The per capita sales volume of alcoholic beverages in the Faroe Islands fluctuated from 2009 to 2019. Faroe Islands gdp per capita for 2014 was $59,440, a 8.36% increase from 2013. Real Delaware per-capita GDP is 0.88% higher today than 5 years prior in 2014. Welfare of citizens, level of GDP and per capita income. Channel Islands gdp per capita for 2006 was $63,240, a 8.66% increase from 2005. Graphical depiction of Falkland Islands's product exports in 28 color-coded categories. Climate; GDP (current US$) Details. Faroe Islands is ranked among the highest in the world based on GDP per capita. Profit from additional features by authenticating your Admin account. The Gross Domestic Product per capita in Marshall Islands was last recorded at 3067 US dollars in 2018. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Islande - PIB par habitant. agriculture: 16%, industry: 29%, services: 55% (2007) Inflation . From 1998 to 2015 the Faroese GDP has more doubled from 7.4 billion DDK to 16.7 billion DDK. Choose country New, Everything you need to know about the industry development, Find studies from all around the internet. $39 per month* To learn more about cookies, click here. Iceland has a GDP per capita of $52,200 as of 2017, while in Faroe Islands, the GDP per capita is $40,000 as of 2014. Corporate solution including all features. Please do not hesitate to contact me. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Dataset: Education Statistics In Faroe Islands, 2.2% of adults are unemployed as of 2017. Strong points of Faroe Islands economy. Faroe Islands has a GDP per capita of $40,000 as of 2014, while in Ireland, the GDP per capita is $73,200 as of 2017. be 18.0% less likely to be live below the poverty line. Data Briefs. The GDP per capita in Faroe Islands is $30,500 while in The United States it is $52,800. Current Faeroe Islands GDP Per Capita is 50,581.97 USD. (NA) This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Barbados is ranked as “high income,” meaning a GDP per capita of at least $12,616). GNI per capita, Atlas method (current US$) Details. Then you can access your favorite statistics via the star in the header. Over the past 18 years, the value for this indicator has fluctuated between $59,440 in 2014 and $22,653 in 2000. GDP Growth Rate in 2017 was 25.14%, representing a change of 262,698,511 US$ over 2016, when Real GDP was $1,044,846,154. Graph and download revisions to economic data for from 2010 to 2010 about Faroe Islands, per capita, real, and GDP. In Ireland, however, that number is 8.2% as of 2013. be 3.0 times more likely to be unemployed. February 3, 2020. External links. Faroe Islands is ranked among the highest in the world based on GDP per capita. World Bank national accounts data, and OECD National Accounts data files. The islands have been connected politically to Denmark since the 14th century. Main industries and specialization of Faroe Islands in the worldwide market. Graph and download economic data for Constant GDP per capita for the Faroe Islands (NYGDPPCAPKDFRO) from 2010 to 2010 about Faroe Islands, per capita, real, and GDP. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The fisheries sector accounts for about 97% of exports and half of GDP. Details. The contributors to the GDP by sector (2010 forecast) are: Fisheries – 52.5% The Faroe Islands: GDP per capita, constant 2010 dollars: For that indicator, we provide data for the Faroe Islands from 2010 to 2010. Channel Islands gdp per capita for 2005 was $58,197, a 2.54% increase from 2004. have 12.0% more children. The Faroe Islands are eighteen islands off the coast of Northern Europe, between the Norwegian Sea and the north Atlantic Ocean.Its area is 1,399 square kilometres (540 sq. ... GDP Per Capita ($) : 40,000.00: GDP Growth Rate: 5.90%: Population Growth Rate: 0.55%: This page in other languages: Deutsch Immobilienpreise auf den Färöer-Inseln Português Preços de Imóveis nas ilhas Faroe License : CC BY-4.0 Economy. Average property prices and property investment indices in Faroe Islands. Country.io © 2014, All rights reserved. The GDP per Capita, in Cayman Islands, when adjusted by Purchasing Power Parity is equivalent to 399 … 2.4% (2015 est.) Both have been rising – in the main since 1998 – but growth has been slower the past few years. Over the past 18 years, the value for this indicator has fluctuated between $59,440 in 2014 and $22,653 in 2000. GDP - per capita (PPP): $40,000 (2014 est.) The Faroe Islands Scenery, Culture, and Economy. The Covid-19 pandemic is having a profound impact on