Faroe Islands GDP Per Capita 1960-2024

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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Per Capita (US $)
Monaco $240,862
Luxembourg $125,006
Bermuda $118,775
Norway $108,729
Ireland $103,983
Cayman Islands $99,625
Switzerland $93,260
Qatar $87,661
Singapore $82,808
United States $76,330
Iceland $73,467
Denmark $67,790
Faroe Islands $66,979
Australia $65,100
Netherlands $57,025
Sweden $56,424
Canada $55,522
Israel $54,931
UAE $53,708
Austria $52,085
Finland $50,872
Belgium $49,927
Hong Kong $48,984
Germany $48,718
New Zealand $48,419
United Kingdom $46,125
Andorra $41,993
Kuwait $41,080
France $40,886
Brunei $37,152
Sint Maarten (Dutch part) $35,873
New Caledonia $35,745
Puerto Rico $35,209
Italy $34,776
Macao $34,585
Malta $34,128
Japan $34,017
Aruba $33,301
South Korea $32,423
Cyprus $32,048
Bahamas $31,458
Saudi Arabia $30,448
Bahrain $30,147
Spain $29,675
Slovenia $28,439
Estonia $28,247
Czech Republic $27,227
Lithuania $25,065
Oman $25,057
Turks and Caicos Islands $24,918
Portugal $24,515
Latvia $21,780
Slovak Republic $21,257
Greece $20,867
Uruguay $20,795
Curacao $20,502
St. Kitts and Nevis $20,262
Barbados $20,239
Antigua and Barbuda $19,920
Trinidad and Tobago $19,629
French Polynesia $18,985
Poland $18,688
Croatia $18,570
Hungary $18,390
Panama $17,358
Chile $15,355
Argentina $13,651
Seychelles $13,250
Guam $0
Greenland $0
Virgin Islands (U.S.) $0
Channel Islands $0
British Virgin Islands $0
Gibraltar $0
Liechtenstein $0
Northern Mariana Islands $0
Isle of Man $0
Palau $0
San Marino $0
St. Martin (French part) $0
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 inf%
1964 $0 nan%
1963 $0 nan%
1962 $0 nan%
1961 $0 nan%
1960 $0 nan%