Faroe Islands — GDP per capita (PPP)
GDP per Capita (PPP) for Faroe Islands, 2008–2024.
GDP per capita (PPP) for Faroe Islands was 82,089 in 2024, according to the latest World Bank data. The series covers 17 years, from 2008 to 2024. The latest year is also the highest value on record for this series. The lowest was 39,331 in 2009 (about 2.1× the low point). Across that span the compound annual growth rate works out to 4.41% per year.
Faroe Islands ranks 16 of 201 economies on this measure (1 = highest), putting it in the top 8%. The median for Europe & Central Asia is 52,106, so Faroe Islands sits above it. Over the last decade (2014–2024) the figure moved up 54%. Within Europe & Central Asia it ranks 8 of 53 economies; Andorra (79,567) is just below it. Its sharpest one-year move was up 11% in 2021. That is 28% above this series' own ten-year average.
Data highlights
Doubling roughly every 16 years at that pace.
World ranking. Climbed: 26th of 199 in 2008 → 29th of 200 in 2010 → 15th of 198 in 2020 → 14th of 195 in 2024.
Key figures
Full history — 2008 to 2024
| Year | current international $ | Change |
|---|---|---|
| 2024 | 82,089.28 | +2.9% |
| 2023 | 79,784.08 | +6.0% |
| 2022 | 75,266.3 | +10.0% |
| 2021 | 68,433.21 | +11.0% |
| 2020 | 61,655.54 | -0.9% |
| 2019 | 62,225.85 | +5.6% |
| 2018 | 58,931.98 | +4.5% |
| 2017 | 56,417.36 | +3.9% |
| 2016 | 54,319.4 | +1.2% |
| 2015 | 53,685.47 | +0.9% |
| 2014 | 53,199.51 | +6.9% |
| 2013 | 49,781.87 | +7.8% |
| 2012 | 46,197.8 | +9.6% |
| 2011 | 42,134.08 | +6.0% |
| 2010 | 39,767.41 | +1.1% |
| 2009 | 39,331.4 | -4.4% |
| 2008 | 41,160.11 | — |
Frequently asked questions
What was Faroe Islands’s GDP per capita (PPP) in 2009?
39,331.4 (2009). The full year-by-year table above lists every published year, most recent first.
Are Faroe Islands’s GDP per capita (PPP) figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current international $ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Faroe Islands’s GDP per capita (PPP) growing or shrinking?
Between 2008 and 2024 the series was growing overall: +99.4% in total — about 4.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.PCAP.PP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 82,089.28; 2023: 79,784.08; 2022: 75,266.3; 2021: 68,433.21; 2020: 61,655.54. Earlier years are in the full-history table below.
Related data
NY.GDP.PCAP.PP.CD — GDP per Capita (PPP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.