Industry (including construction), value added (current LCU), per in Faroe Islands
Faroe Islands: Industry (including construction), value added (current LCU), per was 93,585 current LCU per person in 2024. ▲ Rising
Industry (including construction), value added (current LCU), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, industry (including construction), value added (current lcu), per in Faroe Islands stood at 93,585 current LCU per person.
The figure is down 5.5% on the previous year and up 76.9% over ten years.
Over the whole period, industry (including construction), value added (current lcu), per in Faroe Islands peaked at 99,024 current LCU per person in 2023 and was at its lowest, 28,412 current LCU per person, in 1998.
Faroe Islands ranks 69th of 207 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Industry (including construction), value added (current LCU), per in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 28,412 current LCU per person | — |
| 1999 | 31,799 current LCU per person | +11.9% |
| 2000 | 33,630 current LCU per person | +5.8% |
| 2001 | 38,550 current LCU per person | +14.6% |
| 2002 | 41,194 current LCU per person | +6.9% |
| 2003 | 38,764 current LCU per person | -5.9% |
| 2004 | 38,697 current LCU per person | -0.2% |
| 2005 | 37,617 current LCU per person | -2.8% |
| 2006 | 42,056 current LCU per person | +11.8% |
| 2007 | 44,396 current LCU per person | +5.6% |
| 2008 | 45,296 current LCU per person | +2.0% |
| 2009 | 40,273 current LCU per person | -11.1% |
| 2010 | 38,369 current LCU per person | -4.7% |
| 2011 | 39,638 current LCU per person | +3.3% |
| 2012 | 41,325 current LCU per person | +4.3% |
| 2013 | 43,258 current LCU per person | +4.7% |
| 2014 | 52,915 current LCU per person | +22.3% |
| 2015 | 58,383 current LCU per person | +10.3% |
| 2016 | 59,732 current LCU per person | +2.3% |
| 2017 | 67,865 current LCU per person | +13.6% |
| 2018 | 70,626 current LCU per person | +4.1% |
| 2019 | 80,400 current LCU per person | +13.8% |
| 2020 | 85,474 current LCU per person | +6.3% |
| 2021 | 84,624 current LCU per person | -1.0% |
| 2022 | 84,151 current LCU per person | -0.6% |
| 2023 | 99,024 current LCU per person | +17.7% |
| 2024 | 93,585 current LCU per person | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30,106 current LCU per person | 28,412 current LCU per person | 31,799 current LCU per person | 2 |
| 2000s | 40,047 current LCU per person | 33,630 current LCU per person | 45,296 current LCU per person | 10 |
| 2010s | 55,251 current LCU per person | 38,369 current LCU per person | 80,400 current LCU per person | 10 |
| 2020s | 89,372 current LCU per person | 84,151 current LCU per person | 99,024 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 66 Mauritius 105,687 current LCU per person compare
- 67 Guinea-Bissau 102,960 current LCU per person compare
- 68 Haiti 96,822 current LCU per person compare
- 70 Pakistan 89,464 current LCU per person compare
- 71 Comoros 88,497 current LCU per person compare
- 72 Yemen 86,430 current LCU per person compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current LCU), per 1.26 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 275,271 current LCU per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is industry (including construction), value added (current lcu), per in Faroe Islands?
- Industry (including construction), value added (current lcu), per in Faroe Islands was 93,585 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest industry (including construction), value added (current lcu), per recorded in Faroe Islands?
- The highest recorded value was 99,024 current LCU per person in 2023.
- What is the lowest industry (including construction), value added (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 28,412 current LCU per person in 1998.
- How does Faroe Islands rank for industry (including construction), value added (current lcu), per?
- Faroe Islands ranks 69th out of 207 countries with data for 2024.
- Is industry (including construction), value added (current lcu), per rising or falling in Faroe Islands?
- Over the last ten years it is up 76.9%. 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 Industry (including construction), value added (current LCU), per capita. Statizoid updates them automatically from the source API.
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CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Industry (including construction), 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.
Industry (including construction), value added (current LCU) ÷ Population, total
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- 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
Industry (including construction), 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.