Faroe Islands vs Luxembourg: Industry (including construction), value added
Industry (including construction), value added over time
- Faroe Islands
- Luxembourg
How they compare
Luxembourg currently reports 7.95 billion current LCU against 5.11 billion current LCU in Faroe Islands, a difference of 2.83 billion current LCU.
That makes Luxembourg's figure about 1.6 times Faroe Islands's.
Across all 27 years both countries report, Luxembourg has been ahead every year.
Faroe Islands ranks 167th and Luxembourg ranks 164th of 208 countries.
Luxembourg has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Faroe Islands | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.35 billion current LCU | 3.48 billion current LCU | 2.13 billion current LCU | Luxembourg |
| 2000s | 1.92 billion current LCU | 4.42 billion current LCU | 2.50 billion current LCU | Luxembourg |
| 2010s | 2.74 billion current LCU | 5.82 billion current LCU | 3.08 billion current LCU | Luxembourg |
| 2020s | 4.81 billion current LCU | 7.60 billion current LCU | 2.79 billion current LCU | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added, Faroe Islands or Luxembourg?
- Luxembourg, at 7.95 billion current LCU against 5.11 billion current LCU in Faroe Islands as of 2025.
- What is the difference in industry (including construction), value added between Faroe Islands and Luxembourg?
- 2.83 billion current LCU, with Luxembourg ahead.
- How many years of comparable data are there for Faroe Islands and Luxembourg?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Luxembourg rank globally for industry (including construction), value added?
- Faroe Islands ranks 167th and Luxembourg ranks 164th 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.