Faroe Islands Gross Domestic Product: Purchasing Power Parity
GDP per Capita: PPP
GDP per Capita: PPP data was reported at 78,103.483 Intl $ in 2023. This records an increase from the previous number of 74,282.307 Intl $ for 2022. GDP per Capita: PPP data is updated yearly, averaging 54,000.238 Intl $ from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 78,103.483 Intl $ in 2023 and a record low of 39,330.596 Intl $ in 2009. GDP per Capita: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 78,103.483 2023 | yearly | 2008 - 2023 |
View Faroe Islands's GDP per Capita: PPP from 2008 to 2023 in the chart:
GDP per Capita: PPP: 2021 Price
GDP per Capita: PPP: 2021 Price data was reported at 70,373.377 Intl $ in 2023. This records an increase from the previous number of 69,338.810 Intl $ for 2022. GDP per Capita: PPP: 2021 Price data is updated yearly, averaging 63,219.044 Intl $ from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 70,373.377 Intl $ in 2023 and a record low of 50,782.339 Intl $ in 2010. GDP per Capita: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 70,373.377 2023 | yearly | 2008 - 2023 |
View Faroe Islands's GDP per Capita: PPP: 2021 Price from 2008 to 2023 in the chart:
GDP: PPP
GDP: PPP data was reported at 4,255.234 Intl $ mn in 2023. This records an increase from the previous number of 4,007.679 Intl $ mn for 2022. GDP: PPP data is updated yearly, averaging 2,655.956 Intl $ mn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 4,255.234 Intl $ mn in 2023 and a record low of 1,918.979 Intl $ mn in 2009. GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 4,255.234 2023 | yearly | 2008 - 2023 |
View Faroe Islands's GDP: PPP from 2008 to 2023 in the chart:
GDP: PPP: 2021 Price
GDP: PPP: 2021 Price data was reported at 3,834.082 Intl $ mn in 2023. This records an increase from the previous number of 3,740.967 Intl $ mn for 2022. GDP: PPP: 2021 Price data is updated yearly, averaging 3,109.004 Intl $ mn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 3,834.082 Intl $ mn in 2023 and a record low of 2,470.916 Intl $ mn in 2010. GDP: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 3,834.082 2023 | yearly | 2008 - 2023 |
View Faroe Islands's GDP: PPP: 2021 Price from 2008 to 2023 in the chart:
GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs
GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 1,493.359 Intl $ mn in 2021. GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 1,493.359 Intl $ mn from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 1,493.359 Intl $ mn in 2021 and a record low of 1,493.359 Intl $ mn in 2021. GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2021 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,493.359 2021 | yearly | 2021 - 2021 |
View Faroe Islands's GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs from 2021 to 2021 in the chart:
GDP: PPP: Final Consumption Expenditure: Households and NPISHs
GDP: PPP: Final Consumption Expenditure: Households and NPISHs data was reported at 1,493.359 Intl $ mn in 2021. This records an increase from the previous number of 1,228.890 Intl $ mn for 2017. GDP: PPP: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 1,361.124 Intl $ mn from Dec 2017 (Median) to 2021, with 2 observations. The data reached an all-time high of 1,493.359 Intl $ mn in 2021 and a record low of 1,228.890 Intl $ mn in 2017. GDP: PPP: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for households and NPISHs final consumption expenditure expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From July 2020, “Households and NPISHs final consumption expenditure: linked series (current LCU)” [NE.CON.PRVT.CN.AD] is used as underlying expenditure in local currency unit so that it’s in line with time series of PPP conversion factor, private consumption (LCU per international $), which are extrapolated with linked CPI.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,493.359 2021 | yearly | 2017 - 2021 |
View Faroe Islands's GDP: PPP: Final Consumption Expenditure: Households and NPISHs from 2017 to 2021 in the chart:
GNI per Capita: PPP
GNI per Capita: PPP data was reported at 78,740.000 Intl $ in 2022. This records an increase from the previous number of 69,830.000 Intl $ for 2021. GNI per Capita: PPP data is updated yearly, averaging 55,180.000 Intl $ from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 78,740.000 Intl $ in 2022 and a record low of 38,740.000 Intl $ in 2009. GNI per Capita: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides per capita values for gross national income (GNI. Formerly GNP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. 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. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 78,740.000 2022 | yearly | 2008 - 2022 |
