Adjusted savings: carbon dioxide damage in Faroe Islands
Faroe Islands: Adjusted savings: carbon dioxide damage was 1.0% in 2021. ▼ Falling
Adjusted savings: carbon dioxide damage in Faroe Islands, 1998–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: carbon dioxide damage in Faroe Islands is 1.0%, measured in 2021.
The figure is up 0.4% on the previous year and up 30.1% over ten years.
Over the whole period, adjusted savings: carbon dioxide damage in Faroe Islands peaked at 1.2% in 2000 and was at its lowest, 0.7%, in 2007.
Faroe Islands ranks 145th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Adjusted savings: carbon dioxide damage in Faroe Islands, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1998 | 1.1% | — |
| 1999 | 1.1% | +0.9% |
| 2000 | 1.2% | +10.5% |
| 2001 | 1.1% | -2.7% |
| 2002 | 1.1% | -6.0% |
| 2003 | 0.9% | -11.9% |
| 2004 | 0.9% | -8.7% |
| 2005 | 0.9% | +3.7% |
| 2006 | 0.9% | +5.2% |
| 2007 | 0.7% | -25.2% |
| 2008 | 0.7% | +6.6% |
| 2009 | 0.9% | +14.9% |
| 2010 | 0.8% | -2.4% |
| 2011 | 0.8% | -7.4% |
| 2012 | 0.9% | +10.6% |
| 2013 | 0.9% | +2.6% |
| 2014 | 0.8% | -12.2% |
| 2015 | 1.0% | +25.7% |
| 2016 | 0.9% | -5.7% |
| 2017 | 1.0% | +11.3% |
| 2018 | 1.0% | +1.5% |
| 2019 | 1.1% | +1.3% |
| 2020 | 1.0% | -4.1% |
| 2021 | 1.0% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1% | 1.1% | 1.1% | 2 |
| 2000s | 0.9% | 0.7% | 1.2% | 10 |
| 2010s | 0.9% | 0.8% | 1.1% | 10 |
| 2020s | 1.0% | 1.0% | 1.0% | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
Frequently asked questions
- What is adjusted savings: carbon dioxide damage in Faroe Islands?
- Adjusted savings: carbon dioxide damage in Faroe Islands was 1.0% 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 1.2% in 2000.
- What is the lowest adjusted savings: carbon dioxide damage recorded in Faroe Islands?
- The lowest recorded value was 0.7% in 2007.
- How does Faroe Islands rank for adjusted savings: carbon dioxide damage?
- Faroe Islands ranks 145th out of 204 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 30.1%. The long-run trend across the full record is falling.
- 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 (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.