GDP per capita in Faroe Islands
Faroe Islands: GDP per capita was 72,114 international-$ in 2021 prices in 2024. ▲ Rising
GDP per capita in Faroe Islands, 2008–2024
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Faroe Islands recorded 72,114 international-$ in 2021 prices for gdp per capita in 2024. That is the highest value across all 17 years on record.
That represents a change of up 0.4% on the previous year and up 12.6% over ten years.
Over the whole period, gdp per capita in Faroe Islands peaked at 72,114 international-$ in 2021 prices in 2024 and was at its lowest, 51,480 international-$ in 2021 prices, in 2010.
That places Faroe Islands 14th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52,899 international-$ in 2021 prices | 51,535 international-$ in 2021 prices | 54,263 international-$ in 2021 prices | 2 |
| 2010s | 61,537 international-$ in 2021 prices | 51,480 international-$ in 2021 prices | 68,137 international-$ in 2021 prices | 10 |
| 2020s | 69,736 international-$ in 2021 prices | 66,038 international-$ in 2021 prices | 72,114 international-$ in 2021 prices | 5 |
Countries ranked near Faroe Islands
- 11 Brunei 78,985 international-$ in 2021 prices compare
- 12 United States 76,931 international-$ in 2021 prices compare
- 13 Denmark 72,723 international-$ in 2021 prices compare
- 15 Netherlands 71,378 international-$ in 2021 prices compare
- 16 Greenland 71,038 international-$ in 2021 prices compare
- 17 San Marino 70,952 international-$ in 2021 prices compare
More economy & growth data for Faroe Islands
- Imports of goods and services 14.31 billion current LCU (2024)
- Gross capital formation 1.14 billion current US$ (2024)
- Gross capital formation 7.87 billion current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- External balance on goods and services 3.4% (2024)
- External balance on goods and services 938.80 million current LCU (2024)
- Exports of goods and services 54.6% (2024)
- Imports of goods and services 51.2% (2024)
Frequently asked questions
- What is gdp per capita in Faroe Islands?
- Gdp per capita in Faroe Islands was 72,114 international-$ in 2021 prices in 2024, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Faroe Islands?
- The highest recorded value was 72,114 international-$ in 2021 prices in 2024.
- What is the lowest gdp per capita recorded in Faroe Islands?
- The lowest recorded value was 51,480 international-$ in 2021 prices in 2010.
- How does Faroe Islands rank for gdp per capita?
- Faroe Islands ranks 14th out of 198 countries with data for 2024.
- Is gdp per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.