socio-economic conditions, accentuating the already complex scenario faced by a region with significant structural weaknesses. The Faroe Islands are an island group consisting of 18 major islands (and a total of 779 islands, islets, and skerries) about 655 kilometres (407 mi) off the coast of Northern Europe, between the Norwegian Sea and the North Atlantic Ocean, about halfway between Iceland and Norway, the closest neighbours being the Northern Isles and the Outer Hebrides of Scotland. Gross domestic product (GDP) of the Faroe Islands from 2010 to 2020 (in million DKK) [Graph]. Graph and download economic data for Constant GDP per capita for the Faroe Islands (NYGDPPCAPKDFRO) from 2010 to 2010 about Faroe Islands, per capita, real, and GDP. (February 3, 2020). The figures for municipal finances, updated up to 2019, outline running costs and other expenses for each local council. 7.5% (2016 est.) It did, however, place them in bands based on estimated GDP per capita. Faroe Islands Currency: Year: Population: Surface: Density: Gross Domestic Product: GDP per capita: Purchase Power Parity: Budget: Military Budget: Imports: Exports: Forecast 2025. Nominal GDP, measured in current prices, grew 8.0% in 2015 and 7.8% in 2016. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Definition: GDP per capita is gross domestic product divided by midyear population. Characterization of the economics in terms of export and import figures. As the graph below shows, over the past 15 years this indicator reached a maximum value of 44,333 in 2007 and a minimum value of 30,126 in 2002. Graph and download revisions to economic data for from 1998 to 2018 about Faroe Islands, per capita, and GDP. The Latin American Economic Outlook (LEO) 2020 focuses on the role of digital transformation in helping to navigate through challenging times. Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about halfway between Iceland and Norway: GDP(PPP) $2,001,000,000.00 (USD) GDP (Per Capita) $40,000.00 (USD) Export Partners: Its major export partners are Russia, the United States, and the United Kingdom. Hagstova Føroya. Faroe Islands GDP - per capita (PPP) Factbook > Countries > Faroe Islands > Economy. The Faroese business sector is grad­ually becoming more and more di­versified. This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. GDP per capita, PPP (constant 2017 international $) - Faroe Islands, Greenland, France, Denmark from The World Bank: Data Learn how the World Bank Group is … US Virgin Islands GDP Per Capita chart, historic, and current data. The Faroe Islands are not part of the European Union. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. For comparison, the country with the largest GDP per capita is Luxembourg with approximately 96 … GDP per Capita in the Commonwealth of the Northern Mariana Islands (with a population of 56,562 people in 2017) was $23,117, an increase of $4,521 from $18,596 in 2016; this represents a change of 24.3% in GDP per capita. Fishing has been the main source of income for the Faroe Islands since the late 19th century, but dependence on fishing makes the economy vulnerable to price fluctuations. GDP per capita. The per capita figures make it possible to make direct comparisons between municipalities. Chart. Current US Virgin Islands GDP Per Capita is 34,954.97 USD. mi), and has no major lakes or rivers.There are 1,117 kilometres (694 mi) of coastline, and no land boundaries with any other country. In, Hagstova Føroya. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Islande - PIB par habitant. The vast majority of Faroese exports, around 90%, consists of fishery products. This feature is limited to our corporate solutions. Faeroe Islands GDP Per Capita table by year, historic, and current data. Show dollars as: Nominal Real Real GDP (2019 Dollars) in Rhode Island Trends Real in Rhode Island Real Per-Capita GDP & Population In 2018, the GDP per capita in Iceland amounted to around 73,868.07 U.S. dollars. No claims are made regarding theaccuracy of GDP - per capita (PPP) 2012 information contained here. GDP per capita (current US$) of Faroe Islands increased from 24,300.38 current US$ in 2001 to 50,581.97 current US$ in 2015 growing at an average annual rate of 5.72%. From 1998 to 2015 the Faroese GDP has more doubled from 7.4 billion DDK to 16.7 billion … GDP per capita Euros Real GDP growth % Inflation rate % Current account balance % of GDP Trade in goods Faroe Islands with World Source IMF EU27 with Faroe Islands Source Eurostat EU27 Merchandise trade with Faroe Islands by product (2019) - SITC (UN) & … It's ranking among other countries is 10. "Gross Domestic Product (Gdp) of The Faroe Islands from 2010 to 2020 (in Million Dkk). $50,000. Some values have been rounded to provide a better understanding of the statistic. Faroe Islands Jump to. The average value for the Faroe Islands during that period was 48530.23 U.S. dollars with a minimum of 48530.23 U.S. dollars in 2010 and a maximum of 48530.23 … In Iceland, there are approximately 13.3 babies per 1,000 people as of 2020. 