Faroe Islands - GDP per Capita 2023
$72,465
+$5,407 from 2022
Faroe Islands's gdp per capita was $72,465 in 2023, increased +$5,407 from $67,058 in 2022. This was the 14th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Monaco | $256,800 | 13.6% |
| 2nd | Liechtenstein | $206,781 | 11.2% |
| 3rd | Luxembourg | $133,231 | 6.3% |
| 4th | Bermuda | $132,604 | 9.0% |
| 5th | Ireland | $106,819 | 2.0% |
| 6th | Switzerland | $100,624 | 6.1% |
| 7th | Cayman Islands | $99,144 | 6.6% |
| 8th | Norway | $87,497 | -19.7% |
| 9th | Singapore | $85,412 | -5.4% |
| 10th | Iceland | $82,139 | 2.8% |
| 11th | Qatar | $81,817 | 1.8% |
| 12th | United States | $81,032 | 4.0% |
| 13th | Channel Islands | $74,586 | 10.3% |
| 14th | Faroe Islands | $72,465 | 8.1% |
| 15th | Denmark | $68,044 | -0.1% |
| 16th | Macao SAR, China | $67,216 | 80.9% |
| 17th | Australia | $65,058 | -0.8% |
| 18th | Netherlands | $63,516 | 6.7% |
| 19th | San Marino | $59,880 | 11.1% |
| 20th | Greenland | $58,499 | 5.1% |
| 21st | Austria | $56,580 | 7.6% |
| 22nd | Belgium | $55,291 | 8.1% |
| 23rd | Sweden | $54,950 | 0.5% |
| 24th | Germany | $54,777 | 7.5% |
| 25th | Canada | $54,220 | -3.8% |
| 26th | Finland | $52,834 | 4.5% |
| 27th | Israel | $52,004 | -5.4% |
| 28th | Hong Kong SAR, China | $50,562 | 5.3% |
| 29th | United Kingdom | $49,944 | 8.0% |
| 30th | United Arab Emirates | $49,851 | 0.3% |
| 31st | New Zealand | $49,076 | 1.9% |
| 32nd | Andorra | $46,812 | 13.1% |
| 33rd | France | $44,700 | 8.8% |
| 34th | European Union | $41,567 | 9.2% |
| 35th | Malta | $40,906 | 12.3% |
| 36th | Sint Maarten (Dutch part) | $39,452 | 4.4% |
| 37th | Italy | $39,277 | 10.1% |
| 38th | Bahamas, The | $38,232 | 9.9% |
| 39th | Puerto Rico (US) | $36,981 | 3.9% |
| 40th | Cyprus | $36,624 | 7.0% |
| 41st | Saudi Arabia | $36,157 | -6.1% |
| 42nd | Aruba | $35,719 | 19.4% |
| 43rd | Korea | $35,674 | 2.4% |
| 44th | Turks and Caicos Islands | $35,470 | 13.4% |
| 45th | Kuwait | $34,076 | -11.0% |
| 46th | Japan | $33,836 | -0.7% |
| 47th | New Caledonia | $33,702 | 0.6% |
| 48th | Spain | $33,493 | 11.1% |
| 49th | Brunei Darussalam | $32,891 | -12.2% |
| 50th | Slovenia | $32,660 | 14.8% |
| 51st | Czechia | $31,762 | 13.9% |
| 52nd | Estonia | $30,264 | 6.7% |
| 53rd | Bahrain | $29,290 | -3.9% |
| 54th | Lithuania | $27,786 | 10.7% |
| 55th | Portugal | $27,635 | 12.5% |
| 56th | Barbados | $25,584 | 18.3% |
| 57th | Slovak Republic | $24,615 | 15.3% |
| 58th | Greece | $23,344 | 11.5% |
| 59th | Uruguay | $23,019 | 14.2% |
| 60th | Latvia | $22,710 | 12.0% |
| 61st | St. Kitts and Nevis | $22,577 | 18.2% |
| 62nd | Hungary | $22,231 | 19.8% |
| 63rd | Croatia | $22,184 | 20.0% |
| 64th | Poland | $22,145 | 17.4% |
| 65th | French Polynesia | $21,832 | 8.9% |
| 66th | Antigua and Barbuda | $21,495 | 16.0% |
| 67th | Curaçao | $21,218 | 5.8% |
| 68th | Oman | $21,028 | -5.6% |
| 69th | Guyana | $20,474 | 10.1% |
| 70th | Panama | $18,797 | 8.0% |
| 71st | Trinidad and Tobago | $18,308 | -8.6% |
| 72nd | Seychelles | $18,263 | -10.5% |
