Cyprus vs Faroe Islands: Industry (including construction), value added
Industry (including construction), value added over time
- Cyprus
- Faroe Islands
How they compare
Faroe Islands currently reports 5.11 billion current LCU against 4.07 billion current LCU in Cyprus, a difference of 1.05 billion current LCU.
That makes Faroe Islands's figure about 1.3 times Cyprus's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Cyprus ahead.
Cyprus ranks 170th and Faroe Islands ranks 167th of 208 countries.
Across the 4 decades both report, Cyprus averaged higher in 2 and Faroe Islands in 2.
Head to head by decade
| Decade | Cyprus | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.77 billion current LCU | 1.35 billion current LCU | 418.55 million current LCU | Cyprus |
| 2000s | 2.59 billion current LCU | 1.92 billion current LCU | 669.53 million current LCU | Cyprus |
| 2010s | 2.31 billion current LCU | 2.74 billion current LCU | 428.40 million current LCU | Faroe Islands |
| 2020s | 3.29 billion current LCU | 4.81 billion current LCU | 1.52 billion current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added, Cyprus or Faroe Islands?
- Faroe Islands, at 5.11 billion current LCU against 4.07 billion current LCU in Cyprus as of 2024.
- What is the difference in industry (including construction), value added between Cyprus and Faroe Islands?
- 1.05 billion current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Cyprus and Faroe Islands?
- 27 years are reported by both, from 1998 to 2024.
- How do Cyprus and Faroe Islands rank globally for industry (including construction), value added?
- Cyprus ranks 170th and Faroe Islands ranks 167th of 208 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Industry (including construction), value added (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.