GDP (constant LCU), per unit of GDP in Faroe Islands
Faroe Islands: GDP (constant LCU), per unit of GDP was 5.16 constant LCU per US$ of GDP in 2023. ▼ Falling
GDP (constant LCU), per unit of GDP in Faroe Islands, 2008–2023
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2023, gdp (constant lcu), per unit of gdp in Faroe Islands stood at 5.16 constant LCU per US$ of GDP. That is the lowest value across all 16 years on record.
Compared with earlier readings it is down 6.0% on the previous year and down 9.8% over ten years.
Over the whole period, gdp (constant lcu), per unit of gdp in Faroe Islands peaked at 6.37 constant LCU per US$ of GDP in 2015 and was at its lowest, 5.16 constant LCU per US$ of GDP, in 2023.
Faroe Islands ranks 107th of 211 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
GDP (constant LCU), per unit of GDP in Faroe Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 5.54 constant LCU per US$ of GDP | — |
| 2009 | 5.73 constant LCU per US$ of GDP | +3.5% |
| 2010 | 5.62 constant LCU per US$ of GDP | -1.9% |
| 2011 | 5.42 constant LCU per US$ of GDP | -3.6% |
| 2012 | 5.99 constant LCU per US$ of GDP | +10.5% |
| 2013 | 5.72 constant LCU per US$ of GDP | -4.5% |
| 2014 | 5.57 constant LCU per US$ of GDP | -2.7% |
| 2015 | 6.37 constant LCU per US$ of GDP | +14.3% |
| 2016 | 5.91 constant LCU per US$ of GDP | -7.2% |
| 2017 | 5.77 constant LCU per US$ of GDP | -2.3% |
| 2018 | 5.54 constant LCU per US$ of GDP | -4.0% |
| 2019 | 5.66 constant LCU per US$ of GDP | +2.0% |
| 2020 | 5.55 constant LCU per US$ of GDP | -1.8% |
| 2021 | 5.18 constant LCU per US$ of GDP | -6.7% |
| 2022 | 5.49 constant LCU per US$ of GDP | +6.0% |
| 2023 | 5.16 constant LCU per US$ of GDP | -6.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 5.16 constant LCU per US$ of GDP is above the median for high income countries, which is 0.9346 constant LCU per US$ of GDP, 5.5× the median. (82 countries reporting)
- Faroe Islands's 5.16 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.8399 constant LCU per US$ of GDP, 6.1× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.64 constant LCU per US$ of GDP | 5.54 constant LCU per US$ of GDP | 5.73 constant LCU per US$ of GDP | 2 |
| 2010s | 5.76 constant LCU per US$ of GDP | 5.42 constant LCU per US$ of GDP | 6.37 constant LCU per US$ of GDP | 10 |
| 2020s | 5.35 constant LCU per US$ of GDP | 5.16 constant LCU per US$ of GDP | 5.55 constant LCU per US$ of GDP | 4 |
Countries ranked near Faroe Islands
- 104 Denmark 6.35 constant LCU per US$ of GDP compare
- 105 Trinidad and Tobago 5.98 constant LCU per US$ of GDP compare
- 106 Guatemala 5.4 constant LCU per US$ of GDP compare
- 108 Sao Tome and Principe 5.1 constant LCU per US$ of GDP compare
- 109 Greenland 4.89 constant LCU per US$ of GDP compare
- 110 Malaysia 3.9 constant LCU 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 (constant lcu), per unit of gdp in Faroe Islands?
- Gdp (constant lcu), per unit of gdp in Faroe Islands was 5.16 constant LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gdp (constant lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 6.37 constant LCU per US$ of GDP in 2015.
- What is the lowest gdp (constant lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 5.16 constant LCU per US$ of GDP in 2023.
- How does Faroe Islands rank for gdp (constant lcu), per unit of gdp?
- Faroe Islands ranks 107th out of 211 countries with data for 2023.
- Is gdp (constant lcu), 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 (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant LCU) ÷ GDP (current US$)
Computed from
- GDP 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 (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.