Statizoid

Dimension 5.5: Finance in Faroe Islands

Faroe Islands: Dimension 5.5: Finance was 1 in 2023. ▬ Flat

Latest (2023)
1
Change on year
unchanged
World rank
1st
of 147 countries
All-time high
1
in 2019
All-time low
1
in 2019
Years of data
5
2019–2023

Dimension 5.5: Finance in Faroe Islands, 2019–2023

00.20.40.60.812019202120232019: 12020: 12021: 12022: 12023: 1

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

The most recent figure for dimension 5.5: finance in Faroe Islands is 1, measured in 2023. That is the highest value across all 5 years on record.

That represents a change of unchanged over five years.

Faroe Islands ranks 1st of 147 countries on this measure, in the top 10%.

Dimension 5.5: Finance in Faroe Islands, year by year

Year Value Change
2019 1 —
2020 1 +0.0%
2021 1 +0.0%
2022 1 +0.0%
2023 1 +0.0%

Faroe Islands compared with similar countries

  • Faroe Islands's 1 is above the median for high income countries, which is 1, 1.0× the median. (63 countries reporting)
  • Faroe Islands's 1 is above the median for Europe & Central Asia, which is 1, 1.0× the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 1 1 1 1
2020s 1 1 1 4

Countries ranked near Faroe Islands

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  28. 1 Dominican Republic 1 compare
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See the full ranking of 147 places →

More reference data data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is dimension 5.5: finance in Faroe Islands?
Dimension 5.5: finance in Faroe Islands was 1 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest dimension 5.5: finance recorded in Faroe Islands?
The highest recorded value was 1 in 2019.
What is the lowest dimension 5.5: finance recorded in Faroe Islands?
The lowest recorded value was 1 in 2019.
How does Faroe Islands rank for dimension 5.5: finance?
Faroe Islands ranks 1st out of 147 countries with data for 2023.
Where does this Faroe Islands data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Dimension 5.5: Finance. Statizoid updates them automatically from the source API.

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Dimension 5.5: Finance in Faroe Islands. Statizoid, drawing on Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Retrieved 24 September 2026, from https://reference.statizoid.com/stat/dimension-5-5-finance/faroe-islands/

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About this data

Indicator
Dimension 5.5: Finance
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
147 places, 1,260 data points, 2004–2023
Last refreshed

Included in dashboard, but not index because of insufficient country coverage and concerns that the indicator has biases that would lead to misleading incentives. The indicator is based on PARIS21 SDG indicators (SDG 17.18.3 (national statistical plan that is fully funded and under implementation).