| 73rd | Romania | $18,244 | 17.0% |
| 74th | Chile | $17,067 | 12.3% |
| 75th | Costa Rica | $16,942 | 28.0% |
| 76th | Bulgaria | $15,853 | 12.7% |
| 77th | Palau | $15,611 | 11.1% |
| 78th | Argentina | $14,262 | 4.1% |
| 79th | Russian Federation | $14,159 | -9.5% |
| 80th | Mexico | $13,861 | 22.8% |
| 81st | St. Lucia | $13,555 | 3.8% |
| 82nd | Türkiye | $13,375 | 22.9% |
| 83rd | China | $12,951 | -0.1% |
| 84th | Kazakhstan | $12,879 | 12.1% |
| 85th | Nauru | $12,752 | -1.3% |
| 86th | Maldives | $12,588 | -20.2% |
| 87th | Serbia | $12,282 | 22.5% |
| 88th | Montenegro | $12,260 | 22.0% |
| 89th | Grenada | $11,414 | 6.7% |
| 90th | Malaysia | $11,386 | -8.8% |
| 91st | Mauritius | $11,270 | 10.1% |
| 92nd | Dominican Republic | $10,630 | -0.8% |
| 93rd | St. Vincent and the Grenadines | $10,582 | 20.9% |
| 94th | Brazil | $10,378 | 12.1% |
| 95th | Dominica | $9,913 | 21.0% |
| 96th | Albania | $9,731 | 40.9% |
| 97th | North Macedonia | $8,674 | 13.8% |
| 98th | Bosnia and Herzegovina | $8,663 | 22.4% |
| 99th | Georgia | $8,284 | 22.3% |
| 100th | Armenia | $8,159 | 24.8% |
| 101st | Belarus | $7,897 | -1.2% |
| 102nd | Peru | $7,888 | 6.1% |
| 103rd | Botswana | $7,826 | 1.3% |
| 104th | Gabon | $7,803 | -17.7% |
| 105th | Jamaica | $7,542 | 10.6% |
| 106th | Belize | $7,425 | 3.7% |
| 107th | Thailand | $7,195 | 1.7% |
| 108th | Azerbaijan | $7,133 | -8.9% |
| 109th | Colombia | $7,001 | 4.7% |
| 110th | Moldova | $6,800 | 20.1% |
| 111th | Marshall Islands | $6,793 | 11.0% |
| 112th | Ecuador | $6,738 | 2.8% |
| 113th | Equatorial Guinea | $6,678 | -27.1% |
| 114th | Tuvalu | $6,345 | 23.8% |
| 115th | Paraguay | $6,300 | 0.9% |
| 116th | Turkmenistan | $6,232 | -29.3% |
| 117th | Kosovo | $6,221 | 17.6% |
| 118th | South Africa | $6,034 | -9.1% |
| 119th | Libya | $6,027 | -5.6% |
| 120th | Iraq | $5,965 | -12.5% |
| 121st | Fiji | $5,926 | 8.5% |
| 122nd | Mongolia | $5,839 | 17.7% |
| 123rd | Guatemala | $5,758 | 7.5% |
| 124th | Tonga | $5,652 | 9.7% |
| 125th | Suriname | $5,522 | -4.5% |
| 126th | Algeria | $5,370 | 7.8% |
| 127th | El Salvador | $5,365 | 5.7% |
| 128th | Ukraine | $5,140 | 9.5% |
| 129th | Iran, Islamic Republic of | $5,049 | 6.3% |
| 130th | Indonesia | $4,876 | 1.9% |
| 131st | Samoa | $4,823 | 12.0% |
| 132nd | Cabo Verde | $4,795 | 7.9% |
| 133rd | Jordan | $4,466 | 3.2% |
| 134th | Viet Nam | $4,323 | 4.6% |
| 135th | Bolivia, Plurinational State of | $4,275 | 15.3% |
| 136th | Namibia | $4,188 | -5.0% |
| 137th | Tunisia | $3,951 | 7.5% |
| 138th | Micronesia, Federated States of | $3,920 | -10.7% |
| 139th | Bhutan | $3,831 | 4.3% |
| 140th | Morocco | $3,814 | 6.6% |
| 141st | Philippines | $3,804 | 4.4% |
| 142nd | Sri Lanka | $3,799 | 14.1% |
| 143rd | Eswatini | $3,756 | -9.4% |
| 144th | Vanuatu | $3,483 | 8.6% |
| 145th | Lebanon | $3,478 | -22.9% |
| 146th | Egypt, Arab Republic of | $3,457 | -24.6% |
| 147th | West Bank and Gaza | $3,455 | -3.5% |
| 148th | Djibouti | $3,381 | -3.6% |
| 149th | Honduras | $3,227 | 5.7% |
| 150th | São Tomé and Principe | $2,991 | 24.0% |
