GNI (current LCU) (UNESCO Institute) in Faroe Islands
Faroe Islands: GNI (current LCU) (UNESCO Institute) was 27.11 billion current LCU in 2023. ◆ Volatile
Latest (2023)
27.11 billion current LCU
Change on year
up 4.8%
World rank
168th
of 207 countries
All-time high
27.11 billion current LCU
in 2023
All-time low
570.60 million current LCU
in 1970
Years of data
44
1970–2023
GNI in Faroe Islands, 1970–2023
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
The most recent figure for gni in Faroe Islands is 27.11 billion current LCU, measured in 2023. That is the highest value across all 44 years on record.
The figure is up 4.8% on the previous year and up 70.2% over ten years.
Over the whole period, gni in Faroe Islands peaked at 27.11 billion current LCU in 2023 and was at its lowest, 570.60 million current LCU, in 1970.
Faroe Islands ranks 168th of 207 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GNI (current LCU) (UNESCO Institute) in Faroe Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 570.60 million current LCU | — |
| 1971 | 658.70 million current LCU | +15.4% |
| 1972 | 745.50 million current LCU | +13.2% |
| 1973 | 872.20 million current LCU | +17.0% |
| 1974 | 1.09 billion current LCU | +24.8% |
| 1975 | 1.19 billion current LCU | +9.4% |
| 1976 | 1.46 billion current LCU | +22.9% |
| 1977 | 1.86 billion current LCU | +27.3% |
| 1978 | 1.95 billion current LCU | +4.7% |
| 1979 | 2.08 billion current LCU | +6.7% |
| 1980 | 2.47 billion current LCU | +18.8% |
| 1981 | 2.83 billion current LCU | +14.3% |
| 1982 | 3.29 billion current LCU | +16.6% |
| 1983 | 3.98 billion current LCU | +20.9% |
| 1984 | 4.27 billion current LCU | +7.1% |
| 1985 | 4.67 billion current LCU | +9.4% |
| 1986 | 5.21 billion current LCU | +11.7% |
| 1987 | 5.62 billion current LCU | +7.9% |
| 1998 | 7.63 billion current LCU | +35.7% |
| 1999 | 8.17 billion current LCU | +7.0% |
| 2000 | 8.96 billion current LCU | +9.7% |
| 2001 | 9.91 billion current LCU | +10.7% |
| 2002 | 10.38 billion current LCU | +4.8% |
| 2003 | 10.26 billion current LCU | -1.2% |
| 2004 | 10.73 billion current LCU | +4.6% |
| 2005 | 10.92 billion current LCU | +1.8% |
| 2006 | 12.40 billion current LCU | +13.6% |
| 2007 | 13.11 billion current LCU | +5.7% |
| 2008 | 12.77 billion current LCU | -2.6% |
| 2009 | 12.03 billion current LCU | -5.8% |
| 2010 | 13.28 billion current LCU | +10.4% |
| 2011 | 14.18 billion current LCU | +6.7% |
| 2012 | 14.79 billion current LCU | +4.3% |
| 2013 | 15.93 billion current LCU | +7.7% |
| 2014 | 16.94 billion current LCU | +6.3% |
| 2015 | 17.79 billion current LCU | +5.0% |
| 2016 | 19.63 billion current LCU | +10.4% |
| 2017 | 20.34 billion current LCU | +3.6% |
| 2018 | 20.71 billion current LCU | +1.8% |
| 2019 | 22.41 billion current LCU | +8.2% |
| 2020 | 21.92 billion current LCU | -2.2% |
| 2021 | 23.84 billion current LCU | +8.8% |
| 2022 | 25.87 billion current LCU | +8.5% |
| 2023 | 27.11 billion current LCU | +4.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 27.11 billion current LCU is below the median for high income countries, which is 279.03 billion current LCU, 10% of the median. (78 countries reporting)
- Faroe Islands's 27.11 billion current LCU is below the median for Europe & Central Asia, which is 444.02 billion current LCU, 6% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.25 billion current LCU | 570.60 million current LCU | 2.08 billion current LCU | 10 |
| 1980s | 4.04 billion current LCU | 2.47 billion current LCU | 5.62 billion current LCU | 8 |
| 1990s | 7.90 billion current LCU | 7.63 billion current LCU | 8.17 billion current LCU | 2 |
| 2000s | 11.15 billion current LCU | 8.96 billion current LCU | 13.11 billion current LCU | 10 |
| 2010s | 17.60 billion current LCU | 13.28 billion current LCU | 22.41 billion current LCU | 10 |
| 2020s | 24.69 billion current LCU | 21.92 billion current LCU | 27.11 billion current LCU | 4 |
Countries ranked near Faroe Islands
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 gni in Faroe Islands?
- Gni in Faroe Islands was 27.11 billion current LCU in 2023, according to UNESCO Institute for Statistics.
- What is the highest gni recorded in Faroe Islands?
- The highest recorded value was 27.11 billion current LCU in 2023.
- What is the lowest gni recorded in Faroe Islands?
- The lowest recorded value was 570.60 million current LCU in 1970.
- How does Faroe Islands rank for gni?
- Faroe Islands ranks 168th out of 207 countries with data for 2023.
- Is gni rising or falling in Faroe Islands?
- Over the last ten years it is up 70.2%. 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 GNI (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release