Agriculture, forestry, and fishing, value added (current LCU), per in Faroe Islands
Faroe Islands: Agriculture, forestry, and fishing, value added (current LCU), per was 1.11 current LCU per US$ of GDP 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 US$ of GDP.
Analysis
In 2024, agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands stood at 1.11 current LCU per US$ of GDP.
The figure is down 9.4% on the previous year and up 31.6% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands peaked at 1.5 current LCU per US$ of GDP in 2001 and was at its lowest, 0.4852 current LCU per US$ of GDP, in 2008.
That places Faroe Islands 100th 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 US$ of GDP | Change |
|---|---|---|
| 1998 | 1.2 current LCU per US$ of GDP | — |
| 1999 | 1.12 current LCU per US$ of GDP | -6.5% |
| 2000 | 1.45 current LCU per US$ of GDP | +29.3% |
| 2001 | 1.5 current LCU per US$ of GDP | +2.9% |
| 2002 | 1.22 current LCU per US$ of GDP | -18.5% |
| 2003 | 0.7909 current LCU per US$ of GDP | -35.1% |
| 2004 | 0.7116 current LCU per US$ of GDP | -10.0% |
| 2005 | 0.6923 current LCU per US$ of GDP | -2.7% |
| 2006 | 0.8194 current LCU per US$ of GDP | +18.4% |
| 2007 | 0.6742 current LCU per US$ of GDP | -17.7% |
| 2008 | 0.4852 current LCU per US$ of GDP | -28.0% |
| 2009 | 0.5362 current LCU per US$ of GDP | +10.5% |
| 2010 | 0.8331 current LCU per US$ of GDP | +55.4% |
| 2011 | 0.7745 current LCU per US$ of GDP | -7.0% |
| 2012 | 0.7079 current LCU per US$ of GDP | -8.6% |
| 2013 | 0.8313 current LCU per US$ of GDP | +17.4% |
| 2014 | 0.8415 current LCU per US$ of GDP | +1.2% |
| 2015 | 1.05 current LCU per US$ of GDP | +25.2% |
| 2016 | 1.31 current LCU per US$ of GDP | +24.0% |
| 2017 | 1.19 current LCU per US$ of GDP | -9.1% |
| 2018 | 1.03 current LCU per US$ of GDP | -13.2% |
| 2019 | 1.14 current LCU per US$ of GDP | +10.4% |
| 2020 | 0.8975 current LCU per US$ of GDP | -21.1% |
| 2021 | 0.8937 current LCU per US$ of GDP | -0.4% |
| 2022 | 1.33 current LCU per US$ of GDP | +48.3% |
| 2023 | 1.22 current LCU per US$ of GDP | -7.7% |
| 2024 | 1.11 current LCU per US$ of GDP | -9.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 1.11 current LCU per US$ of GDP is above the median for high income countries, which is 0.0225 current LCU per US$ of GDP, 49.2× the median. (74 countries reporting)
- Faroe Islands's 1.11 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.0651 current LCU per US$ of GDP, 17.0× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.16 current LCU per US$ of GDP | 1.12 current LCU per US$ of GDP | 1.2 current LCU per US$ of GDP | 2 |
| 2000s | 0.8879 current LCU per US$ of GDP | 0.4852 current LCU per US$ of GDP | 1.5 current LCU per US$ of GDP | 10 |
| 2010s | 0.9704 current LCU per US$ of GDP | 0.7079 current LCU per US$ of GDP | 1.31 current LCU per US$ of GDP | 10 |
| 2020s | 1.09 current LCU per US$ of GDP | 0.8937 current LCU per US$ of GDP | 1.33 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 97 Lesotho 1.16 current LCU per US$ of GDP compare
- 98 Eswatini 1.15 current LCU per US$ of GDP compare
- 99 Greenland 1.14 current LCU per US$ of GDP compare
- 101 Zambia 1.03 current LCU per US$ of GDP compare
- 102 Morocco 0.9862 current LCU per US$ of GDP compare
- 103 Mexico 0.7472 current LCU per US$ of GDP 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), per in Faroe Islands?
- Agriculture, forestry, and fishing, value added (current lcu), per in Faroe Islands was 1.11 current LCU per US$ of GDP 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 1.5 current LCU per US$ of GDP in 2001.
- What is the lowest agriculture, forestry, and fishing, value added (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 0.4852 current LCU per US$ of GDP in 2008.
- How does Faroe Islands rank for agriculture, forestry, and fishing, value added (current lcu), per?
- Faroe Islands ranks 100th 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 31.6%. 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Agriculture, forestry, and fishing, value added (current LCU) ÷ GDP (current US$)
Computed from
- Agriculture, forestry, and fishing, value added Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Agriculture, forestry, and fishing, value added (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.