Price level ratio of PPP conversion factor (GDP) to market exchange in Faroe Islands
Faroe Islands: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.9182 in 2023. ▼ Falling
Price level ratio of PPP conversion factor (GDP) to market exchange in Faroe Islands, 2008–2023
Source: UNESCO Institute for Statistics.
Analysis
The most recent figure for price level ratio of ppp conversion factor (gdp) to market exchange in Faroe Islands is 0.9182, measured in 2023.
That represents a change of up 3.2% on the previous year and down 18.0% over ten years.
Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in Faroe Islands peaked at 1.25 in 2008 and was at its lowest, 0.89, in 2022.
Faroe Islands ranks 14th of 202 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Price level ratio of PPP conversion factor (GDP) to market exchange in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 1.25 | — |
| 2009 | 1.2 | -4.0% |
| 2010 | 1.21 | +0.7% |
| 2011 | 1.23 | +1.7% |
| 2012 | 1.09 | -11.2% |
| 2013 | 1.12 | +2.9% |
| 2014 | 1.13 | +1.0% |
| 2015 | 0.9805 | -13.3% |
| 2016 | 1.05 | +6.8% |
| 2017 | 1.05 | +0.5% |
| 2018 | 1.06 | +0.8% |
| 2019 | 1.01 | -4.5% |
| 2020 | 1.01 | -0.4% |
| 2021 | 1.01 | +0.5% |
| 2022 | 0.89 | -12.3% |
| 2023 | 0.9182 | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 | 1.2 | 1.25 | 2 |
| 2010s | 1.09 | 0.9805 | 1.23 | 10 |
| 2020s | 0.9581 | 0.89 | 1.01 | 4 |
Countries ranked near Faroe Islands
- 11 Micronesia, Federated States of 0.9585 compare
- 12 Bahamas 0.9577 compare
- 13 Naoero 0.9368 compare
- 15 Luxembourg 0.9121 compare
- 16 Marshall Islands 0.9108 compare
- 17 Palau 0.9069 compare
More population data for Faroe Islands
- Un population 2024 vs 2022, annual growth rate 0.1096 % change on previous year (2100)
- Population long run 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 regions with projections, annual growth rate -0.2397 % change on previous year (2100)
- Population growth rate, by level of development -0.2% (2100)
- Number of children under 5, by world region 2,935 people (2100)
- Population density 46.18 people per km² (2100)
- World population growth -0.2% (2100)
- Projected population under age 5, annual growth rate -0.4747 % change on previous year (2100)
- Urban and rural population 2050, per capita 0.6157 units per person (2025)
Frequently asked questions
- What is price level ratio of ppp conversion factor (gdp) to market exchange in Faroe Islands?
- Price level ratio of ppp conversion factor (gdp) to market exchange in Faroe Islands was 0.9182 in 2023, according to UNESCO Institute for Statistics.
- What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Faroe Islands?
- The highest recorded value was 1.25 in 2008.
- What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Faroe Islands?
- The lowest recorded value was 0.89 in 2022.
- How does Faroe Islands rank for price level ratio of ppp conversion factor (gdp) to market exchange?
- Faroe Islands ranks 14th out of 202 countries with data for 2023.
- Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in Faroe Islands?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release