GDP (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: GDP (current LCU), per unit of GDP was 6.83 current LCU per US$ of GDP in 2023. ▼ Falling
Latest (2023)
6.83 current LCU per US$ of GDP
Change on year
down 2.2%
World rank
117th
of 211 countries
All-time high
10.6 current LCU per US$ of GDP
in 1985
All-time low
5.1 current LCU per US$ of GDP
in 2008
Years of data
54
1970–2023
GDP (current LCU), per unit of GDP in Faroe Islands, 1970–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gdp (current lcu), per unit of gdp in Faroe Islands is 6.83 current LCU per US$ of GDP, measured in 2023.
That represents a change of down 2.2% on the previous year and up 21.6% over ten years.
Over the whole period, gdp (current lcu), per unit of gdp in Faroe Islands peaked at 10.6 current LCU per US$ of GDP in 1985 and was at its lowest, 5.1 current LCU per US$ of GDP, in 2008.
Faroe Islands ranks 117th of 211 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
GDP (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 7.5 current LCU per US$ of GDP | — |
| 1971 | 7.42 current LCU per US$ of GDP | -1.1% |
| 1972 | 6.95 current LCU per US$ of GDP | -6.3% |
| 1973 | 6.05 current LCU per US$ of GDP | -12.9% |
| 1974 | 6.09 current LCU per US$ of GDP | +0.8% |
| 1975 | 5.75 current LCU per US$ of GDP | -5.7% |
| 1976 | 6.05 current LCU per US$ of GDP | +5.2% |
| 1977 | 6 current LCU per US$ of GDP | -0.7% |
| 1978 | 5.51 current LCU per US$ of GDP | -8.1% |
| 1979 | 5.26 current LCU per US$ of GDP | -4.6% |
| 1980 | 5.64 current LCU per US$ of GDP | +7.1% |
| 1981 | 7.12 current LCU per US$ of GDP | +26.4% |
| 1982 | 8.33 current LCU per US$ of GDP | +17.0% |
| 1983 | 9.14 current LCU per US$ of GDP | +9.8% |
| 1984 | 10.36 current LCU per US$ of GDP | +13.2% |
| 1985 | 10.6 current LCU per US$ of GDP | +2.3% |
| 1986 | 8.09 current LCU per US$ of GDP | -23.6% |
| 1987 | 6.84 current LCU per US$ of GDP | -15.5% |
| 1988 | 6.73 current LCU per US$ of GDP | -1.6% |
| 1989 | 7.31 current LCU per US$ of GDP | +8.6% |
| 1990 | 6.19 current LCU per US$ of GDP | -15.3% |
| 1991 | 6.4 current LCU per US$ of GDP | +3.4% |
| 1992 | 6.04 current LCU per US$ of GDP | -5.6% |
| 1993 | 6.48 current LCU per US$ of GDP | +7.4% |
| 1994 | 6.36 current LCU per US$ of GDP | -1.9% |
| 1995 | 5.6 current LCU per US$ of GDP | -11.9% |
| 1996 | 5.8 current LCU per US$ of GDP | +3.5% |
| 1997 | 6.6 current LCU per US$ of GDP | +13.9% |
| 1998 | 6.7 current LCU per US$ of GDP | +1.5% |
| 1999 | 6.98 current LCU per US$ of GDP | +4.1% |
| 2000 | 8.08 current LCU per US$ of GDP | +15.9% |
| 2001 | 8.32 current LCU per US$ of GDP | +3.0% |
| 2002 | 7.89 current LCU per US$ of GDP | -5.1% |
| 2003 | 6.59 current LCU per US$ of GDP | -16.6% |
| 2004 | 5.99 current LCU per US$ of GDP | -9.1% |
| 2005 | 6 current LCU per US$ of GDP | +0.1% |
| 2006 | 5.95 current LCU per US$ of GDP | -0.8% |
| 2007 | 5.44 current LCU per US$ of GDP | -8.5% |
| 2008 | 5.1 current LCU per US$ of GDP | -6.3% |
| 2009 | 5.36 current LCU per US$ of GDP | +5.2% |
| 2010 | 5.62 current LCU per US$ of GDP | +4.9% |
| 2011 | 5.37 current LCU per US$ of GDP | -4.5% |
| 2012 | 5.79 current LCU per US$ of GDP | +7.9% |
| 2013 | 5.62 current LCU per US$ of GDP | -3.0% |
| 2014 | 5.61 current LCU per US$ of GDP | -0.1% |
| 2015 | 6.73 current LCU per US$ of GDP | +19.9% |
| 2016 | 6.73 current LCU per US$ of GDP | +0.1% |
| 2017 | 6.6 current LCU per US$ of GDP | -1.9% |
| 2018 | 6.31 current LCU per US$ of GDP | -4.4% |
| 2019 | 6.67 current LCU per US$ of GDP | +5.6% |
| 2020 | 6.54 current LCU per US$ of GDP | -1.9% |
| 2021 | 6.23 current LCU per US$ of GDP | -4.8% |
| 2022 | 6.98 current LCU per US$ of GDP | +12.1% |
| 2023 | 6.83 current LCU per US$ of GDP | -2.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.83 current LCU per US$ of GDP is above the median for high income countries, which is 1.01 current LCU per US$ of GDP, 6.8× the median. (82 countries reporting)
- Faroe Islands's 6.83 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 1.7 current LCU per US$ of GDP, 4.0× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.26 current LCU per US$ of GDP | 5.26 current LCU per US$ of GDP | 7.5 current LCU per US$ of GDP | 10 |
| 1980s | 8.02 current LCU per US$ of GDP | 5.64 current LCU per US$ of GDP | 10.6 current LCU per US$ of GDP | 10 |
| 1990s | 6.31 current LCU per US$ of GDP | 5.6 current LCU per US$ of GDP | 6.98 current LCU per US$ of GDP | 10 |
| 2000s | 6.47 current LCU per US$ of GDP | 5.1 current LCU per US$ of GDP | 8.32 current LCU per US$ of GDP | 10 |
| 2010s | 6.11 current LCU per US$ of GDP | 5.37 current LCU per US$ of GDP | 6.73 current LCU per US$ of GDP | 10 |
| 2020s | 6.64 current LCU per US$ of GDP | 6.23 current LCU per US$ of GDP | 6.98 current LCU per US$ of GDP | 4 |
Countries ranked near Faroe Islands
- 114 Denmark 6.97 current LCU per US$ of GDP compare
- 115 Trinidad and Tobago 6.96 current LCU per US$ of GDP compare
- 116 Greenland 6.89 current LCU per US$ of GDP compare
- 118 Bolivia 6.25 current LCU per US$ of GDP compare
- 119 Brazil 5.37 current LCU per US$ of GDP compare
- 120 Turkmenistan 5.08 current 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 (current lcu), per unit of gdp in Faroe Islands?
- Gdp (current lcu), per unit of gdp in Faroe Islands was 6.83 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gdp (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 10.6 current LCU per US$ of GDP in 1985.
- What is the lowest gdp (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 5.1 current LCU per US$ of GDP in 2008.
- How does Faroe Islands rank for gdp (current lcu), per unit of gdp?
- Faroe Islands ranks 117th out of 211 countries with data for 2023.
- Is gdp (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 21.6%. 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 (current LCU), per unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (current LCU) ÷ GDP (current US$)
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 (current 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.