GDP (current US$), per square kilometre in Faroe Islands
Faroe Islands: GDP (current US$), per square kilometre was 2.85 million current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
2.85 million current US$ per square kilometre
Change on year
up 9.6%
World rank
56th
of 210 countries
All-time high
2.85 million current US$ per square kilometre
in 2023
All-time low
60,840 current US$ per square kilometre
in 1970
Years of data
54
1970–2023
GDP (current US$), per square kilometre in Faroe Islands, 1970–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for gdp (current us$), per square kilometre in Faroe Islands is 2.85 million current US$ per square kilometre, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 9.6% on the previous year and up 48.0% over ten years.
Over the whole period, gdp (current us$), per square kilometre in Faroe Islands peaked at 2.85 million current US$ per square kilometre in 2023 and was at its lowest, 60,840 current US$ per square kilometre, in 1970.
That places Faroe Islands 56th out of 210 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1970 | 60,840 current US$ per square kilometre | — |
| 1971 | 71,074 current US$ per square kilometre | +16.8% |
| 1972 | 85,484 current US$ per square kilometre | +20.3% |
| 1973 | 115,499 current US$ per square kilometre | +35.1% |
| 1974 | 140,953 current US$ per square kilometre | +22.0% |
| 1975 | 162,897 current US$ per square kilometre | +15.6% |
| 1976 | 193,746 current US$ per square kilometre | +18.9% |
| 1977 | 249,139 current US$ per square kilometre | +28.6% |
| 1978 | 284,981 current US$ per square kilometre | +14.4% |
| 1979 | 321,324 current US$ per square kilometre | +12.8% |
| 1980 | 353,162 current US$ per square kilometre | +9.9% |
| 1981 | 326,823 current US$ per square kilometre | -7.5% |
| 1982 | 318,085 current US$ per square kilometre | -2.7% |
| 1983 | 348,571 current US$ per square kilometre | +9.6% |
| 1984 | 305,164 current US$ per square kilometre | -12.5% |
| 1985 | 329,016 current US$ per square kilometre | +7.8% |
| 1986 | 493,491 current US$ per square kilometre | +50.0% |
| 1987 | 635,035 current US$ per square kilometre | +28.7% |
| 1988 | 693,823 current US$ per square kilometre | +9.3% |
| 1989 | 624,595 current US$ per square kilometre | -10.0% |
| 1990 | 688,256 current US$ per square kilometre | +10.2% |
| 1991 | 651,327 current US$ per square kilometre | -5.4% |
| 1992 | 653,775 current US$ per square kilometre | +0.4% |
| 1993 | 545,098 current US$ per square kilometre | -16.6% |
| 1994 | 543,509 current US$ per square kilometre | -0.3% |
| 1995 | 645,706 current US$ per square kilometre | +18.8% |
| 1996 | 708,837 current US$ per square kilometre | +9.8% |
| 1997 | 668,885 current US$ per square kilometre | -5.6% |
| 1998 | 791,361 current US$ per square kilometre | +18.3% |
| 1999 | 807,794 current US$ per square kilometre | +2.1% |
| 2000 | 764,405 current US$ per square kilometre | -5.4% |
| 2001 | 831,139 current US$ per square kilometre | +8.7% |
| 2002 | 913,388 current US$ per square kilometre | +9.9% |
| 2003 | 1.08 million current US$ per square kilometre | +17.8% |
| 2004 | 1.24 million current US$ per square kilometre | +14.8% |
| 2005 | 1.26 million current US$ per square kilometre | +2.0% |
| 2006 | 1.45 million current US$ per square kilometre | +14.7% |
| 2007 | 1.68 million current US$ per square kilometre | +15.9% |
| 2008 | 1.78 million current US$ per square kilometre | +6.4% |
| 2009 | 1.64 million current US$ per square kilometre | -7.8% |
| 2010 | 1.67 million current US$ per square kilometre | +1.6% |
| 2011 | 1.79 million current US$ per square kilometre | +7.5% |
| 2012 | 1.74 million current US$ per square kilometre | -3.1% |
| 2013 | 1.93 million current US$ per square kilometre | +10.8% |
| 2014 | 2.09 million current US$ per square kilometre | +8.3% |
| 2015 | 1.84 million current US$ per square kilometre | -11.7% |
| 2016 | 2.02 million current US$ per square kilometre | +9.3% |
| 2017 | 2.13 million current US$ per square kilometre | +5.9% |
| 2018 | 2.28 million current US$ per square kilometre | +7.0% |
| 2019 | 2.34 million current US$ per square kilometre | +2.4% |
| 2020 | 2.40 million current US$ per square kilometre | +2.4% |
| 2021 | 2.67 million current US$ per square kilometre | +11.7% |
| 2022 | 2.60 million current US$ per square kilometre | -2.7% |
| 2023 | 2.85 million current US$ per square kilometre | +9.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 2.85 million current US$ per square kilometre is below the median for high income countries, which is 4.40 million current US$ per square kilometre, 65% of the median. (82 countries reporting)
- Faroe Islands's 2.85 million current US$ per square kilometre is above the median for Europe & Central Asia, which is 1.51 million current US$ per square kilometre, 1.9× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 168,594 current US$ per square kilometre | 60,840 current US$ per square kilometre | 321,324 current US$ per square kilometre | 10 |
| 1980s | 442,776 current US$ per square kilometre | 305,164 current US$ per square kilometre | 693,823 current US$ per square kilometre | 10 |
| 1990s | 670,455 current US$ per square kilometre | 543,509 current US$ per square kilometre | 807,794 current US$ per square kilometre | 10 |
| 2000s | 1.26 million current US$ per square kilometre | 764,405 current US$ per square kilometre | 1.78 million current US$ per square kilometre | 10 |
| 2010s | 1.98 million current US$ per square kilometre | 1.67 million current US$ per square kilometre | 2.34 million current US$ per square kilometre | 10 |
| 2020s | 2.63 million current US$ per square kilometre | 2.40 million current US$ per square kilometre | 2.85 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 53 United States 3.03 million current US$ per square kilometre compare
- 54 Palestine 2.96 million current US$ per square kilometre compare
- 55 Brunei 2.86 million current US$ per square kilometre compare
- 57 Slovakia 2.78 million current US$ per square kilometre compare
- 58 Saint Vincent and the Grenadines 2.75 million current US$ per square kilometre compare
- 59 Poland 2.65 million current US$ per square kilometre 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 us$), per square kilometre in Faroe Islands?
- Gdp (current us$), per square kilometre in Faroe Islands was 2.85 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gdp (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.85 million current US$ per square kilometre in 2023.
- What is the lowest gdp (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 60,840 current US$ per square kilometre in 1970.
- How does Faroe Islands rank for gdp (current us$), per square kilometre?
- Faroe Islands ranks 56th out of 210 countries with data for 2023.
- Is gdp (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 48.0%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (current US$) ÷ Land area (sq. km)
Computed from
- GDP UNESCO Institute for Statistics
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.