GDP at market prices (constant 2010 US$), per unit of GDP in Faroe Islands
Faroe Islands: GDP at market prices (constant 2010 US$), per unit of GDP was 0.8106 constant 2010 US$ per US$ of GDP in 2023. ▼ Falling
GDP at market prices (constant 2010 US$), per unit of GDP in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in constant 2010 US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.8106 constant 2010 US$ per US$ of GDP for gdp at market prices (constant 2010 us$), per unit of gdp in 2023. That is the lowest value across all 16 years on record.
The figure is down 6.0% on the previous year and down 9.8% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), per unit of gdp in Faroe Islands peaked at 1 constant 2010 US$ per US$ of GDP in 2015 and was at its lowest, 0.8106 constant 2010 US$ per US$ of GDP, in 2023.
That places Faroe Islands 124th out of 208 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
GDP at market prices (constant 2010 US$), per unit of GDP in Faroe Islands, year by year
| Year | constant 2010 US$ per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.87 constant 2010 US$ per US$ of GDP | — |
| 2009 | 0.9005 constant 2010 US$ per US$ of GDP | +3.5% |
| 2010 | 0.8834 constant 2010 US$ per US$ of GDP | -1.9% |
| 2011 | 0.8514 constant 2010 US$ per US$ of GDP | -3.6% |
| 2012 | 0.9411 constant 2010 US$ per US$ of GDP | +10.5% |
| 2013 | 0.8989 constant 2010 US$ per US$ of GDP | -4.5% |
| 2014 | 0.8749 constant 2010 US$ per US$ of GDP | -2.7% |
| 2015 | 1 constant 2010 US$ per US$ of GDP | +14.3% |
| 2016 | 0.9276 constant 2010 US$ per US$ of GDP | -7.2% |
| 2017 | 0.9064 constant 2010 US$ per US$ of GDP | -2.3% |
| 2018 | 0.8706 constant 2010 US$ per US$ of GDP | -4.0% |
| 2019 | 0.8884 constant 2010 US$ per US$ of GDP | +2.0% |
| 2020 | 0.8724 constant 2010 US$ per US$ of GDP | -1.8% |
| 2021 | 0.814 constant 2010 US$ per US$ of GDP | -6.7% |
| 2022 | 0.8626 constant 2010 US$ per US$ of GDP | +6.0% |
| 2023 | 0.8106 constant 2010 US$ per US$ of GDP | -6.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.8106 constant 2010 US$ per US$ of GDP is below the median for high income countries, which is 0.8229 constant 2010 US$ per US$ of GDP, 99% of the median. (80 countries reporting)
- Faroe Islands's 0.8106 constant 2010 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.7841 constant 2010 US$ per US$ of GDP, 1.0× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8853 constant 2010 US$ per US$ of GDP | 0.87 constant 2010 US$ per US$ of GDP | 0.9005 constant 2010 US$ per US$ of GDP | 2 |
| 2010s | 0.9043 constant 2010 US$ per US$ of GDP | 0.8514 constant 2010 US$ per US$ of GDP | 1 constant 2010 US$ per US$ of GDP | 10 |
| 2020s | 0.8399 constant 2010 US$ per US$ of GDP | 0.8106 constant 2010 US$ per US$ of GDP | 0.8724 constant 2010 US$ per US$ of GDP | 4 |
Countries ranked near Faroe Islands
- 121 Sint Maarten (Dutch part) 0.8138 constant 2010 US$ per US$ of GDP compare
- 122 Cayman Islands 0.8136 constant 2010 US$ per US$ of GDP compare
- 123 Samoa 0.8118 constant 2010 US$ per US$ of GDP compare
- 125 Cameroon 0.8095 constant 2010 US$ per US$ of GDP compare
- 126 Ireland 0.8083 constant 2010 US$ per US$ of GDP compare
- 127 Ethiopia 0.8081 constant 2010 US$ per US$ of GDP compare
More population data for Faroe Islands
- Population regions with projections, annual growth rate -0.2397 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.07 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2397 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1096 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.4747 % change on previous year (2100)
- World population growth -0.2% (2100)
- Population density 46.18 people per km² (2100)
- Number of children under 5, by world region 2,935 people (2100)
- Population growth rate, by level of development -0.2% (2100)
- Number of people living in urban and rural areas, annual growth rate 1.68 % change on previous year (2025)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), per unit of gdp in Faroe Islands?
- Gdp at market prices (constant 2010 us$), per unit of gdp in Faroe Islands was 0.8106 constant 2010 US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1 constant 2010 US$ per US$ of GDP in 2015.
- What is the lowest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.8106 constant 2010 US$ per US$ of GDP in 2023.
- How does Faroe Islands rank for gdp at market prices (constant 2010 us$), per unit of gdp?
- Faroe Islands ranks 124th out of 208 countries with data for 2023.
- Is gdp at market prices (constant 2010 us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP at market prices (constant 2010 US$) ÷ GDP (current US$)
Computed from
- GDP at market prices UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.