Industry (including construction), value added (current LCU), per in Faroe Islands
Faroe Islands: Industry (including construction), value added (current LCU), per was 3.93 million current LCU per square kilometre in 2023. ▲ Rising
Industry (including construction), value added (current LCU), per in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for industry (including construction), value added (current lcu), per in Faroe Islands is 3.93 million current LCU per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
The figure is up 18.8% on the previous year and up 163.0% over ten years.
Over the whole period, industry (including construction), value added (current lcu), per in Faroe Islands peaked at 3.93 million current LCU per square kilometre in 2023 and was at its lowest, 909,241 current LCU per square kilometre, in 1998.
That places Faroe Islands 94th out of 205 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Industry (including construction), value added (current LCU), per in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 909,241 current LCU per square kilometre | — |
| 1999 | 1.03 million current LCU per square kilometre | +13.1% |
| 2000 | 1.10 million current LCU per square kilometre | +7.2% |
| 2001 | 1.29 million current LCU per square kilometre | +16.8% |
| 2002 | 1.40 million current LCU per square kilometre | +8.5% |
| 2003 | 1.33 million current LCU per square kilometre | -4.5% |
| 2004 | 1.34 million current LCU per square kilometre | +0.6% |
| 2005 | 1.30 million current LCU per square kilometre | -2.8% |
| 2006 | 1.46 million current LCU per square kilometre | +11.7% |
| 2007 | 1.54 million current LCU per square kilometre | +5.7% |
| 2008 | 1.58 million current LCU per square kilometre | +2.4% |
| 2009 | 1.41 million current LCU per square kilometre | -10.6% |
| 2010 | 1.34 million current LCU per square kilometre | -5.0% |
| 2011 | 1.38 million current LCU per square kilometre | +3.1% |
| 2012 | 1.43 million current LCU per square kilometre | +3.7% |
| 2013 | 1.49 million current LCU per square kilometre | +4.6% |
| 2014 | 1.84 million current LCU per square kilometre | +22.8% |
| 2015 | 2.04 million current LCU per square kilometre | +11.4% |
| 2016 | 2.12 million current LCU per square kilometre | +3.5% |
| 2017 | 2.44 million current LCU per square kilometre | +15.3% |
| 2018 | 2.58 million current LCU per square kilometre | +5.8% |
| 2019 | 2.98 million current LCU per square kilometre | +15.6% |
| 2020 | 3.29 million current LCU per square kilometre | +10.3% |
| 2021 | 3.29 million current LCU per square kilometre | +0.1% |
| 2022 | 3.31 million current LCU per square kilometre | +0.6% |
| 2023 | 3.93 million current LCU per square kilometre | +18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 968,806 current LCU per square kilometre | 909,241 current LCU per square kilometre | 1.03 million current LCU per square kilometre | 2 |
| 2000s | 1.37 million current LCU per square kilometre | 1.10 million current LCU per square kilometre | 1.58 million current LCU per square kilometre | 10 |
| 2010s | 1.96 million current LCU per square kilometre | 1.34 million current LCU per square kilometre | 2.98 million current LCU per square kilometre | 10 |
| 2020s | 3.46 million current LCU per square kilometre | 3.29 million current LCU per square kilometre | 3.93 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 91 Barbados 4.13 million current LCU per square kilometre compare
- 92 Aruba 4.04 million current LCU per square kilometre compare
- 93 Sudan 3.99 million current LCU per square kilometre compare
- 95 Belgium 3.85 million current LCU per square kilometre compare
- 96 Sweden 3.41 million current LCU per square kilometre compare
- 97 Egypt 3.34 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 7,019 current US$ per person (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$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current LCU), per 1.26 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), annual -5.07 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (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 3.93 million current LCU per square kilometre in 2023, 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 3.93 million current LCU per square kilometre in 2023.
- What is the lowest industry (including construction), value added (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 909,241 current LCU per square kilometre in 1998.
- How does Faroe Islands rank for industry (including construction), value added (current lcu), per?
- Faroe Islands ranks 94th out of 205 countries with data for 2023.
- Is industry (including construction), value added (current lcu), per rising or falling in Faroe Islands?
- Over the last ten years it is up 163.0%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 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 Land area (sq. km), 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) ÷ Land area (sq. km)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.