GDP (current LCU), per capita in Faroe Islands
Faroe Islands: GDP (current LCU), per capita was 494,877 current LCU per person in 2023. ◆ Volatile
GDP (current LCU), per capita in Faroe Islands, 1970–2023
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for gdp (current lcu), per capita in Faroe Islands is 494,877 current LCU per person, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 5.7% on the previous year and up 58.0% over ten years.
Over the whole period, gdp (current lcu), per capita in Faroe Islands peaked at 494,877 current LCU per person in 2023 and was at its lowest, 16,645 current LCU per person, in 1970.
Faroe Islands ranks 69th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1970 | 16,645 current LCU per person | — |
| 1971 | 19,014 current LCU per person | +14.2% |
| 1972 | 21,171 current LCU per person | +11.3% |
| 1973 | 24,609 current LCU per person | +16.2% |
| 1974 | 29,903 current LCU per person | +21.5% |
| 1975 | 32,210 current LCU per person | +7.7% |
| 1976 | 39,859 current LCU per person | +23.7% |
| 1977 | 50,350 current LCU per person | +26.3% |
| 1978 | 52,276 current LCU per person | +3.8% |
| 1979 | 55,500 current LCU per person | +6.2% |
| 1980 | 64,511 current LCU per person | +16.2% |
| 1981 | 74,497 current LCU per person | +15.5% |
| 1982 | 83,765 current LCU per person | +12.4% |
| 1983 | 99,619 current LCU per person | +18.9% |
| 1984 | 97,738 current LCU per person | -1.9% |
| 1985 | 106,478 current LCU per person | +8.9% |
| 1986 | 120,827 current LCU per person | +13.5% |
| 1987 | 129,845 current LCU per person | +7.5% |
| 1988 | 137,681 current LCU per person | +6.0% |
| 1989 | 132,905 current LCU per person | -3.5% |
| 1990 | 124,547 current LCU per person | -6.3% |
| 1991 | 122,579 current LCU per person | -1.6% |
| 1992 | 116,501 current LCU per person | -5.0% |
| 1993 | 106,167 current LCU per person | -8.9% |
| 1994 | 107,976 current LCU per person | +1.7% |
| 1995 | 115,796 current LCU per person | +7.2% |
| 1996 | 131,663 current LCU per person | +13.7% |
| 1997 | 139,740 current LCU per person | +6.1% |
| 1998 | 165,705 current LCU per person | +18.6% |
| 1999 | 174,257 current LCU per person | +5.2% |
| 2000 | 188,521 current LCU per person | +8.2% |
| 2001 | 207,070 current LCU per person | +9.8% |
| 2002 | 212,665 current LCU per person | +2.7% |
| 2003 | 205,994 current LCU per person | -3.1% |
| 2004 | 213,566 current LCU per person | +3.7% |
| 2005 | 218,222 current LCU per person | +2.2% |
| 2006 | 248,240 current LCU per person | +13.8% |
| 2007 | 263,196 current LCU per person | +6.0% |
| 2008 | 261,472 current LCU per person | -0.7% |
| 2009 | 252,283 current LCU per person | -3.5% |
| 2010 | 269,529 current LCU per person | +6.8% |
| 2011 | 277,133 current LCU per person | +2.8% |
| 2012 | 291,147 current LCU per person | +5.1% |
| 2013 | 313,162 current LCU per person | +7.6% |
| 2014 | 337,721 current LCU per person | +7.8% |
| 2015 | 354,145 current LCU per person | +4.9% |
| 2016 | 382,876 current LCU per person | +8.1% |
| 2017 | 392,136 current LCU per person | +2.4% |
| 2018 | 394,823 current LCU per person | +0.7% |
| 2019 | 420,647 current LCU per person | +6.5% |
| 2020 | 407,235 current LCU per person | -3.2% |
| 2021 | 432,349 current LCU per person | +6.2% |
| 2022 | 468,221 current LCU per person | +8.3% |
| 2023 | 494,877 current LCU per person | +5.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 494,877 current LCU per person is above the median for high income countries, which is 67,855 current LCU per person, 7.3× the median. (82 countries reporting)
- Faroe Islands's 494,877 current LCU per person is above the median for Europe & Central Asia, which is 63,029 current LCU per person, 7.9× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34,154 current LCU per person | 16,645 current LCU per person | 55,500 current LCU per person | 10 |
| 1980s | 104,787 current LCU per person | 64,511 current LCU per person | 137,681 current LCU per person | 10 |
| 1990s | 130,493 current LCU per person | 106,167 current LCU per person | 174,257 current LCU per person | 10 |
| 2000s | 227,123 current LCU per person | 188,521 current LCU per person | 263,196 current LCU per person | 10 |
| 2010s | 343,332 current LCU per person | 269,529 current LCU per person | 420,647 current LCU per person | 10 |
| 2020s | 450,670 current LCU per person | 407,235 current LCU per person | 494,877 current LCU per person | 4 |
Countries ranked near Faroe Islands
- 66 North Macedonia 520,130 current LCU per person compare
- 67 Turkey 507,614 current LCU per person compare
- 68 Denmark 495,381 current LCU per person compare
- 70 Niger 438,237 current LCU per person compare
- 71 Hong Kong 422,242 current LCU per person compare
- 72 Vanuatu 422,186 current LCU per person 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 (current lcu), per capita in Faroe Islands?
- Gdp (current lcu), per capita in Faroe Islands was 494,877 current LCU per person in 2023, according to Statizoid (derived).
- What is the highest gdp (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 494,877 current LCU per person in 2023.
- What is the lowest gdp (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 16,645 current LCU per person in 1970.
- How does Faroe Islands rank for gdp (current lcu), per capita?
- Faroe Islands ranks 69th out of 211 countries with data for 2023.
- Is gdp (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 58.0%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (current LCU) ÷ Population, total
Computed from
- GDP UNESCO Institute for Statistics
- Population, total World Population Prospects, United Nations (UN)
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 (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.