30,147 |
| Spain |
$29,675 |
| Slovenia |
$28,439 |
| Estonia |
$28,114 |
| Czech Republic |
$27,227 |
| Turks and Caicos Islands |
$26,887 |
| Lithuania |
$25,079 |
| Oman |
$25,057 |
| Portugal |
$24,515 |
| Latvia |
$21,508 |
| Slovak Republic |
$21,279 |
| Greece |
$20,867 |
| Barbados |
$20,738 |
| St. Kitts and Nevis |
$20,594 |
| Uruguay |
$20,499 |
| Curacao |
$20,493 |
| Antigua and Barbuda |
$19,920 |
| Trinidad and Tobago |
$19,629 |
| French Polynesia |
$18,985 |
| Poland |
$18,732 |
| Croatia |
$18,673 |
| Hungary |
$18,356 |
| Panama |
$17,358 |
| Seychelles |
$17,167 |
| Chile |
$15,411 |
| Argentina |
$13,651 |
| Palau |
$13,422 |
| Faroe Islands GDP Per Capita - Historical Data |
| Year |
GDP Per Capita (US $) |
Annual Growth Rate (%) |
| 2022 |
$66,979 |
-3.08% |
| 2021 |
$69,108 |
11.04% |
| 2020 |
$62,235 |
-1.53% |
| 2019 |
$63,204 |
1.00% |
| 2018 |
$62,577 |
5.48% |
| 2017 |
$59,328 |
4.39% |
| 2016 |
$56,834 |
7.79% |
| 2015 |
$52,727 |
-12.31% |
| 2014 |
$60,126 |
8.22% |
| 2013 |
$55,560 |
10.77% |
| 2012 |
$50,157 |
-3.15% |
| 2011 |
$51,786 |
7.51% |
| 2010 |
$48,168 |
1.60% |
| 2009 |
$47,411 |
-7.82% |
| 2008 |
$51,432 |
6.34% |
| 2007 |
$48,366 |
15.81% |
| 2006 |
$41,763 |
14.61% |
| 2005 |
$36,440 |
1.39% |
| 2004 |
$35,941 |
13.41% |
| 2003 |
$31,692 |
16.35% |
| 2002 |
$27,238 |
8.56% |
| 2001 |
$25,090 |
7.35% |
| 2000 |
$23,371 |
-6.32% |
| 1999 |
$24,947 |
1.31% |
| 1998 |
$24,624 |
17.34% |
| 1997 |
$20,986 |
-6.39% |
| 1996 |
$22,419 |
8.95% |
| 1995 |
$20,578 |
19.69% |
| 1994 |
$17,193 |
1.89% |
| 1993 |
$16,874 |
-14.94% |
| 1992 |
$19,839 |
2.13% |
| 1991 |
$19,424 |
-4.01% |
| 1990 |
$20,236 |
10.22% |
| 1989 |
$18,360 |
-10.98% |
| 1988 |
$20,626 |
8.14% |
| 1987 |
$19,074 |
27.39% |
| 1986 |
$14,973 |
48.57% |
| 1985 |
$10,078 |
6.78% |
| 1984 |
$9,439 |
-13.36% |
| 1983 |
$10,894 |
8.35% |
| 1982 |
$10,055 |
-3.89% |
| 1981 |
$10,461 |
-8.64% |
| 1980 |
$11,451 |
8.51% |
| 1979 |
$10,553 |
11.32% |
| 1978 |
$9,480 |
13.07% |
| 1977 |
$8,385 |
27.27% |
| 1976 |
$6,588 |
17.70% |
| 1975 |
$5,598 |
14.32% |
| 1974 |
$4,896 |
20.69% |
| 1973 |
$4,057 |
33.61% |
| 1972 |
$3,036 |
18.92% |
| 1971 |
$2,553 |
15.48% |
| 1970 |
$2,211 |
19.87% |
| 1969 |
$1,844 |
6.47% |
| 1968 |
$1,732 |
-2.60% |
| 1967 |
$1,779 |
1.71% |
| 1966 |
$1,749 |
9.67% |
| 1965 |
$1,595 |
9.67% |
