Agriculture, forestry, and fishing, value added (current LCU), annual in Faroe Islands
Faroe Islands: Agriculture, forestry, and fishing, value added (current LCU), annual was -6.93 % change on previous year in 2024. ◆ Volatile
Agriculture, forestry, and fishing, value added (current LCU), annual in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, agriculture, forestry, and fishing, value added (current lcu), annual in Faroe Islands stood at -6.93 % change on previous year.
Compared with earlier readings it is down 1,184.9% on the previous year and down 171.8% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added (current lcu), annual in Faroe Islands peaked at 57.79 % change on previous year in 2010 and was at its lowest, -23.59 % change on previous year, in 2003.
That places Faroe Islands 200th out of 206 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Agriculture, forestry, and fishing, value added (current LCU), annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -4.57 % change on previous year | — |
| 2000 | 22.38 % change on previous year | -589.8% |
| 2001 | 11.93 % change on previous year | -46.7% |
| 2002 | -10.46 % change on previous year | -187.8% |
| 2003 | -23.59 % change on previous year | +125.4% |
| 2004 | 3.33 % change on previous year | -114.1% |
| 2005 | -0.7496 % change on previous year | -122.5% |
| 2006 | 35.71 % change on previous year | -4864.0% |
| 2007 | -4.61 % change on previous year | -112.9% |
| 2008 | -23.39 % change on previous year | +407.5% |
| 2009 | 1.91 % change on previous year | -108.2% |
| 2010 | 57.79 % change on previous year | +2922.3% |
| 2011 | -0.1081 % change on previous year | -100.2% |
| 2012 | -11.46 % change on previous year | +10497.1% |
| 2013 | 30.15 % change on previous year | -363.2% |
| 2014 | 9.65 % change on previous year | -68.0% |
| 2015 | 10.63 % change on previous year | +10.2% |
| 2016 | 35.52 % change on previous year | +234.2% |
| 2017 | -3.76 % change on previous year | -110.6% |
| 2018 | -7.11 % change on previous year | +89.1% |
| 2019 | 13.05 % change on previous year | -283.4% |
| 2020 | -20.95 % change on previous year | -260.6% |
| 2021 | 12.6 % change on previous year | -160.1% |
| 2022 | 44.97 % change on previous year | +257.0% |
| 2023 | 0.6384 % change on previous year | -98.6% |
| 2024 | -6.93 % change on previous year | -1184.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -4.57 % change on previous year | -4.57 % change on previous year | -4.57 % change on previous year | 1 |
| 2000s | 1.24 % change on previous year | -23.59 % change on previous year | 35.71 % change on previous year | 10 |
| 2010s | 13.43 % change on previous year | -11.46 % change on previous year | 57.79 % change on previous year | 10 |
| 2020s | 6.06 % change on previous year | -20.95 % change on previous year | 44.97 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 197 Brunei Darussalam -3.54 % change on previous year compare
- 198 Belgium -4.53 % change on previous year compare
- 199 Trinidad and Tobago -4.75 % change on previous year compare
- 201 New Zealand -7.15 % change on previous year compare
- 202 Afghanistan -7.8 % change on previous year compare
- 203 Iraq -8.53 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is agriculture, forestry, and fishing, value added (current lcu), annual in Faroe Islands?
- Agriculture, forestry, and fishing, value added (current lcu), annual in Faroe Islands was -6.93 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest agriculture, forestry, and fishing, value added (current lcu), annual recorded in Faroe Islands?
- The highest recorded value was 57.79 % change on previous year in 2010.
- What is the lowest agriculture, forestry, and fishing, value added (current lcu), annual recorded in Faroe Islands?
- The lowest recorded value was -23.59 % change on previous year in 2003.
- How does Faroe Islands rank for agriculture, forestry, and fishing, value added (current lcu), annual?
- Faroe Islands ranks 200th out of 206 countries with data for 2024.
- Is agriculture, forestry, and fishing, value added (current lcu), annual rising or falling in Faroe Islands?
- Over the last ten years it is down 171.8%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Agriculture, forestry, and fishing, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Agriculture, forestry, and fishing, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Agriculture, forestry, and fishing, value added Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Agriculture, forestry, and fishing, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.