Faeroe Islands GDP Per Capita (2026)
The Faeroe Islands has a developed North Atlantic economy supported by fisheries, aquaculture, seafood processing, shipping, construction, and services. GDP per capita provides a useful measure of how substantial export-driven economic activity compares with the territory’s relatively small population. Explore the Faeroe Islands’ latest GDP per capita data, historical trends, growth patterns, and economic comparisons below.
GDP Per Capita 2026
$71,774
Est. in USD
World Rank
#17
Out of 218 economies
Change vs 2025
N/A
Previous-year data unavailable
Europe Rank
#11
Out of 45 economies
1. Faeroe Islands GDP Per Capita in 2026
The Faeroe Islands’ GDP per capita reflects economic production generated for each resident, with fisheries and aquaculture contributing significantly to national output and exports. Adjusting total economic production for the small population makes the indicator particularly useful for international comparisons. It also helps show how marine resources translate into output per person.
2. Faeroe Islands GDP Per Capita Growth (1965–2026)
3. Faeroe Islands GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $71,774 | -3.2% |
| 2024 | $74,175 | +2.3% |
| 2023 | $72,487 | +8.1% |
| 2022 | $67,069 | -3.4% |
| 2021 | $69,422 | +11.5% |
| 2020 | $62,248 | -1.3% |
| 2019 | $63,071 | +0.9% |
| 2018 | $62,525 | +5.3% |
| 2017 | $59,389 | +4.4% |
| 2016 | $56,876 | +8.1% |
| 2015 | $52,638 | -12.5% |
| 2014 | $60,173 | +7.9% |
| 2013 | $55,759 | +10.9% |
| 2012 | $50,263 | -2.6% |
| 2011 | $51,620 | +7.7% |
| 2010 | $47,924 | +1.8% |
| 2009 | $47,060 | -8.2% |
| 2008 | $51,288 | +6.1% |
| 2007 | $48,349 | +15.8% |
| 2006 | $41,744 | +14.7% |
| 2005 | $36,389 | +2.1% |
| 2004 | $35,648 | +14.0% |
| 2003 | $31,270 | +16.1% |
| 2002 | $26,938 | +8.3% |
| 2001 | $24,880 | +6.7% |
| 2000 | $23,323 | -6.6% |
| 1999 | $24,979 | +1.0% |
| 1998 | $24,729 | +16.9% |
| 1997 | $21,158 | -6.8% |
| 1996 | $22,706 | +9.9% |
| 1995 | $20,669 | +21.8% |
| 1994 | $16,976 | +3.7% |
| 1993 | $16,374 | -15.2% |
| 1992 | $19,301 | +0.7% |
| 1991 | $19,164 | -4.8% |
| 1990 | $20,125 | +10.7% |
| 1989 | $18,181 | -11.1% |
| 1988 | $20,453 | +7.7% |
| 1987 | $18,982 | +27.1% |
| 1986 | $14,934 | +48.6% |
| 1985 | $10,049 | +6.5% |
| 1984 | $9,437 | -13.4% |
| 1983 | $10,893 | +8.4% |
| 1982 | $10,053 | -3.9% |
| 1981 | $10,458 | -8.6% |
| 1980 | $11,446 | +8.5% |
| 1979 | $10,549 | +11.3% |
| 1978 | $9,479 | +13.0% |
| 1977 | $8,387 | +27.2% |
| 1976 | $6,594 | +17.6% |
| 1975 | $5,606 | +14.3% |
| 1974 | $4,906 | +20.6% |
| 1973 | $4,068 | +33.5% |
| 1972 | $3,046 | +18.8% |
| 1971 | $2,564 | +15.5% |
| 1970 | $2,219 | +20.0% |
| 1969 | $1,849 | +6.6% |
| 1968 | $1,736 | -2.5% |
| 1967 | $1,780 | +1.8% |
| 1966 | $1,749 | +9.7% |
| 1965 | $1,594 | — |
4. Faeroe Islands GDP Per Capita Growth
1-Year Change
N/A
(2025 to 2026)
5-Year Change
+3.4%
(2021 to 2026)
10-Year Change
+26.2%
(2016 to 2026)
20-Year Change
+71.9%
(2006 to 2026)
The Faeroe Islands’ GDP per capita can be influenced by fish prices, seafood production, export demand, investment, inflation, and population trends. Dependence on marine industries means global market conditions can have a noticeable effect on annual performance. Historical data helps show how output per resident has evolved through different fisheries and economic cycles.
5. Faeroe Islands GDP Per Capita vs Europe and World
Faeroe Islands
$71,774
Europe Average
$59,767
World Average
$25,179
$0
$35,887
$71,774
USD
Faeroe Islands’s GDP per capita is approximately
20.1%
above the
Europe average
and
185.1%
above the world average.
6. Faeroe Islands GDP Per Capita Ranking in Europe
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #8 | Isle of Man | $88,329 |
| #9 | Denmark | $83,445 |
| #10 | Netherlands | $79,918 |
| #11 | Faeroe Islands | $71,774 |
| #12 | Sweden | $70,676 |
| #13 | San Marino | $70,187 |
| #14 | Austria | $67,761 |
7. GDP vs GDP Per Capita in Faeroe Islands
Faeroe Islands GDP (Nominal)
$3.9 Billion
(2026)
Faeroe Islands GDP Per Capita
$71,774
(2026)
The Faeroe Islands’ total GDP measures the overall scale of economic activity generated across the territory, while GDP per capita adjusts that output for population. Total GDP highlights the importance of fisheries and exports, whereas GDP per capita provides a clearer measure of production per resident. Both indicators together offer a more complete view of economic performance.
Explore more:
Faeroe Islands GDP
8. Faeroe Islands GDP Per Capita Forecast
Forecast data is currently unavailable for
Faeroe Islands.
9. Faeroe Islands GDP Per Capita: Key Findings
Faeroe Islands GDP per capita is estimated at $71,774 in 2026.
It ranks #17 globally and #11 in Europe.
Over the last 5 years, GDP per capita grew by 3.4%.
Over the last 10 years, GDP per capita grew by 26.2%.
It is approximately 20.1% above the Europe average.
It is approximately 185.1% above the world average.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Faeroe Islands GDP Per Capita FAQs
Faeroe Islands GDP per capita is estimated at $71,774 in 2026.
Faeroe Islands ranks #17 globally and #11 in Europe by GDP per capita.
The latest year-over-year change is currently unavailable.
Faeroe Islands GDP per capita was approximately $52,638 in 2015.
Faeroe Islands GDP per capita is approximately 20.1% above the Europe average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.