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Faroe Islands — GDP per capita (PPP)
GDP per Capita (PPP) for Faroe Islands, 2008–2024.
Latest value · 2024
82,089
GDP per Capita (PPP) · current international $ · +99.4% since 2008
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%.
Key figures
Latest (2024)
82,089
First (2008)
41,160
Change
+99.4%
Highest
82,089
in 2024
Lowest
39,331
in 2009
Average
56,728
Annual growth (CAGR)
4.41%
Years of data
17
Recent years
| Year | current international $ |
|---|---|
| 2024 | 82,089.28 |
| 2023 | 79,784.08 |
| 2022 | 75,266.3 |
| 2021 | 68,433.21 |
| 2020 | 61,655.54 |
| 2019 | 62,225.85 |
| 2018 | 58,931.98 |
| 2017 | 56,417.36 |
| 2016 | 54,319.4 |
| 2015 | 53,685.47 |
| 2014 | 53,199.51 |
| 2013 | 49,781.87 |
Reading this correctly. GDP per capita adjusted for purchasing power parity. More meaningful than the nominal figure when comparing actual living standards across countries with very different price levels. Figures are in current international $. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.