GDP per capita in Faroe Islands
Faroe Islands: GDP per capita was 71,774 current US$ in 2023. β Volatile
GDP per capita in Faroe Islands, 1970β2023
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
In 2023, gdp per capita in Faroe Islands stood at 71,774 current US$. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 8.5% on the previous year and up 28.7% over ten years.
Over the whole period, gdp per capita in Faroe Islands peaked at 71,774 current US$ in 2023 and was at its lowest, 2,219 current US$, in 1970.
That places Faroe Islands 16th out of 208 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,742 current US$ | 2,219 current US$ | 10,549 current US$ | 10 |
| 1980s | 13,489 current US$ | 9,437 current US$ | 20,454 current US$ | 10 |
| 1990s | 20,618 current US$ | 16,374 current US$ | 24,979 current US$ | 10 |
| 2000s | 36,689 current US$ | 23,323 current US$ | 51,288 current US$ | 10 |
| 2010s | 56,023 current US$ | 47,923 current US$ | 63,067 current US$ | 10 |
| 2020s | 67,226 current US$ | 62,241 current US$ | 71,774 current US$ | 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 71,774 current US$ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp per capita recorded in Faroe Islands?
- The highest recorded value was 71,774 current US$ in 2023.
- What is the lowest gdp per capita recorded in Faroe Islands?
- The lowest recorded value was 2,219 current US$ in 1970.
- How does Faroe Islands rank for gdp per capita?
- Faroe Islands ranks 16th 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 28.7%. 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 US$). 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