Faroe Islands GNI Per Capita 2010-2024
GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
- Faroe Islands gni per capita for 2022 was $74,420, a 6.56% increase from 2021.
- Faroe Islands gni per capita for 2021 was $69,840, a 8.35% increase from 2020.
- Faroe Islands gni per capita for 2020 was $64,460, a 2.47% decline from 2019.
- Faroe Islands gni per capita for 2019 was $66,090, a 5% increase from 2018.
| Similar Country Ranking |
| Country Name |
GNI Per Capita (US $) |
| Bermuda |
$134,640 |
| Norway |
$96,770 |
| Switzerland |
$95,490 |
| Luxembourg |
$89,200 |
| Ireland |
$79,730 |
| United States |
$76,590 |
| Faroe Islands |
$74,420 |
| Iceland |
$73,930 |
| Denmark |
$73,520 |
| Qatar |
$70,070 |
| Cayman Islands |
$68,790 |
| Singapore |
$66,970 |
| Sweden |
$63,900 |
| Australia |
$60,820 |
| Netherlands |
$60,230 |
| Austria |
$55,720 |
| Israel |
$55,140 |
| Finland |
$54,730 |
| Germany |
$54,030 |
| Hong Kong |
$54,000 |
| Belgium |
$53,890 |
| Canada |
$53,300 |
| Andorra |
$50,080 |
| UAE |
$49,160 |
| United Kingdom |
$48,640 |
| New Zealand |
$48,530 |
| France |
$45,290 |
| Macao |
$43,940 |
| Japan |
$42,550 |
| Kuwait |
$40,730 |
| Italy |
$38,370 |
| Sint Maarten (Dutch part) |
$36,960 |
| South Korea |
$36,160 |
| Aruba |
$33,410 |
| Malta |
$33,330 |
| Spain |
$32,090 |
| Cyprus |
$31,520 |
| Brunei |
$31,410 |
| Bahamas |
$31,030 |
| Slovenia |
$29,590 |
| Bahrain |
$27,710 |
| Saudi Arabia |
$27,500 |
| Estonia |
$27,200 |
| Czech Republic |
$26,140 |
| Portugal |
$25,950 |
| Puerto Rico |
$24,760 |
| Turks and Caicos Islands |
$24,300 |
| Lithuania |
$23,860 |
| Slovak Republic |
$22,080 |
| Latvia |
$21,970 |
| Greece |
$21,810 |
| St. Kitts and Nevis |
$20,670 |
| Curacao |
$20,590 |
| Barbados |
$20,210 |
| Oman |
$20,020 |
| Croatia |
$19,650 |
| Hungary |
$19,050 |
| Poland |
$18,960 |
| Antigua and Barbuda |
$18,710 |
| Uruguay |
$17,800 |
| Panama |
$17,050 |
| Trinidad and Tobago |
$16,190 |
| Chile |
$15,430 |
| Seychelles |
$15,000 |
| Palau |
$13,570 |
| Argentina |
$11,590 |
| Faroe Islands GNI Per Capita - Historical Data |
| Year |
GNI Per Capita (US $) |
Annual % Growth |
| 2022 |
$74,420 |
6.56% |
| 2021 |
$69,840 |
8.35% |
| 2020 |
$64,460 |
-2.47% |
| 2019 |
$66,090 |
5.00% |
| 2018 |
$62,940 |
8.74% |
| 2017 |
$57,880 |
0.84% |
| 2016 |
$57,400 |
-0.66% |
| 2015 |
$57,780 |
-4.32% |
| 2014 |
$60,390 |
1.84% |
| 2013 |
$59,300 |
5.16% |
| 2012 |
$56,390 |
5.19% |
| 2011 |
$53,610 |
8.79% |
| 2010 |
$49,280 |
8.79% |
