DEC alternative conversion factor in Faroe Islands

Faroe Islands: DEC alternative conversion factor was 6.89 ratio in 2024. ▬ Flat

Latest (2024)
6.89 ratio
Change on year
up 0.1%
World rank
122nd
of 225 countries
All-time high
8.32 ratio
in 2001
All-time low
5.1 ratio
in 2008
Years of data
25
2000–2024

DEC alternative conversion factor in Faroe Islands, 2000–2024

024682000201220242000: 8.1 ratio2001: 8.3 ratio2002: 7.9 ratio2003: 6.6 ratio2004: 6 ratio2005: 6 ratio2006: 5.9 ratio2007: 5.4 ratio2008: 5.1 ratio2009: 5.4 ratio2010: 5.6 ratio2011: 5.4 ratio2012: 5.8 ratio2013: 5.6 ratio2014: 5.6 ratio2015: 6.7 ratio2016: 6.7 ratio2017: 6.6 ratio2018: 6.3 ratio2019: 6.7 ratio2020: 6.5 ratio2021: 6.3 ratio2022: 7.1 ratio2023: 6.9 ratio2024: 6.9 ratio

Source: United Nations Statistics Division, SDG Global Database. Measured in ratio.

Analysis

In 2024, dec alternative conversion factor in Faroe Islands stood at 6.89 ratio.

That represents a change of up 0.1% on the previous year and up 22.8% over ten years.

Over the whole period, dec alternative conversion factor in Faroe Islands peaked at 8.32 ratio in 2001 and was at its lowest, 5.1 ratio, in 2008.

Faroe Islands ranks 122nd of 225 countries on this measure, in the middle of the range.

DEC alternative conversion factor in Faroe Islands, year by year

Annual values for DEC alternative conversion factor (in local currency unit per United States dollar) in Faroe Islands, 2000 to 2024.
Year ratio Change
2000 8.08 ratio —
2001 8.32 ratio +3.0%
2002 7.89 ratio -5.1%
2003 6.59 ratio -16.6%
2004 5.99 ratio -9.1%
2005 6 ratio +0.1%
2006 5.95 ratio -0.8%
2007 5.44 ratio -8.5%
2008 5.1 ratio -6.3%
2009 5.36 ratio +5.2%
2010 5.62 ratio +4.9%
2011 5.37 ratio -4.5%
2012 5.79 ratio +7.9%
2013 5.62 ratio -3.0%
2014 5.61 ratio -0.1%
2015 6.73 ratio +19.9%
2016 6.73 ratio +0.1%
2017 6.6 ratio -1.9%
2018 6.31 ratio -4.4%
2019 6.67 ratio +5.6%
2020 6.54 ratio -1.9%
2021 6.29 ratio -3.9%
2022 7.08 ratio +12.6%
2023 6.89 ratio -2.6%
2024 6.89 ratio +0.1%

Faroe Islands compared with similar countries

  • Faroe Islands's 6.89 ratio is above the median for high income countries, which is 1 ratio, 6.9× the median. (80 countries reporting)
  • Faroe Islands's 6.89 ratio is above the median for Europe & Central Asia, which is 1.7 ratio, 4.1× the median. (55 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 6.47 ratio 5.1 ratio 8.32 ratio 10
2010s 6.11 ratio 5.37 ratio 6.73 ratio 10
2020s 6.74 ratio 6.29 ratio 7.08 ratio 5

Countries ranked near Faroe Islands

  1. 119 Guatemala 7.76 ratio compare
  2. 120 China 7.2 ratio compare
  3. 121 Bolivia (Plurinational State of) 6.91 ratio compare
  4. 122 Denmark 6.89 ratio compare
  5. 122 Greenland 6.89 ratio compare
  6. 125 Trinidad and Tobago 6.75 ratio compare

See the full ranking of 229 places →

More development goals data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is dec alternative conversion factor in Faroe Islands?
Dec alternative conversion factor in Faroe Islands was 6.89 ratio in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest dec alternative conversion factor recorded in Faroe Islands?
The highest recorded value was 8.32 ratio in 2001.
What is the lowest dec alternative conversion factor recorded in Faroe Islands?
The lowest recorded value was 5.1 ratio in 2008.
How does Faroe Islands rank for dec alternative conversion factor?
Faroe Islands ranks 122nd out of 225 countries with data for 2024.
Is dec alternative conversion factor rising or falling in Faroe Islands?
Over the last ten years it is up 22.8%. The long-run trend across the full record is flat.
Where does this Faroe Islands data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of DEC alternative conversion factor (in local currency unit per United States dollar). Statizoid updates them automatically from the source API.

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DEC alternative conversion factor in Faroe Islands. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 30 September 2026, from https://development-goals.statizoid.com/stat/dec-alternative-conversion-factor-in-local-currency-unit-per-united-states-dollar/faroe-islands/

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About this data

Indicator
DEC alternative conversion factor (in local currency unit per United States dollar)
Unit
ratio
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
229 places, 5,688 data points, 2000–2024
Last refreshed