| 151st | Papua New Guinea | $2,966 | 12.7% |
| 152nd | Angola | $2,916 | -27.1% |
| 153rd | Uzbekistan | $2,879 | 12.7% |
| 154th | Nicaragua | $2,609 | 13.0% |
| 155th | Côte d'Ivoire | $2,592 | 10.2% |
| 156th | Bangladesh | $2,551 | -6.6% |
| 157th | India | $2,530 | 7.8% |
| 158th | Congo, Republic of | $2,478 | 5.9% |
| 159th | Cambodia | $2,430 | 4.7% |
| 160th | Ghana | $2,384 | 6.9% |
| 161st | Zimbabwe | $2,195 | -26.7% |
| 162nd | Kiribati | $2,178 | -0.7% |
| 163rd | Nigeria | $2,139 | -26.1% |
| 164th | Kyrgyz Republic | $2,138 | 18.4% |
| 165th | Mauritania | $2,136 | -3.2% |
| 166th | Lao PDR | $2,067 | 2.2% |
| 167th | Kenya | $1,943 | -14.3% |
| 168th | Solomon Islands | $1,883 | -9.4% |
| 169th | Cameroon | $1,720 | 7.0% |
| 170th | Haiti | $1,706 | 3.8% |
| 171st | Senegal | $1,698 | 8.2% |
| 172nd | Comoros | $1,560 | 8.5% |
| 173rd | Guinea | $1,555 | 16.5% |
| 174th | Timor-Leste | $1,502 | -36.2% |
| 175th | Benin | $1,394 | 10.0% |
| 176th | Nepal | $1,382 | -0.3% |
| 177th | Pakistan | $1,360 | -17.6% |
| 178th | Zambia | $1,331 | -8.7% |
| 179th | Myanmar | $1,233 | -0.5% |
| 180th | Tanzania | $1,224 | 1.5% |
| 181st | Tajikistan | $1,178 | 8.2% |
| 182nd | Togo | $1,055 | 17.9% |
| 183rd | Mali | $1,044 | 24.7% |
| 184th | Rwanda | $1,027 | 2.2% |
| 185th | Uganda | $1,002 | -7.1% |
| 186th | Guinea-Bissau | $988 | 8.9% |
| 187th | Chad | $949 | -8.4% |
| 188th | Lesotho | $916 | -7.1% |
| 189th | Gambia, The | $883 | 6.2% |
| 190th | Burkina Faso | $873 | 5.4% |
| 191st | Liberia | $799 | 8.0% |
| 192nd | Sudan | $797 | 11.1% |
| 193rd | Sierra Leone | $758 | -11.8% |
| 194th | Congo, Democratic Republic of | $660 | -3.4% |
| 195th | Niger | $638 | 7.7% |
| 196th | Malawi | $633 | 11.6% |
| 197th | Mozambique | $622 | 8.6% |
| 198th | Somalia, Fed. Rep. | $597 | -8.7% |
| 199th | Madagascar | $509 | -3.9% |
| 200th | Central African Republic | $496 | 1.2% |
| 201st | South Sudan | $493 | -4.5% |
| 202nd | Yemen, Republic of | $493 | -20.0% |
| 203rd | Afghanistan | $414 | 16.4% |
| 204th | Burundi | $251 | -14.9% |
FAQ
What was Faroe Islands's gdp per capita in 2023?▾
Faroe Islands's gdp per capita in 2023 was $72,465. This ranked 14th globally.
How did Faroe Islands's gdp per capita change in 2023?▾
Faroe Islands's gdp per capita increased by 8.1% in 2023 compared to 2022.
Which country had the highest gdp per capita in 2023?▾
Monaco had the highest gdp per capita in 2023 at $256,800.
What is the gdp per capita of Faroe Islands in 2023?▾
The gdp per capita of Faroe Islands in 2023 was $72,465. This ranked 14th globally.
How does 2023 compare to 2022 for Faroe Islands's gdp per capita?▾
Faroe Islands's gdp per capita went from $67,058 in 2022 to $72,465 in 2023, a 8.1% increase.
Related
2022
2024
All years
Full ranking 2023
GDP
GDP Growth
GDP PPP
GNI
GNI per Capita
Peak: 2024
Lowest: 1965
GDP per Capita 1990s
GDP per Capita 2000s
GDP per Capita 2010s
GDP per Capita 2020s
Highest ever
Lowest ever
Average
vs Channel Islands
vs Macao SAR, China
vs Netherlands
vs Denmark
Global Ranking