Statizoid

Faroe Islands vs Greenland: DEC alternative conversion factor

Faroe Islands
6.89 LCU per US$
in 2024
Greenland
6.62 LCU per US$
in 2025
Faroe Islands rank
116th
Greenland rank
118th

DEC alternative conversion factor over time

  • Faroe Islands
  • Greenland
02.557.510196019922025

How they compare

Faroe Islands currently reports 6.89 LCU per US$ against 6.62 LCU per US$ in Greenland, a difference of 0.2726 LCU per US$.

Across all 60 years both countries report, Greenland has been ahead every year.

Globally, Faroe Islands ranks 116th and Greenland ranks 118th of 214 countries.

Individual pages

About this data

Indicator
DEC alternative conversion factor (LCU per US$)
Unit
LCU per US$
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
214 places, 12,592 data points, 1960–2025
Last refreshed

The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.