Faroe Islands vs Greenland: Services, value added
Services, value added over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 15.04 billion current LCU against 13.98 billion current LCU in Greenland, a difference of 1.06 billion current LCU.
That makes Faroe Islands's figure about 1.1 times Greenland's.
The two have swapped places 1 time across 21 shared years of data; in 2003 it was Greenland ahead.
Faroe Islands ranks 167th and Greenland ranks 168th of 205 countries.
Greenland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.59 billion current LCU | 7.68 billion current LCU | 1.09 billion current LCU | Greenland |
| 2010s | 9.60 billion current LCU | 10.42 billion current LCU | 817.13 million current LCU | Greenland |
| 2020s | 12.81 billion current LCU | 13.11 billion current LCU | 305.32 million current LCU | Greenland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Faroe Islands or Greenland?
- Faroe Islands, at 15.04 billion current LCU against 13.98 billion current LCU in Greenland as of 2024.
- What is the difference in services, value added between Faroe Islands and Greenland?
- 1.06 billion 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 services, value added?
- Faroe Islands ranks 167th and Greenland ranks 168th 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.