Faroe Islands: GDP per capita, current dollars

The latest value from 2024 is 74175.28 U.S. dollars, an increase from 72486.69 U.S. dollars in 2023. In comparison, the world average is 22140.13 U.S. dollars, based on data from 189 countries. Historically, the average for the Faroe Islands from 1965 to 2024 is 27995.35 U.S. dollars. The minimum value, 1594.48 U.S. dollars, was reached in 1965 while the maximum of 74175.28 U.S. dollars was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.