Faroe Islands: GDP per capita, constant dollars

The latest value from 2022 is 59699.2 U.S. dollars, an increase from 56856.68 U.S. dollars in 2021. In comparison, the world average is 16535.72 U.S. dollars, based on data from 188 countries. Historically, the average for the Faroe Islands from 2008 to 2022 is 50965.78 U.S. dollars. The minimum value, 42510.35 U.S. dollars, was reached in 2010 while the maximum of 59699.2 U.S. dollars was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 U.S. dollars.