Adjusted savings: carbon dioxide damage (current US$) in Faroe Islands
Faroe Islands: Adjusted savings: carbon dioxide damage was 37.91 million current US$ in 2021. ▲ Rising
Adjusted savings: carbon dioxide damage in Faroe Islands, 1992–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2021, adjusted savings: carbon dioxide damage in Faroe Islands stood at 37.91 million current US$. That is the highest value across all 30 years on record.
That represents a change of up 12.4% on the previous year and up 84.3% over ten years.
Over the whole period, adjusted savings: carbon dioxide damage in Faroe Islands peaked at 37.91 million current US$ in 2021 and was at its lowest, 8.04 million current US$, in 1992.
That places Faroe Islands 174th out of 210 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Adjusted savings: carbon dioxide damage in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 8.04 million current US$ | — |
| 1993 | 8.41 million current US$ | +4.7% |
| 1994 | 8.79 million current US$ | +4.4% |
| 1995 | 10.70 million current US$ | +21.8% |
| 1996 | 11.14 million current US$ | +4.1% |
| 1997 | 11.59 million current US$ | +4.0% |
| 1998 | 11.98 million current US$ | +3.4% |
| 1999 | 12.43 million current US$ | +3.7% |
| 2000 | 12.99 million current US$ | +4.6% |
| 2001 | 13.58 million current US$ | +4.6% |
| 2002 | 14.11 million current US$ | +3.8% |
| 2003 | 14.71 million current US$ | +4.3% |
| 2004 | 15.44 million current US$ | +5.0% |
| 2005 | 16.29 million current US$ | +5.5% |
| 2006 | 19.62 million current US$ | +20.5% |
| 2007 | 16.94 million current US$ | -13.7% |
| 2008 | 18.79 million current US$ | +10.9% |
| 2009 | 19.33 million current US$ | +2.9% |
| 2010 | 19.85 million current US$ | +2.7% |
| 2011 | 20.57 million current US$ | +3.6% |
| 2012 | 21.99 million current US$ | +6.9% |
| 2013 | 25.07 million current US$ | +14.0% |
| 2014 | 23.41 million current US$ | -6.6% |
| 2015 | 25.78 million current US$ | +10.1% |
| 2016 | 26.83 million current US$ | +4.1% |
| 2017 | 31.55 million current US$ | +17.6% |
| 2018 | 34.08 million current US$ | +8.0% |
| 2019 | 35.47 million current US$ | +4.1% |
| 2020 | 33.74 million current US$ | -4.9% |
| 2021 | 37.91 million current US$ | +12.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 37.91 million current US$ is below the median for high income countries, which is 970.21 million current US$, 4% of the median. (78 countries reporting)
- Faroe Islands's 37.91 million current US$ is below the median for Europe & Central Asia, which is 1.59 billion current US$, 2% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.38 million current US$ | 8.04 million current US$ | 12.43 million current US$ | 8 |
| 2000s | 16.18 million current US$ | 12.99 million current US$ | 19.62 million current US$ | 10 |
| 2010s | 26.46 million current US$ | 19.85 million current US$ | 35.47 million current US$ | 10 |
| 2020s | 35.83 million current US$ | 33.74 million current US$ | 37.91 million current US$ | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 142,484 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: carbon dioxide damage in Faroe Islands?
- Adjusted savings: carbon dioxide damage in Faroe Islands was 37.91 million current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: carbon dioxide damage recorded in Faroe Islands?
- The highest recorded value was 37.91 million current US$ in 2021.
- What is the lowest adjusted savings: carbon dioxide damage recorded in Faroe Islands?
- The lowest recorded value was 8.04 million current US$ in 1992.
- How does Faroe Islands rank for adjusted savings: carbon dioxide damage?
- Faroe Islands ranks 174th out of 210 countries with data for 2021.
- Is adjusted savings: carbon dioxide damage rising or falling in Faroe Islands?
- Over the last ten years it is up 84.3%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: carbon dioxide damage (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$40 per ton of CO2 (the unit damage in 2017 US dollars for CO2 emitted in 2020) times the number of tons of CO2 emitted. 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.