GNI (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: GNI (current LCU), per unit of GDP was 6.88 current LCU per US$ of GDP in 2023. ▬ Flat
Latest (2023)
6.88 current LCU per US$ of GDP
Change on year
down 3.9%
World rank
116th
of 206 countries
All-time high
10.16 current LCU per US$ of GDP
in 1985
All-time low
4.64 current LCU per US$ of GDP
in 1979
Years of data
44
1970–2023
GNI (current LCU), per unit of GDP in Faroe Islands, 1970–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 6.88 current LCU per US$ of GDP for gni (current lcu), per unit of gdp in 2023.
That represents a change of down 3.9% on the previous year and up 16.1% over ten years.
Over the whole period, gni (current lcu), per unit of gdp in Faroe Islands peaked at 10.16 current LCU per US$ of GDP in 1985 and was at its lowest, 4.64 current LCU per US$ of GDP, in 1979.
That places Faroe Islands 116th out of 206 countries with data for 2023, putting it in the middle of the range.
GNI (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 6.72 current LCU per US$ of GDP | — |
| 1971 | 6.64 current LCU per US$ of GDP | -1.2% |
| 1972 | 6.25 current LCU per US$ of GDP | -5.9% |
| 1973 | 5.41 current LCU per US$ of GDP | -13.4% |
| 1974 | 5.53 current LCU per US$ of GDP | +2.3% |
| 1975 | 5.24 current LCU per US$ of GDP | -5.3% |
| 1976 | 5.41 current LCU per US$ of GDP | +3.3% |
| 1977 | 5.36 current LCU per US$ of GDP | -1.0% |
| 1978 | 4.91 current LCU per US$ of GDP | -8.4% |
| 1979 | 4.64 current LCU per US$ of GDP | -5.4% |
| 1980 | 5.02 current LCU per US$ of GDP | +8.1% |
| 1981 | 6.2 current LCU per US$ of GDP | +23.5% |
| 1982 | 7.42 current LCU per US$ of GDP | +19.8% |
| 1983 | 8.19 current LCU per US$ of GDP | +10.4% |
| 1984 | 10.02 current LCU per US$ of GDP | +22.3% |
| 1985 | 10.16 current LCU per US$ of GDP | +1.4% |
| 1986 | 7.56 current LCU per US$ of GDP | -25.6% |
| 1987 | 6.35 current LCU per US$ of GDP | -16.1% |
| 1998 | 6.91 current LCU per US$ of GDP | +8.9% |
| 1999 | 7.24 current LCU per US$ of GDP | +4.8% |
| 2000 | 8.39 current LCU per US$ of GDP | +15.9% |
| 2001 | 8.54 current LCU per US$ of GDP | +1.8% |
| 2002 | 8.14 current LCU per US$ of GDP | -4.7% |
| 2003 | 6.83 current LCU per US$ of GDP | -16.1% |
| 2004 | 6.22 current LCU per US$ of GDP | -8.9% |
| 2005 | 6.2 current LCU per US$ of GDP | -0.2% |
| 2006 | 6.15 current LCU per US$ of GDP | -1.0% |
| 2007 | 5.6 current LCU per US$ of GDP | -8.8% |
| 2008 | 5.13 current LCU per US$ of GDP | -8.5% |
| 2009 | 5.24 current LCU per US$ of GDP | +2.1% |
| 2010 | 5.7 current LCU per US$ of GDP | +8.7% |
| 2011 | 5.66 current LCU per US$ of GDP | -0.7% |
| 2012 | 6.09 current LCU per US$ of GDP | +7.7% |
| 2013 | 5.92 current LCU per US$ of GDP | -2.8% |
| 2014 | 5.81 current LCU per US$ of GDP | -1.8% |
| 2015 | 6.91 current LCU per US$ of GDP | +18.8% |
| 2016 | 6.98 current LCU per US$ of GDP | +1.0% |
| 2017 | 6.82 current LCU per US$ of GDP | -2.2% |
| 2018 | 6.49 current LCU per US$ of GDP | -4.8% |
| 2019 | 6.86 current LCU per US$ of GDP | +5.6% |
| 2020 | 6.7 current LCU per US$ of GDP | -2.3% |
| 2021 | 6.44 current LCU per US$ of GDP | -3.8% |
| 2022 | 7.16 current LCU per US$ of GDP | +11.0% |
| 2023 | 6.88 current LCU per US$ of GDP | -3.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.88 current LCU per US$ of GDP is above the median for high income countries, which is 1.33 current LCU per US$ of GDP, 5.2× the median. (77 countries reporting)
- Faroe Islands's 6.88 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 1.67 current LCU per US$ of GDP, 4.1× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.61 current LCU per US$ of GDP | 4.64 current LCU per US$ of GDP | 6.72 current LCU per US$ of GDP | 10 |
| 1980s | 7.61 current LCU per US$ of GDP | 5.02 current LCU per US$ of GDP | 10.16 current LCU per US$ of GDP | 8 |
| 1990s | 7.07 current LCU per US$ of GDP | 6.91 current LCU per US$ of GDP | 7.24 current LCU per US$ of GDP | 2 |
| 2000s | 6.64 current LCU per US$ of GDP | 5.13 current LCU per US$ of GDP | 8.54 current LCU per US$ of GDP | 10 |
| 2010s | 6.33 current LCU per US$ of GDP | 5.66 current LCU per US$ of GDP | 6.98 current LCU per US$ of GDP | 10 |
| 2020s | 6.79 current LCU per US$ of GDP | 6.44 current LCU per US$ of GDP | 7.16 current LCU per US$ of GDP | 4 |
Countries ranked near Faroe Islands
- 113 Denmark 7.21 current LCU per US$ of GDP compare
- 114 China 7.15 current LCU per US$ of GDP compare
- 115 Trinidad and Tobago 7.01 current LCU per US$ of GDP compare
- 117 Bolivia 6.08 current LCU per US$ of GDP compare
- 118 Brazil 5.21 current LCU per US$ of GDP compare
- 119 Turkmenistan 5.03 current LCU per US$ of GDP 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 unit of gdp in Faroe Islands?
- Gni (current lcu), per unit of gdp in Faroe Islands was 6.88 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gni (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 10.16 current LCU per US$ of GDP in 1985.
- What is the lowest gni (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 4.64 current LCU per US$ of GDP in 1979.
- How does Faroe Islands rank for gni (current lcu), per unit of gdp?
- Faroe Islands ranks 116th out of 206 countries with data for 2023.
- Is gni (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 16.1%. The long-run trend across the full record is flat.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of GNI (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GNI (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (current LCU) ÷ GDP (current US$)
Computed from
- GNI UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.