Faroe Islands - GDP per capita
GDP per capita (current US$)
The latest value for GDP per capita (current US$) in Faroe Islands was $64,225 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $64,225 in 2019 and $22,652 in 2000.
Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $24,035 |
| 1999 | $24,129 |
| 2000 | $22,652 |
| 2001 | $24,419 |
| 2002 | $26,732 |
| 2003 | $31,493 |
| 2004 | $35,467 |
| 2005 | $36,199 |
| 2006 | $41,522 |
| 2007 | $47,886 |
| 2008 | $50,864 |
| 2009 | $47,442 |
| 2010 | $48,541 |
| 2011 | $52,093 |
| 2012 | $49,460 |
| 2013 | $54,843 |
| 2014 | $59,434 |
| 2015 | $52,400 |
| 2016 | $56,854 |
| 2017 | $59,993 |
| 2018 | $62,918 |
| 2019 | $64,225 |
GDP per capita (current LCU)
The value for GDP per capita (current LCU) in Faroe Islands was 428,344 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 428,344 in 2019 and a minimum value of 161,056 in 1998.
Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 161,056 |
| 1999 | 168,332 |
| 2000 | 183,097 |
| 2001 | 203,232 |
| 2002 | 211,038 |
| 2003 | 207,469 |
| 2004 | 212,487 |
| 2005 | 217,079 |
| 2006 | 246,921 |
| 2007 | 260,675 |
| 2008 | 259,310 |
| 2009 | 254,331 |
| 2010 | 273,002 |
| 2011 | 279,670 |
| 2012 | 286,495 |
| 2013 | 308,017 |
| 2014 | 333,572 |
| 2015 | 352,544 |
| 2016 | 382,725 |
| 2017 | 396,128 |
| 2018 | 397,303 |
| 2019 | 428,344 |
GDP per capita (constant 2010 US$)
Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 52,400 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
