Faroe Islands GDP Per Capita 1998-2020

NOTE: All 2020 and later data are UN projections and DO NOT include any impacts of the COVID-19 virus.
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 2016 was $55,823, a 6.52% increase from 2015.
  • Faroe Islands gdp per capita for 2015 was $52,405, a 11.84% decline from 2014.
  • Faroe Islands gdp per capita for 2014 was $59,440, a 8.36% increase from 2013.
  • Faroe Islands gdp per capita for 2013 was $54,854, a 10.91% increase from 2012.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Per Capita (US $)
Monaco $169,916
Liechtenstein $165,028
Luxembourg $104,278
Switzerland $80,172
Isle of Man $79,156
Cayman Islands $78,296
Macao $74,061
Norway $70,461
Ireland $63,197
Iceland $61,758
United States $57,928
Qatar $57,163
Singapore $56,724
Faroe Islands $55,823
Denmark $54,664
Sweden $51,974
Australia $49,971
Greenland $48,182
San Marino $46,692
Netherlands $46,008
Austria $45,238
Finland $43,777
Hong Kong $43,734
Canada $42,280
Germany $42,099
Belgium $42,012
United Kingdom $41,064
New Zealand $40,027
Japan $38,794
UAE $38,142
Israel $37,322
Andorra $37,224
France $37,039
Virgin Islands (U.S.) $35,932
Guam $35,563
Bahamas $31,589
Italy $30,936
Puerto Rico $30,629
Kuwait $27,653
South Korea $27,623
Brunei $27,158
Spain $26,505
Turks and Caicos Islands $25,995
Aruba $25,240
Malta $25,152
Cyprus $24,533
Bahrain $22,619
Northern Mariana Islands $22,247
Slovenia $21,623
Portugal $19,978
Saudi Arabia $19,879
Curacao $19,555
St. Kitts and Nevis $18,812
Czech Republic $18,463
Estonia $18,237
Greece $18,116
Barbados $16,937
Palau $16,932
Slovak Republic $16,506
Trinidad and Tobago $16,177
Uruguay $15,387
Antigua and Barbuda $15,198
Seychelles $15,078
Lithuania $14,999
Oman $14,722
Panama $14,356
Latvia $14,153
Chile $13,748
Hungary $12,992
Argentina $12,790
Poland $12,432
Croatia $12,360
Faroe Islands GDP Per Capita - Historical Data
Year GDP Per Capita (US $) Annual Growth Rate (%)
2016 $55,823 6.52%
2015 $52,405 -11.84%
2014 $59,440 8.36%
2013 $54,854 10.91%
2012 $49,460 -5.04%
2011 $52,084 7.32%
2010 $48,530 2.28%
2009 $47,448 -6.72%
2008 $50,866 6.22%
2007 $47,886 15.32%
2006 $41,523 14.69%
2005 $36,205 2.08%
2004 $35,467 12.60%
2003 $31,498 17.83%
2002 $26,733 9.47%
2001 $24,420 7.80%
2000 $22,653 -6.10%
1999 $24,125 0.38%
1998 $24,034 0.38%