GNI (current LCU), per capita in Faroe Islands
Faroe Islands: GNI (current LCU), per capita was 498,441 current LCU per person in 2023. ◆ Volatile
GNI (current LCU), per capita in Faroe Islands, 1970–2023
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Faroe Islands recorded 498,441 current LCU per person for gni (current lcu), per capita in 2023. That is the highest value across all 44 years on record.
That represents a change of up 3.9% on the previous year and up 50.9% over ten years.
Over the whole period, gni (current lcu), per capita in Faroe Islands peaked at 498,441 current LCU per person in 2023 and was at its lowest, 14,910 current LCU per person, in 1970.
Faroe Islands ranks 68th of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GNI (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1970 | 14,910 current LCU per person | — |
| 1971 | 17,019 current LCU per person | +14.1% |
| 1972 | 19,032 current LCU per person | +11.8% |
| 1973 | 22,005 current LCU per person | +15.6% |
| 1974 | 27,143 current LCU per person | +23.3% |
| 1975 | 29,363 current LCU per person | +8.2% |
| 1976 | 35,695 current LCU per person | +21.6% |
| 1977 | 44,955 current LCU per person | +25.9% |
| 1978 | 46,528 current LCU per person | +3.5% |
| 1979 | 48,985 current LCU per person | +5.3% |
| 1980 | 57,439 current LCU per person | +17.3% |
| 1981 | 64,801 current LCU per person | +12.8% |
| 1982 | 74,596 current LCU per person | +15.1% |
| 1983 | 89,210 current LCU per person | +19.6% |
| 1984 | 94,526 current LCU per person | +6.0% |
| 1985 | 102,102 current LCU per person | +8.0% |
| 1986 | 112,958 current LCU per person | +10.6% |
| 1987 | 120,445 current LCU per person | +6.6% |
| 1998 | 170,842 current LCU per person | +41.8% |
| 1999 | 180,871 current LCU per person | +5.9% |
| 2000 | 195,758 current LCU per person | +8.2% |
| 2001 | 212,536 current LCU per person | +8.6% |
| 2002 | 219,341 current LCU per person | +3.2% |
| 2003 | 213,528 current LCU per person | -2.7% |
| 2004 | 221,716 current LCU per person | +3.8% |
| 2005 | 225,770 current LCU per person | +1.8% |
| 2006 | 256,530 current LCU per person | +13.6% |
| 2007 | 270,937 current LCU per person | +5.6% |
| 2008 | 263,094 current LCU per person | -2.9% |
| 2009 | 246,583 current LCU per person | -6.3% |
| 2010 | 273,025 current LCU per person | +10.7% |
| 2011 | 292,089 current LCU per person | +7.0% |
| 2012 | 306,289 current LCU per person | +4.9% |
| 2013 | 330,260 current LCU per person | +7.8% |
| 2014 | 349,879 current LCU per person | +5.9% |
| 2015 | 363,731 current LCU per person | +4.0% |
| 2016 | 396,848 current LCU per person | +9.1% |
| 2017 | 405,317 current LCU per person | +2.1% |
| 2018 | 406,092 current LCU per person | +0.2% |
| 2019 | 432,699 current LCU per person | +6.6% |
| 2020 | 417,030 current LCU per person | -3.6% |
| 2021 | 447,353 current LCU per person | +7.3% |
| 2022 | 479,951 current LCU per person | +7.3% |
| 2023 | 498,441 current LCU per person | +3.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 498,441 current LCU per person is above the median for high income countries, which is 62,433 current LCU per person, 8.0× the median. (78 countries reporting)
- Faroe Islands's 498,441 current LCU per person is above the median for Europe & Central Asia, which is 57,769 current LCU per person, 8.6× the median. (54 countries reporting)
Biggest year-on-year movements
Years where GNI (current LCU), per capita in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +41.8% | 120,445 current LCU per person | 170,842 current LCU per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30,564 current LCU per person | 14,910 current LCU per person | 48,985 current LCU per person | 10 |
| 1980s | 89,510 current LCU per person | 57,439 current LCU per person | 120,445 current LCU per person | 8 |
| 1990s | 175,856 current LCU per person | 170,842 current LCU per person | 180,871 current LCU per person | 2 |
| 2000s | 232,579 current LCU per person | 195,758 current LCU per person | 270,937 current LCU per person | 10 |
| 2010s | 355,623 current LCU per person | 273,025 current LCU per person | 432,699 current LCU per person | 10 |
| 2020s | 460,694 current LCU per person | 417,030 current LCU per person | 498,441 current LCU per person | 4 |
Countries ranked near Faroe Islands
- 65 Cape Verde 527,343 current LCU per person compare
- 66 Denmark 512,350 current LCU per person compare
- 67 Turkey 501,562 current LCU per person compare
- 69 North Macedonia 493,108 current LCU per person compare
- 70 Vanuatu 482,621 current LCU per person compare
- 71 Hong Kong 462,221 current LCU per person 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)
- World population growth -0.2% (2100)
- Population density 46.18 people per km² (2100)
- Number of children under 5, by world region 2,935 people (2100)
- Population growth rate, by level of development -0.2% (2100)
- Number of people living in urban and rural areas, annual growth rate 1.68 % change on previous year (2025)
Frequently asked questions
- What is gni (current lcu), per capita in Faroe Islands?
- Gni (current lcu), per capita in Faroe Islands was 498,441 current LCU per person in 2023, according to Statizoid (derived).
- What is the highest gni (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 498,441 current LCU per person in 2023.
- What is the lowest gni (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 14,910 current LCU per person in 1970.
- How does Faroe Islands rank for gni (current lcu), per capita?
- Faroe Islands ranks 68th out of 207 countries with data for 2023.
- Is gni (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 50.9%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (current LCU) ÷ Population, total
Computed from
- GNI UNESCO Institute for Statistics
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.