Barbados vs Faroe Islands: Services, value added
Services, value added over time
- Barbados
- Faroe Islands
How they compare
Faroe Islands currently reports 15.04 billion current LCU against 11.52 billion current LCU in Barbados, a difference of 3.52 billion current LCU.
That makes Faroe Islands's figure about 1.3 times Barbados's.
The two have swapped places 3 times across 27 shared years of data; in 1998 it was Barbados ahead.
Barbados ranks 170th and Faroe Islands ranks 167th of 205 countries.
Across the 4 decades both report, Barbados averaged higher in 1 and Faroe Islands in 3.
Head to head by decade
| Decade | Barbados | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.09 billion current LCU | 3.96 billion current LCU | 135.75 million current LCU | Barbados |
| 2000s | 5.48 billion current LCU | 6.07 billion current LCU | 586.02 million current LCU | Faroe Islands |
| 2010s | 8.56 billion current LCU | 9.60 billion current LCU | 1.04 billion current LCU | Faroe Islands |
| 2020s | 9.94 billion current LCU | 13.26 billion current LCU | 3.31 billion current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Barbados or Faroe Islands?
- Faroe Islands, at 15.04 billion current LCU against 11.52 billion current LCU in Barbados as of 2024.
- What is the difference in services, value added between Barbados and Faroe Islands?
- 3.52 billion current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Barbados and Faroe Islands?
- 27 years are reported by both, from 1998 to 2024.
- How do Barbados and Faroe Islands rank globally for services, value added?
- Barbados ranks 170th and Faroe Islands ranks 167th of 205 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.