View Faroe Islands's GNI per Capita: PPP from 2008 to 2022 in the chart:
GNI per Capita: PPP: 2021 Price
GNI per Capita: PPP: 2021 Price data was reported at 70,109.271 Intl $ in 2021. GNI per Capita: PPP: 2021 Price data is updated yearly, averaging 70,109.271 Intl $ from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 70,109.271 Intl $ in 2021 and a record low of 70,109.271 Intl $ in 2021. GNI per Capita: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. 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. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 70,109.271 2021 | yearly | 2021 - 2021 |
View Faroe Islands's GNI per Capita: PPP: 2021 Price from 2021 to 2021 in the chart:
GNI: PPP
GNI: PPP data was reported at 4,285.883 Intl $ mn in 2023. This records an increase from the previous number of 4,108.083 Intl $ mn for 2022. GNI: PPP data is updated yearly, averaging 2,740.506 Intl $ mn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 4,285.883 Intl $ mn in 2023 and a record low of 1,875.623 Intl $ mn in 2009. GNI: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for gross national income (GNI. Formerly GNP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. Gross national income 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. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From July 2020, “GNI: linked series (current LCU)” [NY.GNP.MKTP.CN.AD] is used as underlying GNI in local currency unit so that it’s in line with time series of PPP conversion factors, which are extrapolated with linked deflators.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 4,285.883 2023 | yearly | 2008 - 2023 |
View Faroe Islands's GNI: PPP from 2008 to 2023 in the chart:
GNI: PPP: 2021 Price
GNI: PPP: 2021 Price data was reported at 3,737.876 Intl $ mn in 2021. GNI: PPP: 2021 Price data is updated yearly, averaging 3,737.876 Intl $ mn from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 3,737.876 Intl $ mn in 2021 and a record low of 3,737.876 Intl $ mn in 2021. GNI: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income 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. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 3,737.876 2021 | yearly | 2021 - 2021 |
View Faroe Islands's GNI: PPP: 2021 Price from 2021 to 2021 in the chart:
PPP Conversion Factor: GDP
PPP Conversion Factor: GDP data was reported at 6.190 DKK/Intl $ in 2022. This records a decrease from the previous number of 6.378 DKK/Intl $ for 2021. PPP Conversion Factor: GDP data is updated yearly, averaging 6.580 DKK/Intl $ from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 7.049 DKK/Intl $ in 2016 and a record low of 6.190 DKK/Intl $ in 2022. PPP Conversion Factor: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for GDP.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;;
| Last | Frequency | Range |
|---|---|---|
| 6.190 2022 | yearly | 2008 - 2022 |
View Faroe Islands's PPP Conversion Factor: GDP from 2008 to 2022 in the chart:
PPP Conversion Factor: Private Consumption
PPP Conversion Factor: Private Consumption data was reported at 6.532 DKK/Intl $ in 2021. This records a decrease from the previous number of 6.962 DKK/Intl $ for 2017. PPP Conversion Factor: Private Consumption data is updated yearly, averaging 6.747 DKK/Intl $ from Dec 2017 (Median) to 2021, with 2 observations. The data reached an all-time high of 6.962 DKK/Intl $ in 2017 and a record low of 6.532 DKK/Intl $ in 2021. PPP Conversion Factor: Private Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for household final consumption expenditure.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;;
| Last | Frequency | Range |
|---|---|---|
| 6.532 2021 | yearly | 2017 - 2021 |
View Faroe Islands's PPP Conversion Factor: Private Consumption from 2017 to 2021 in the chart:
PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio
PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.918 Ratio in 2023. This records an increase from the previous number of 0.890 Ratio for 2022. PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 1.057 Ratio from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 1.246 Ratio in 2008 and a record low of 0.890 Ratio in 2022. PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Price level ratio is the ratio of a purchasing power parity (PPP) conversion factor to an exchange rate. It provides a measure of the differences in price levels between countries by indicating the number of units of the common currency needed to buy the same volume of the aggregation level in each country. At the level of GDP, they provide a measure of the differences in the general price levels of countries.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;;
| Last | Frequency | Range |
|---|---|---|
| 0.918 2023 | yearly | 2008 - 2023 |