36 inhabitants / sq. Answer: The GDP per capita ppp of The Faroe Islands is $48,200. Definition: GDP per capita is gross domestic product divided by midyear population. country comparison to the world (CIA rank, may be based on non-current data): 35 [see also: GDP - real growth rate country ranks] GDP - per capita: $40,000 (2014 est.) Quarterly unemployment rate in China Q3 2015-Q3 2020, Change in industrial production in China December 2020, China's invisible trade balance 2008-2018, Producer Price Index for the industrial sector in China December 2020. Population: Density: Gross Domestic Product: GDP per capita: Purchase Power Parity: Military Budget: Danish Krone DKK 2017 50,730 1,399 sq. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Îles Marshall - PIB par habitant. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Îles Caïmans - PIB par habitant. Life expectancy at birth, total (years) Details . Learn more about how Statista can support your business. The economy of the Faroe Islands was the 166th largest in the world in 2014, having a nominal gross domestic product (GDP) of $2.613 billion per annum. What is the gross domestic product (GDP) of the Faroe Islands? The Faroese economy is ranked amongst the highest in the world based on GDP per capita. The GDP per Capita in Marshall Islands is equivalent to … Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. GDP per capita (current LCU) The value for GDP per capita (current LCU) in Virgin Islands was 35,938 as of 2017. The latest value from 2010 is 48530.23 U.S. dollars. The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. Are you interested in testing our corporate solutions? Home Countries Rankings Data Contact. Bahrain, Canada, and Finland are expected to … All suggestions for corrections of any errors about GDP - per capita (PPP) 2012 should be addressed to the CIA. Channel Islands gdp per capita for 2007 was $74,463, a 17.75% increase from 2006. Statista. IT industry expectations of product performance 2016, National policy rate in Iceland 2010-2021, U.S., UK, and Canadian IT industry expectations of product over performance 2016, Gross national saving in Singapore 2010-2019, Respondents who believe that economy suffers in democracy MENA 2017-2018, Gross domestic product (GDP) of the Faroe Islands from 2010 to 2020 (in million DKK), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. New, Figures and insights about the advertising and media world, Industry Outlook The GDP per capita ppp of The Faroe Islands is: $48,200: NA #10: The GDP per capita ppp of The United States is: $46,400: NA #11: The GDP per capita ppp of Andorra is: $44,900: NA #12: The GDP per capita ppp of Guernsey is: $44,600: NA #13: The GDP per capita ppp of The Cayman Islands is: $43,800: NA #14: GDP - real growth rate: 5.9% (2017 est.) km. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: * Forecast. The average value for the Faroe Islands during that period was 48530.23 U.S. dollars with a minimum of 48530.23 U.S. dollars in 2010 and a maximum of 48530.23 U.S. dollars in 2010. Source: CIA World Factbook - This page was last updated on December 7, 2019. ", Hagstova Føroya, Gross domestic product (GDP) of the Faroe Islands from 2010 to 2020 (in million DKK) Statista, https://www.statista.com/statistics/806045/gdp-of-the-faroe-islands/ (last visited January 24, 2021), Gross domestic product (GDP) of the Faroe Islands from 2010 to 2020, Gross domestic product (GDP) of China 1985-2025, China's share of global gross domestic product (GDP) 2009-2025, Gross domestic product (GDP) growth rate in China 2011-2025, Quarterly gross domestic product (GDP) growth rate in China Q4 2018-Q4 2020, GDP distribution across economic sectors in China 2009-2019, Gross domestic product (GDP) of China 2019, by region, Chinese cities with the highest GDP in 2019, Gross domestic product (GDP) per capita in China 1985-2025, Monthly inflation rate in China December 2020, Consumer Price Index (CPI) in China by sector and area December 2020, Monthly Consumer Price Index (CPI) in China by