Data / GDP per capita growth / Faroe Islands

GDP per capita growth in Faroe Islands

GDP per capita growth in Faroe Islands was 0.4% in 2024, according to the World Bank. That is down 1.82 pts from 2023. That is the 156th highest of 199 countries in 2024.

20240.4%
Change on 2023-1.82 pts
Rank156th of 199Countries ranked
Series high7.642012
Series low-5.032009

Next release: Friday, 8 October 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

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GDP per capita growth in Faroe Islands, 2009 to 2024

-10-505102009201220152018202120242009: -5.03 %2010: -0.11 %2011: 3.81 %2012: 7.64 %2013: 5.95 %2014: 5.04 %2015: -0.01 %2016: 0.23 %2017: 2.04 %2018: 1.12 %2019: 2.94 %2020: -3.08 %2021: 3.63 %2022: 2.68 %2023: 2.22 %2024: 0.4 %-10-505102009201520242009: -5.03 %2010: -0.11 %2011: 3.81 %2012: 7.64 %2013: 5.95 %2014: 5.04 %2015: -0.01 %2016: 0.23 %2017: 2.04 %2018: 1.12 %2019: 2.94 %2020: -3.08 %2021: 3.63 %2022: 2.68 %2023: 2.22 %2024: 0.4 %
%. Source: World Bank, GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG). Retrieved 2026-10-18, published 2026-10-08.
All 16 values
Period%
20240.4
20232.22
20222.68
20213.63
2020-3.08
20192.94
20181.12
20172.04
20160.23
2015-0.01
20145.04
20135.95
20127.64
20113.81
2010-0.11
2009-5.03

Faroe Islands compared with nearby places

United Arab Emirates: -0.77 %Afghanistan: -0.98 %Antigua and Barbuda: 2.04 %Albania: 5.56 %Armenia: 3.48 %Angola: 1.81 %Argentina: -1.68 %Austria: -1.16 %Australia: -0.62 %Azerbaijan: 3.66 %Bosnia and Herzegovina: 3.91 %Bangladesh: 2.96 %Belgium: 0.43 %Burkina Faso: 2.51 %Bulgaria: 3.47 %Burundi: 1.46 %Benin: 4.84 %Brunei: 3.2 %Bolivia: -2.47 %Brazil: 3 %Bahamas: 2.9 %Bhutan: 6.8 %Botswana: -4.36 %Belarus: 4.87 %Belize: 2.02 %Canada: -0.95 %Democratic Republic of the Congo: 2.72 %Central African Republic: -1.89 %Republic of the Congo: -0.32 %Switzerland: 0.08 %Côte d’Ivoire: 3.47 %Chile: 2.25 %Cameroon: 0.85 %China: 5.09 %Colombia: 0.41 %Costa Rica: 3.59 %Cuba: -0.7 %Cape Verde: 6.47 %Cyprus: 2.3 %Czechia: 0.87 %Germany: -0.77 %Djibouti: 5.54 %Denmark: 2.96 %Dominican Republic: 4.07 %Algeria: 2.26 %Ecuador: -2.78 %Estonia: -0.24 %Egypt: 0.64 %Spain: 2.4 %Ethiopia: 4.87 %Finland: -0.27 %Fiji: 3.01 %Faroe Islands: 0.4 %France: 0.93 %Gabon: 1.19 %United Kingdom: -0.02 %Georgia: 6.89 %Ghana: 3.88 %Gambia: 3.17 %Guinea: 2.86 %Equatorial Guinea: -1.99 %Greece: 2.11 %Guatemala: 2.13 %Guinea-Bissau: 2.13 %Guyana: 43 %Hong Kong: 2.79 %Honduras: 1.9 %Croatia: 3.65 %Haiti: -5.28 %Hungary: 1.03 %Indonesia: 4.18 %Ireland: 1 %Israel: -0.59 %India: 6.15 %Iraq: -3.62 %Iran: 2.58 %Iceland: -1.5 %Italy: 0.84 %Jamaica: -0.51 %Jordan: 1.55 %Japan: 0.2 %Kenya: 2.63 %Kyrgyzstan: 9.65 %Cambodia: 4.72 %Kiribati: 3.15 %South Korea: 1.93 %Kuwait: -2.36 %Cayman Islands: 1.78 %Kazakhstan: 3.66 %Laos: 2.73 %Lebanon: -7.6 %Sri Lanka: 5.57 %Liberia: 1.8 %Lesotho: 4.06 %Lithuania: 2.43 %Luxembourg: -1.21 %Latvia: 0.9 %Libya: 0.86 %Morocco: 2.77 %Moldova: 2.59 %Montenegro: 3.16 %Madagascar: 1.81 %North Macedonia: 3.19 %Mali: 1.97 %Myanmar: -1.64 %Mongolia: 3.82 %Mauritania: 3.29 %Mauritius: 5.19 %Malawi: -0.91 %Mexico: 0.48 %Malaysia: 3.83 %Mozambique: -0.79 %Namibia: 1.48 %New Caledonia: -14.32 %Niger: 4.83 %Nigeria: 1.93 %Nicaragua: 2.2 %Netherlands: 0.42 %Norway: 0.46 %Nepal: 3.83 %New Zealand: -2.56 %Oman: -2.84 %Panama: 1.45 %Peru: 2.39 %French Polynesia: 0.88 %Papua New Guinea: 2.05 %Philippines: 4.85 %Pakistan: 1.54 %Poland: 3.39 %Puerto Rico: 3.22 %Palestine: -24.66 %Portugal: 1.1 %Palau: 12.21 %Paraguay: 3.39 %Qatar: -4.17 %Romania: 0.97 %Serbia: 4.53 %Russia: 5.04 %Rwanda: 4.96 %Saudi Arabia: -2 %Solomon Islands: 0.58 %Sudan: -14.66 %Sweden: 0.7 %Singapore: 3.26 %Slovenia: 1.4 %Slovakia: 2.03 %Sierra Leone: 2.1 %Senegal: 4.02 %Somalia: 0.55 %Suriname: 0.83 %El Salvador: 2.13 %Eswatini: 2.01 %Chad: -0.12 %Togo: 4.21 %Thailand: 3 %Tajikistan: 6.34 %Timor-Leste: -10.16 %Turkmenistan: 4.44 %Tunisia: 0.98 %Türkiye: 3.09 %Trinidad and Tobago: 2.45 %Tanzania: 2.55 %Ukraine: 2.86 %Uganda: 3.17 %United States: 1.81 %Uruguay: 3.37 %Uzbekistan: 4.59 %Venezuela: 5.14 %Vietnam: 6.37 %Vanuatu: 1.43 %Samoa: 4.1 %South Africa: -0.71 %Zambia: 0.94 %Zimbabwe: -0.12 %
  • Under -2.4
  • -2.4 to -0.8
  • -0.8 to 0
  • 0 to 2
  • 2 to 3.4
  • 3.4 and over
  • No data
GDP per capita growth, 2024, %. Faroe Islands is outlined. Same source and period for every area shown. Source: World Bank. Boundaries: Natural Earth (public domain).

