Australia vs Faroe Islands: GDP per capita
GDP per capita over time
- Australia
- Faroe Islands
How they compare
Faroe Islands currently reports 74,175 current US$ against 65,130 current US$ in Australia, a difference of 9,046 current US$.
That makes Faroe Islands's figure about 1.1 times Australia's.
The two have swapped places 9 times across 60 shared years of data; in 1965 it was Australia ahead.
Globally, Australia ranks 19th and Faroe Islands ranks 16th of 213 countries.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.