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Faroe Islands GDP per Capita

Faroe Islands' GDP per capita rose to $58,711.47 in 2023, up from $57,829.49 in 2022, according to World Bank. This represents an increase of 1.5% ($881.98) from the previous year. Faroe Islands has the 15th highest GDP per capita. Within Europe, it ranks 8th out of 47 countries.

Faroe Islands' GDP rose to $3.91 billion in 2023, up from $3.57 billion in 2022.

Yearly Historical Data (2008-2023)

(in USD)
Year GDP per Capita (USD)
2023 58,711.47
2022 57,829.49
2021 56,495.3
2020 54,299.59
2019 56,028.42
2018 54,433.59
2017 53,831.03
2016 52,757.4
2015 52,635.04
2014 52,644.79
2013 50,120.75
2012 47,303.87
2011 43,946.25
2010 42,333.52
2009 42,378.22
2008 44,623.03
Faroe Islands GDP per Capita : Definition
GDP per Capita measures total economic output for Faroe Islands divided by the number of people, adjusted to 2015 prices and measured in US dollars.
Indicator Last Value Prior Value Period
GDP $3.91B $3.57B 2023
GDP Annual Growth Rate 2.49% 3.56% 2023
GDP per Capita PPP $70,428.96 $69,370.95 2023
Real GDP $3.2B $3.12B 2023