Faroe Islands GDP per Capita PPP
GDP per capita based on PPP NY.GDP.PCAP.PP.CD
Faroe Islands's gdp per capita ppp was $81,909 in 2024, ranked 14th globally. This represents a 2.8% increase from 2023. Data from World Bank, covering 2008–2024.
Overview
Faroe Islands's gdp per capita ppp stood at $81,909 in 2024, a rise of +$2,214 from 2023. Faroe Islands ranked 14th globally.
Faroe Islands’ GDP per capita measured in purchasing‑power‑parity terms has risen from 41,160.11 in 2008 to an all‑time peak of 81,908.78 in 2024, placing the territory 14th globally. The sharp dip to a trough of 39,330.60 in 2009, coinciding with the global financial crisis, was quickly reversed as fisheries revenues and high‑value services expanded, driving a sustained upward trajectory over the 17‑year coverage period. By 2024 the islands’ per‑capita output marginally exceeds Denmark’s 81,878.23 and closely trails Iceland’s 84,256.85, reflecting the comparative advantage of a small, export‑oriented economy with strong maritime links. The steady climb suggests that continued investment in renewable energy and diversification of the tourism sector could reinforce growth, while any adverse shifts in global fish markets or climate‑related disruptions would pose risks to the forward momentum.
Data & projection
| Year | GDP per Capita PPP | YoY change | Rank |
|---|---|---|---|
| 2024 | $81,909 | +$2,214 | #14 |
| 2023 | $79,695 | +$4,429 | #15 |
| 2022 | $75,266 | +$6,839 | #17 |
| 2021 | $68,427 | +$6,776 | #17 |
| 2020 | $61,651 | −$573 | #16 |
| 2019 | $62,223 | +$3,290 | #16 |
| 2018 | $58,933 | +$2,517 | #17 |
| 2017 | $56,416 | +$2,098 | #16 |
| 2016 | $54,318 | +$634 | #16 |
| 2015 | $53,684 | +$486 | #17 |
| 2014 | $53,198 | +$3,418 | #18 |
| 2013 | $49,781 | +$3,584 | #19 |
| 2012 | $46,197 | +$4,064 | #22 |
| 2011 | $42,133 | +$2,367 | #28 |
| 2010 | $39,767 | +$436 | #29 |
Analysis
Faroe Islands's gdp per capita ppp was $81,909 in 2024, a rise of +$2,214 from 2023.
Frequently Asked Questions
Faroe Islands's gdp per capita ppp was $81,909 in 2024. Ranked 14th globally. This represents a 2.8% increase from the previous year.
Faroe Islands's gdp per capita ppp peaked at $81,909 in 2024.
The lowest gdp per capita ppp in Faroe Islands was $39,331 in 2009.
Faroe Islands ranks 14th globally in gdp per capita ppp as of 2024.
The World Bank indicator code is NY.GDP.PCAP.PP.CD. Data sourced from World Bank.
The gdp per capita ppp of Faroe Islands in 2024 was $81,909. This ranks 14th in the world.
Cite this page
@misc{historysaid_faroe-islands_gdp-per-capita-ppp,
title = {Faroe Islands GDP per Capita PPP},
url = {https://historysaid.com/faroe-islands/gdp-per-capita-ppp/},
publisher = {HistorySaid},
year = {2026}
}