GDP per capita, PPP (constant 2011 international $) in Faroe Islands
Faroe Islands: GDP per capita, PPP (constant 2011 international $) was 70,429 constant 2011 international $ in 2023. ▲ Rising
Latest (2023)
70,429 constant 2011 international $
Change on year
up 1.5%
World rank
16th
of 198 countries
All-time high
70,429 constant 2011 international $
in 2023
All-time low
50,782 constant 2011 international $
in 2010
Years of data
16
2008–2023
GDP per capita, PPP in Faroe Islands, 2008–2023
Source: UNESCO Institute for Statistics. Measured in constant 2011 international $.
Analysis
Faroe Islands recorded 70,429 constant 2011 international $ for gdp per capita, ppp in 2023. That is the highest value across all 16 years on record.
The figure is up 1.5% on the previous year and up 17.1% over ten years.
Over the whole period, gdp per capita, ppp in Faroe Islands peaked at 70,429 constant 2011 international $ in 2023 and was at its lowest, 50,782 constant 2011 international $, in 2010.
That places Faroe Islands 16th out of 198 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
GDP per capita, PPP (constant 2011 international $) in Faroe Islands, year by year
| Year | constant 2011 international $ | Change |
|---|---|---|
| 2008 | 53,529 constant 2011 international $ | — |
| 2009 | 50,836 constant 2011 international $ | -5.0% |
| 2010 | 50,782 constant 2011 international $ | -0.1% |
| 2011 | 52,717 constant 2011 international $ | +3.8% |
| 2012 | 56,745 constant 2011 international $ | +7.6% |
| 2013 | 60,124 constant 2011 international $ | +6.0% |
| 2014 | 63,152 constant 2011 international $ | +5.0% |
| 2015 | 63,140 constant 2011 international $ | -0.0% |
| 2016 | 63,287 constant 2011 international $ | +0.2% |
| 2017 | 64,574 constant 2011 international $ | +2.0% |
| 2018 | 65,297 constant 2011 international $ | +1.1% |
| 2019 | 67,210 constant 2011 international $ | +2.9% |
| 2020 | 65,137 constant 2011 international $ | -3.1% |
| 2021 | 67,770 constant 2011 international $ | +4.0% |
| 2022 | 69,371 constant 2011 international $ | +2.4% |
| 2023 | 70,429 constant 2011 international $ | +1.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 70,429 constant 2011 international $ is above the median for high income countries, which is 48,434 constant 2011 international $, 1.5× the median. (74 countries reporting)
- Faroe Islands's 70,429 constant 2011 international $ is above the median for Europe & Central Asia, which is 42,259 constant 2011 international $, 1.7× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52,182 constant 2011 international $ | 50,836 constant 2011 international $ | 53,529 constant 2011 international $ | 2 |
| 2010s | 60,703 constant 2011 international $ | 50,782 constant 2011 international $ | 67,210 constant 2011 international $ | 10 |
| 2020s | 68,177 constant 2011 international $ | 65,137 constant 2011 international $ | 70,429 constant 2011 international $ | 4 |
Countries ranked near Faroe Islands
- 13 Greenland 71,038 constant 2011 international $ compare
- 14 Netherlands 70,902 constant 2011 international $ compare
- 15 San Marino 70,888 constant 2011 international $ compare
- 17 Guyana 70,297 constant 2011 international $ compare
- 18 United Arab Emirates 68,585 constant 2011 international $ compare
- 19 Hong Kong 66,171 constant 2011 international $ 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)
- Population growth rate -0.247 (2100)
- Population density 46.18 (2100)
- Projected population under age 5 2,935 (2100)
- Population growth rate by level of development -0.247 (2100)
- Urbanization vs gdp, annual growth rate 0.5838 % change on previous year (2025)
Frequently asked questions
- What is gdp per capita, ppp in Faroe Islands?
- Gdp per capita, ppp in Faroe Islands was 70,429 constant 2011 international $ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp per capita, ppp recorded in Faroe Islands?
- The highest recorded value was 70,429 constant 2011 international $ in 2023.
- What is the lowest gdp per capita, ppp recorded in Faroe Islands?
- The lowest recorded value was 50,782 constant 2011 international $ in 2010.
- How does Faroe Islands rank for gdp per capita, ppp?
- Faroe Islands ranks 16th out of 198 countries with data for 2023.
- Is gdp per capita, ppp rising or falling in Faroe Islands?
- Over the last ten years it is up 17.1%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP per capita, PPP (constant 2011 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release