Faroe Islands—GNI per Capita, PPP (USD)
Faroe Islands's GNI per capita, PPP (USD) was $83,290 in 2024, ranking #14 out of 197 countries. This represents a +3.8% change from 2023. Over the past 17 years, the highest recorded value was $83,290 (2024) and the lowest was $38,440 (2009). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $83,290 | +3.8% |
| 2023 | $80,260 | +4.1% |
| 2022 | $77,130 | +9.0% |
| 2021 | $70,780 | +12.1% |
| 2020 | $63,130 | -1.4% |
| 2019 | $64,010 | +5.6% |
| 2018 | $60,620 | +4.0% |
| 2017 | $58,310 | +3.6% |
| 2016 | $56,300 | +2.1% |
| 2015 | $55,140 | +0.1% |
| 2014 | $55,110 | +5.0% |
| 2013 | $52,500 | +8.0% |
| 2012 | $48,600 | +9.4% |
| 2011 | $44,410 | +10.3% |
| 2010 | $40,280 | +4.8% |
| 2009 | $38,440 | -7.2% |
| 2008 | $41,420 |
Top Countries — GNI per Capita, PPP (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Singapore | $135,750 | 2025 |
| 2 | Qatar | $126,290 | 2025 |
| 3 | Macao SAR, China | $125,630 | 2024 |
| 4 | Bermuda | $122,530 | 2024 |
| 5 | Norway | $107,770 | 2025 |
| 6 | Luxembourg | $106,640 | 2025 |
| 7 | Ireland | $106,310 | 2025 |
| 8 | Switzerland | $101,690 | 2025 |
| 9 | Brunei Darussalam | $95,420 | 2025 |
| 10 | United States | $89,490 | 2025 |
About This Indicator
Definition
This indicator provides values for gross national income (GNI) per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons.Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.
Methodology
Data compiled by International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024;The Eurostat PPP Programme, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/databrowser/explore/all/all_themes, publisher: Eurostat;The OECD PPP Programme, Organisation for Economic Co-operation and Development (OECD), uri: https://data-explorer.oecd.org/, publisher: OECD;Staff estimates, World Bank (WB);National Accounts data files, Organisation for Economic Co-operation and Development (OECD);World Economic Outlook database, International Monetary Fund (IMF).