GDP, PPP (current international $) (UNESCO Institute) in Faroe Islands
Faroe Islands: GDP, PPP (current international $) (UNESCO Institute) was 4.26 billion current international $ in 2023. ▲ Rising
Latest (2023)
4.26 billion current international $
Change on year
up 6.2%
World rank
181st
of 202 countries
All-time high
4.26 billion current international $
in 2023
All-time low
1.92 billion current international $
in 2009
Years of data
16
2008–2023
GDP, PPP in Faroe Islands, 2008–2023
Source: UNESCO Institute for Statistics. Measured in current international $.
Analysis
In 2023, gdp, ppp in Faroe Islands stood at 4.26 billion current international $. That is the highest value across all 16 years on record.
The figure is up 6.2% on the previous year and up 77.2% over ten years.
Over the whole period, gdp, ppp in Faroe Islands peaked at 4.26 billion current international $ in 2023 and was at its lowest, 1.92 billion current international $, in 2009.
That places Faroe Islands 181st out of 202 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
GDP, PPP (current international $) (UNESCO Institute) in Faroe Islands, year by year
| Year | current international $ | Change |
|---|---|---|
| 2008 | 2.00 billion current international $ | — |
| 2009 | 1.92 billion current international $ | -4.0% |
| 2010 | 1.93 billion current international $ | +0.8% |
| 2011 | 2.05 billion current international $ | +5.7% |
| 2012 | 2.23 billion current international $ | +9.1% |
| 2013 | 2.40 billion current international $ | +7.7% |
| 2014 | 2.58 billion current international $ | +7.3% |
| 2015 | 2.63 billion current international $ | +1.9% |
| 2016 | 2.69 billion current international $ | +2.3% |
| 2017 | 2.83 billion current international $ | +5.4% |
| 2018 | 3.01 billion current international $ | +6.2% |
| 2019 | 3.22 billion current international $ | +7.2% |
| 2020 | 3.24 billion current international $ | +0.6% |
| 2021 | 3.61 billion current international $ | +11.5% |
| 2022 | 4.01 billion current international $ | +10.9% |
| 2023 | 4.26 billion current international $ | +6.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 4.26 billion current international $ is below the median for high income countries, which is 237.93 billion current international $, 2% of the median. (74 countries reporting)
- Faroe Islands's 4.26 billion current international $ is below the median for Europe & Central Asia, which is 283.12 billion current international $, 2% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.96 billion current international $ | 1.92 billion current international $ | 2.00 billion current international $ | 2 |
| 2010s | 2.56 billion current international $ | 1.93 billion current international $ | 3.22 billion current international $ | 10 |
| 2020s | 3.78 billion current international $ | 3.24 billion current international $ | 4.26 billion current international $ | 4 |
Countries ranked near Faroe Islands
- 178 Aruba 4.83 billion current international $ compare
- 179 Curacao 4.79 billion current international $ compare
- 180 Greenland 4.48 billion current international $ compare
- 182 Seychelles 4.03 billion current international $ compare
- 183 Comoros 3.51 billion current international $ compare
- 184 Antigua and Barbuda 3.15 billion current 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, ppp in Faroe Islands?
- Gdp, ppp in Faroe Islands was 4.26 billion current international $ in 2023, according to UNESCO Institute for Statistics.
- What is the highest gdp, ppp recorded in Faroe Islands?
- The highest recorded value was 4.26 billion current international $ in 2023.
- What is the lowest gdp, ppp recorded in Faroe Islands?
- The lowest recorded value was 1.92 billion current international $ in 2009.
- How does Faroe Islands rank for gdp, ppp?
- Faroe Islands ranks 181st out of 202 countries with data for 2023.
- Is gdp, ppp rising or falling in Faroe Islands?
- Over the last ten years it is up 77.2%. 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, PPP (current 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