GNI per capita (current LCU) (UNESCO Institute) in Faroe Islands
Faroe Islands: GNI per capita (current LCU) (UNESCO Institute) was 498,066 current LCU in 2023. ◆ Volatile
GNI per capita in Faroe Islands, 1970–2023
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
In 2023, gni per capita in Faroe Islands stood at 498,066 current LCU. That is the highest value across all 44 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 50.8% over ten years.
Over the whole period, gni per capita in Faroe Islands peaked at 498,066 current LCU in 2023 and was at its lowest, 14,910 current LCU, in 1970.
That places Faroe Islands 69th out of 207 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GNI per capita (current LCU) (UNESCO Institute) in Faroe Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 14,910 current LCU | — |
| 1971 | 17,019 current LCU | +14.1% |
| 1972 | 19,031 current LCU | +11.8% |
| 1973 | 22,005 current LCU | +15.6% |
| 1974 | 27,143 current LCU | +23.3% |
| 1975 | 29,363 current LCU | +8.2% |
| 1976 | 35,695 current LCU | +21.6% |
| 1977 | 44,955 current LCU | +25.9% |
| 1978 | 46,528 current LCU | +3.5% |
| 1979 | 48,985 current LCU | +5.3% |
| 1980 | 57,439 current LCU | +17.3% |
| 1981 | 64,801 current LCU | +12.8% |
| 1982 | 74,596 current LCU | +15.1% |
| 1983 | 89,210 current LCU | +19.6% |
| 1984 | 94,526 current LCU | +6.0% |
| 1985 | 102,107 current LCU | +8.0% |
| 1986 | 112,961 current LCU | +10.6% |
| 1987 | 120,447 current LCU | +6.6% |
| 1998 | 170,842 current LCU | +41.8% |
| 1999 | 180,871 current LCU | +5.9% |
| 2000 | 195,758 current LCU | +8.2% |
| 2001 | 212,536 current LCU | +8.6% |
| 2002 | 219,341 current LCU | +3.2% |
| 2003 | 213,528 current LCU | -2.7% |
| 2004 | 221,716 current LCU | +3.8% |
| 2005 | 225,770 current LCU | +1.8% |
| 2006 | 256,530 current LCU | +13.6% |
| 2007 | 270,937 current LCU | +5.6% |
| 2008 | 263,094 current LCU | -2.9% |
| 2009 | 246,578 current LCU | -6.3% |
| 2010 | 273,019 current LCU | +10.7% |
| 2011 | 292,083 current LCU | +7.0% |
| 2012 | 306,283 current LCU | +4.9% |
| 2013 | 330,253 current LCU | +7.8% |
| 2014 | 349,872 current LCU | +5.9% |
| 2015 | 363,708 current LCU | +4.0% |
| 2016 | 396,840 current LCU | +9.1% |
| 2017 | 405,309 current LCU | +2.1% |
| 2018 | 406,100 current LCU | +0.2% |
| 2019 | 432,674 current LCU | +6.5% |
| 2020 | 416,982 current LCU | -3.6% |
| 2021 | 447,236 current LCU | +7.3% |
| 2022 | 479,737 current LCU | +7.3% |
| 2023 | 498,066 current LCU | +3.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 498,066 current LCU is above the median for high income countries, which is 62,431 current LCU, 8.0× the median. (78 countries reporting)
- Faroe Islands's 498,066 current LCU is above the median for Europe & Central Asia, which is 57,770 current LCU, 8.6× the median. (54 countries reporting)
Biggest year-on-year movements
Years where GNI per capita (current LCU) (UNESCO Institute) 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% | 120,447 current LCU | 170,842 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30,564 current LCU | 14,910 current LCU | 48,985 current LCU | 10 |
| 1980s | 89,511 current LCU | 57,439 current LCU | 120,447 current LCU | 8 |
| 1990s | 175,856 current LCU | 170,842 current LCU | 180,871 current LCU | 2 |
| 2000s | 232,579 current LCU | 195,758 current LCU | 270,937 current LCU | 10 |
| 2010s | 355,614 current LCU | 273,019 current LCU | 432,674 current LCU | 10 |
| 2020s | 460,505 current LCU | 416,982 current LCU | 498,066 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 per capita in Faroe Islands?
- Gni per capita in Faroe Islands was 498,066 current LCU in 2023, according to UNESCO Institute for Statistics.
- What is the highest gni per capita recorded in Faroe Islands?
- The highest recorded value was 498,066 current LCU in 2023.
- What is the lowest gni per capita recorded in Faroe Islands?
- The lowest recorded value was 14,910 current LCU in 1970.
- How does Faroe Islands rank for gni per capita?
- Faroe Islands ranks 69th out of 207 countries with data for 2023.
- Is gni per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 50.8%. 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 per capita (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