Cape Verde vs Faroe Islands: Services, value added
Services, value added over time
- Cape Verde
- Faroe Islands
How they compare
Faroe Islands currently reports 2.18 billion current US$ against 2.08 billion current US$ in Cape Verde, a difference of 105.50 million current US$.
That makes Faroe Islands's figure about 1.1 times Cape Verde's.
Across all 27 years both countries report, Faroe Islands has been ahead every year.
Cape Verde ranks 176th and Faroe Islands ranks 174th of 206 countries.
Faroe Islands has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Cape Verde | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 350.10 million current US$ | 578.19 million current US$ | 228.08 million current US$ | Faroe Islands |
| 2000s | 757.77 million current US$ | 991.00 million current US$ | 233.23 million current US$ | Faroe Islands |
| 2010s | 1.36 billion current US$ | 1.57 billion current US$ | 210.95 million current US$ | Faroe Islands |
| 2020s | 1.55 billion current US$ | 1.97 billion current US$ | 415.71 million current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Cape Verde or Faroe Islands?
- Faroe Islands, at 2.18 billion current US$ against 2.08 billion current US$ in Cape Verde as of 2024.
- What is the difference in services, value added between Cape Verde and Faroe Islands?
- 105.50 million current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Cape Verde and Faroe Islands?
- 27 years are reported by both, from 1998 to 2024.
- How do Cape Verde and Faroe Islands rank globally for services, value added?
- Cape Verde ranks 176th and Faroe Islands ranks 174th of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (current US$). 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 indicator is expressed in United States dollars.