Faroe Islands vs Greenland: Industry (including construction), value added
Industry (including construction), value added over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 5.11 billion current LCU against 4.23 billion current LCU in Greenland, a difference of 885.70 million current LCU.
That makes Faroe Islands's figure about 1.2 times Greenland's.
The two have swapped places 4 times across 21 shared years of data; in 2003 it was Faroe Islands ahead.
Faroe Islands ranks 167th and Greenland ranks 169th of 208 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and Greenland in 1.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.99 billion current LCU | 1.98 billion current LCU | 8.63 million current LCU | Faroe Islands |
| 2010s | 2.74 billion current LCU | 2.95 billion current LCU | 206.29 million current LCU | Greenland |
| 2020s | 4.73 billion current LCU | 4.17 billion current LCU | 559.85 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added, Faroe Islands or Greenland?
- Faroe Islands, at 5.11 billion current LCU against 4.23 billion current LCU in Greenland as of 2024.
- What is the difference in industry (including construction), value added between Faroe Islands and Greenland?
- 885.70 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 21 years are reported by both, from 2003 to 2023.
- How do Faroe Islands and Greenland rank globally for industry (including construction), value added?
- Faroe Islands ranks 167th and Greenland ranks 169th 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.