GDP per capita in Faroe Islands
Faroe Islands: GDP per capita was 494,504 current LCU in 2023. β Volatile
GDP per capita in Faroe Islands, 1970β2023
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
In 2023, gdp per capita in Faroe Islands stood at 494,504 current LCU. That is the highest value across all 54 years on record.
The figure is up 5.7% on the previous year and up 57.9% over ten years.
Over the whole period, gdp per capita in Faroe Islands peaked at 494,504 current LCU in 2023 and was at its lowest, 16,645 current LCU, in 1970.
That places Faroe Islands 69th out of 208 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34,154 current LCU | 16,645 current LCU | 55,500 current LCU | 10 |
| 1980s | 104,788 current LCU | 64,511 current LCU | 137,683 current LCU | 10 |
| 1990s | 130,495 current LCU | 106,169 current LCU | 174,257 current LCU | 10 |
| 2000s | 227,122 current LCU | 188,521 current LCU | 263,196 current LCU | 10 |
| 2010s | 343,324 current LCU | 269,523 current LCU | 420,622 current LCU | 10 |
| 2020s | 450,485 current LCU | 407,189 current LCU | 494,504 current LCU | 4 |
Countries ranked near Faroe Islands
More population data for Faroe Islands
- Population growth rate by level of development -0.247 (2100)
- Projected population under age 5 2,935 (2100)
- Population density 46.18 (2100)
- Population growth rate -0.247 (2100)
- Fertility and wanted fertility 1.91 (2024)
- Fertility vs unmet contraception 1.91 (2024)
- Fertility vs contraception 1.91 (2024)
- Natural population growth 0.2303 (2023)
- Fertility rate with projections 2.24 (2023)
- Children per woman fertility rate vs level of prosperity 2.24 (2023)
Frequently asked questions
- What is gdp per capita in Faroe Islands?
- Gdp per capita in Faroe Islands was 494,504 current LCU in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp per capita recorded in Faroe Islands?
- The highest recorded value was 494,504 current LCU in 2023.
- What is the lowest gdp per capita recorded in Faroe Islands?
- The lowest recorded value was 16,645 current LCU in 1970.
- How does Faroe Islands rank for gdp per capita?
- Faroe Islands ranks 69th out of 208 countries with data for 2023.
- Is gdp per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 57.9%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP per capita (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 54 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release