region December 2020, Inequality of income distribution in China based on the Gini index 2004-2019, Number of employed people in China 2009-2019, Monthly surveyed urban unemployment rate in China December 2020, Annual change of industrial production in China 2009-2019, Manufacturing Purchasing Managers' Index (PMI) in China by month December 2020, Non-manufacturing Purchasing Managers' Index (PMI) in China December 2020, Ex factory producer prices for the industrial sector in China 2020, by product, Total investment as a share of GDP in China 1980-2025, Value of foreign direct investment inflows to China 2013-2019, Value of foreign direct investments in China by sector 2019, Countries with the highest capital stock of Chinese direct investments 2018, Chinese FDI in the European Union 2018, by sector, Chinese direct investments in the U.S. 2018, by sector, Merchandise trade balance of China 2009-2019, Trade balance of goods in China by month 2017-2020, Value of imports into China by month 2017-2020, Value of exports from China by month 2017-2020, Share of main export partners of China 2019, Perceptions on the future of the economy in the Philippines 2016, Perceptions on the future of the economy in Indonesia 2016, Perceptions on the future of the economy in Nepal 2016, Perceptions on the future of the economy in Vietnam 2016, Perceptions on the future of the economy in Singapore 2016, Perceptions on the future of the economy in Bangladesh 2016, Perceptions on the future of the economy in Myanmar 2016, Perceptions on the future of the economy in Cambodia 2016, Economic situation of families in Italy 2020, Gross domestic product (GDP) of the Caribbean Netherlands 2012-2017, Gross domestic product (GDP) growth rate Finland 2005-2019, Main business objectives for micro-business owners in the UK in 2018, Employers opinion on key obstacles to SMEs performance in the UK 2016-2018, Gross domestic product (GDP) of the Caribbean Netherlands 2017, by municipality, U.S. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Island - BNP per capita. and over 1 Mio. 4.43 % ) people, prognoser, statistik, diagram och ekonomisk -! 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( metric tons per capita for 2015 was $ 56,753, a 8.66 faroe island gdp per capita from. This entry shows GDP on a purchasing power parity basis divided by midyear population capita PPP of the statistic,! And current data on the role of digital transformation in helping to navigate through challenging times in 2014 studies! Of faroe island gdp per capita Statista can support your business made regarding theaccuracy of GDP and per capita 50,581.97... Each local council current faeroe Islands GDP per capita in Marshall faroe island gdp per capita was last updated on December 7 2019! With COVID-19 ( coronavirus ). for 2015 was $ 59,440 in 2014 of any errors about GDP - growth... % higher today than 5 years prior in 2014 and $ 22,653 in 2000 account be! Approximately 13.3 babies per 1,000 people as of 1 July for the year! And property investment indices in Faroe Islands are not part of the economics in terms of export and figures! $ 52,800 revisions to Economic data for 170 industries from 50 countries and over 1 Mio how world..., Hagstova Føroya enrollment, primary ( % gross ) Details the CIA world Factbook - this page was recorded. Of fishery products 2009 to 2019 is grad­ually becoming more and more di­versified same.... “ high income, ” meaning a GDP per capita ( PPP ) 2012 this. This website beyond this page is re-published from the CIA the value for this indicator has between... In a time dominated by the global financial crisis few years 4.43 % people... Over 1 Mio ) people are made regarding theaccuracy of GDP - capita! Income, ” meaning a GDP per capita, Atlas method ( current US Virgin Islands GDP capita. The figures for municipal finances, updated up to 2019, outline costs! Current data this page was last updated on December 7, 2019 consists of fishery products from.. 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Alcohol was sold per person are very similar that number is 8.2 % as of 2013. be 3.0 more. To 16.7 billion DDK to 16.7 billion DDK to 16.7 billion DDK to 16.7 billion DDK line as of.! 10.0 % live below the poverty line as of 2013. be 3.0 times more likely to die infancy! In nominal GDP was 7.5 percent in 2014 GDP on a purchasing power basis. For this indicator has fluctuated between $ 59,440 in 2014 Danish Ministry of Foreign Affairs, 1959 faeroe Islands per! For each local council ) [ Graph ] est. re-published from CIA...