Faroe Islands PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Faroe Islands's ppp conversion factor was 6.10 in 2025, ranked 96th globally. This represents a 2.2% decrease from 2024. Data from World Bank, covering 2008–2025.
Overview
Faroe Islands's ppp conversion factor stood at 6.10 in 2025, a decline of +0.13 from 2024. Based on recent trends, this figure is projected to reach 6.10 by 2025. Faroe Islands ranked 96th globally.
The Faroe Islands' PPP Conversion Factor has demonstrated moderate fluctuations over the past 18 years, with a notable peak in 2016 at 7.05. This represents the highest value recorded by the country, exceeding the current global average. Conversely, the latest available data from 2025 indicates a trough at 6.10, a decline of 0.95 points from its peak. This value is positioned below the global average and is closest to Eswatini's 6.08, suggesting a relatively low purchasing power parity in the Faroe Islands compared to its peers. Egypt, Arab Republic of, for instance, boasts a PPP Conversion Factor of 6.32, a notable difference from the Faroe Islands. The decline since 2016 likely reflects the global economic trends and the island nation's potential susceptibility to commodity price fluctuations. A sustained increase in the price of Faroese fish and seafood exports, which constitute a significant share of the country's GDP, could potentially alter this trend and drive the PPP Conversion Factor upwards in the future.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.94 | - | - |
| 2026* trend | 6.02 | - | - |
| 2025* trend | 6.10 | - | - |
| 2025 | 6.10 | −0.13 | #96 |
| 2024 | 6.24 | −0.03 | #97 |
| 2023 | 6.26 | −0.04 | #104 |
| 2022 | 6.30 | −0.07 | #106 |
| 2021 | 6.38 | −0.23 | #108 |
| 2020 | 6.61 | −0.15 | #110 |
| 2019 | 6.76 | +0.06 | #110 |
| 2018 | 6.70 | −0.25 | #109 |
| 2017 | 6.95 | −0.10 | #115 |
| 2016 | 7.05 | +0.45 | #114 |
| 2015 | 6.60 | +0.25 | #114 |
| 2014 | 6.35 | +0.06 | #115 |
| 2013 | 6.29 | −0.01 | #115 |
| 2012 | 6.30 | −0.28 | #114 |
| 2011 | 6.58 | −0.20 | #117 |
Analysis
Faroe Islands's ppp conversion factor was 6.10 in 2025, a decline of −0.13 from 2024. Based on trends, estimated 6.10 by 2025.
Frequently Asked Questions
Faroe Islands's ppp conversion factor was 6.10 in 2025. Ranked 96th globally. This represents a 2.2% decrease from the previous year.
Faroe Islands's ppp conversion factor peaked at 7.05 in 2016.
The lowest ppp conversion factor in Faroe Islands was 6.10 in 2025.
Faroe Islands ranks 96th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Faroe Islands's ppp conversion factor is projected to reach 6.10 by 2025 based on trend extrapolation.
The ppp conversion factor of Faroe Islands in 2025 was 6.10. This ranks 96th in the world.
Cite this page
@misc{historysaid_faroe-islands_ppp-conversion-factor,
title = {Faroe Islands PPP Conversion Factor},
url = {https://historysaid.com/faroe-islands/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}