Agriculture, forestry, and fishing, value added (current LCU), per in Faroe Islands
Faroe Islands: Agriculture, forestry, and fishing, value added (current LCU), per was 82,165 current LCU per person in 2024. ▲ Rising
Agriculture, forestry, and fishing, value added (current LCU), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands stood at 82,165 current LCU per person.
Compared with earlier readings it is down 7.3% on the previous year and up 62.3% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands peaked at 88,919 current LCU per person in 2022 and was at its lowest, 24,731 current LCU per person, in 2003.
That places Faroe Islands 57th out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Agriculture, forestry, and fishing, value added (current LCU), per in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 29,733 current LCU per person | — |
| 1999 | 28,078 current LCU per person | -5.6% |
| 2000 | 33,905 current LCU per person | +20.8% |
| 2001 | 37,232 current LCU per person | +9.8% |
| 2002 | 32,842 current LCU per person | -11.8% |
| 2003 | 24,731 current LCU per person | -24.7% |
| 2004 | 25,368 current LCU per person | +2.6% |
| 2005 | 25,191 current LCU per person | -0.7% |
| 2006 | 34,203 current LCU per person | +35.8% |
| 2007 | 32,598 current LCU per person | -4.7% |
| 2008 | 24,885 current LCU per person | -23.7% |
| 2009 | 25,235 current LCU per person | +1.4% |
| 2010 | 39,927 current LCU per person | +58.2% |
| 2011 | 39,978 current LCU per person | +0.1% |
| 2012 | 35,583 current LCU per person | -11.0% |
| 2013 | 46,353 current LCU per person | +30.3% |
| 2014 | 50,633 current LCU per person | +9.2% |
| 2015 | 55,475 current LCU per person | +9.6% |
| 2016 | 74,318 current LCU per person | +34.0% |
| 2017 | 70,502 current LCU per person | -5.1% |
| 2018 | 64,435 current LCU per person | -8.6% |
| 2019 | 71,726 current LCU per person | +11.3% |
| 2020 | 55,866 current LCU per person | -22.1% |
| 2021 | 62,042 current LCU per person | +11.1% |
| 2022 | 88,919 current LCU per person | +43.3% |
| 2023 | 88,672 current LCU per person | -0.3% |
| 2024 | 82,165 current LCU per person | -7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28,906 current LCU per person | 28,078 current LCU per person | 29,733 current LCU per person | 2 |
| 2000s | 29,619 current LCU per person | 24,731 current LCU per person | 37,232 current LCU per person | 10 |
| 2010s | 54,893 current LCU per person | 35,583 current LCU per person | 74,318 current LCU per person | 10 |
| 2020s | 75,533 current LCU per person | 55,866 current LCU per person | 88,919 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 54 Pakistan 102,656 current LCU per person compare
- 55 Yemen 97,647 current LCU per person compare
- 56 Central African Republic 89,345 current LCU per person compare
- 58 Kenya 70,759 current LCU per person compare
- 59 Greenland 66,735 current LCU per person compare
- 60 Uruguay 66,266 current LCU per person compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (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), per capita 279,001 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
Frequently asked questions
- What is agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands?
- Agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands was 82,165 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest agriculture, forestry, and fishing, value added (current lcu), per recorded in Faroe Islands?
- The highest recorded value was 88,919 current LCU per person in 2022.
- What is the lowest agriculture, forestry, and fishing, value added (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 24,731 current LCU per person in 2003.
- How does Faroe Islands rank for agriculture, forestry, and fishing, value added (current lcu), per?
- Faroe Islands ranks 57th out of 206 countries with data for 2024.
- Is agriculture, forestry, and fishing, value added (current lcu), per rising or falling in Faroe Islands?
- Over the last ten years it is up 62.3%. The long-run trend across the full record is rising.
- 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), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Agriculture, forestry, and fishing, value added (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Agriculture, forestry, and fishing, value added (current LCU) ÷ Population, total
Computed from
- Agriculture, forestry, and fishing, value added Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
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
Agriculture, forestry, and fishing, value added (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.