Rankings

Definition

Annual percentage change in real GDP per person, from GDP at constant 2015 US dollars divided by mid-year population. World Bank national accounts data, compiled from national statistical offices and central banks and from OECD national accounts files.

Below gdp_growth when the population grows, above it when the population shrinks. Wars and oil shocks move it by tens of points in a year.

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How to cite

World Bank, World Development Indicators. GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG) (GDP per capita growth, Faroe Islands, 2009 to 2024) [Data set]. Retrieved October 18, 2026, from https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG

MLA 9

GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG), GDP per capita growth, Faroe Islands, 2009 to 2024. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG. Invokely, https://invokely.ai/en/gdp-per-capita-growth/faroe-islands. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG). GDP per capita growth, Faroe Islands, 2009 to 2024. Dataset. Accessed October 18, 2026. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG. Also distributed by Invokely, https://invokely.ai/en/gdp-per-capita-growth/faroe-islands.

Harvard

World Bank (2026) GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG), GDP per capita growth, Faroe Islands, 2009 to 2024 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG, via Invokely: https://invokely.ai/en/gdp-per-capita-growth/faroe-islands (Accessed: 18 October 2026).

BibTeX
@misc{world_gdp_per_capita_growth_2024,
  author = {{World Bank}},
  title = {{GDP per capita growth (annual \%) (NY.GDP.PCAP.KD.ZG): GDP per capita growth, Faroe Islands, 2009 to 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/en/gdp-per-capita-growth/faroe-islands. Publisher attribution: World Bank, World Development Indicators. GDP per capita growth (annual \%) (NY.GDP.PCAP.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG): GDP per capita growth, Faroe Islands, 2009 to 2024
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG
L2  - https://invokely.ai/en/gdp-per-capita-growth/faroe-islands
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/en/gdp-per-capita-growth/faroe-islands.
N1  - Publisher attribution: World Bank, World Development Indicators. GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.
ER  -
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Questions

What is the GDP per capita growth in Faroe Islands?

GDP per capita growth in Faroe Islands was 0.4% in 2024, according to the World Bank. That is down 1.82 pts from 2023. That is the 156th highest of 199 countries in 2024.

Where does this figure come from?

World Bank. GDP per capita growth (annual %) (NY.GDP.PCAP.KD.ZG). Retrieved by Invokely on 2026-10-18.

What was the highest GDP per capita growth in Faroe Islands?

7.64% in 2012, the highest value since 2009 in this series.

GDP per capita growth in other countries

Related statistics for Faroe Islands

All statistics for Faroe Islands | Faroe Islands in figures