Industry (including construction), value added … LCU unit GDP current in Faroe Islands
Faroe Islands: Industry (including construction), value added … LCU unit GDP current was 1.26 current LCU per US$ of GDP in 2024. ▬ Flat
Industry (including construction), value added (current LCU), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 1.26 current LCU per US$ of GDP for industry (including construction), value added (current lcu), per in 2024.
That represents a change of down 7.6% on the previous year and up 43.5% over ten years.
Over the whole period, industry (including construction), value added (current lcu), per in Faroe Islands peaked at 1.55 current LCU per US$ of GDP in 2001 and was at its lowest, 0.7679 current LCU per US$ of GDP, in 2011.
Faroe Islands ranks 122nd of 207 countries on this measure, in the middle of the range.
Industry (including construction), value added … LCU unit GDP current in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 1.15 current LCU per US$ of GDP | — |
| 1999 | 1.27 current LCU per US$ of GDP | +10.8% |
| 2000 | 1.44 current LCU per US$ of GDP | +13.3% |
| 2001 | 1.55 current LCU per US$ of GDP | +7.5% |
| 2002 | 1.53 current LCU per US$ of GDP | -1.3% |
| 2003 | 1.24 current LCU per US$ of GDP | -18.9% |
| 2004 | 1.09 current LCU per US$ of GDP | -12.4% |
| 2005 | 1.03 current LCU per US$ of GDP | -4.8% |
| 2006 | 1.01 current LCU per US$ of GDP | -2.5% |
| 2007 | 0.9182 current LCU per US$ of GDP | -8.9% |
| 2008 | 0.8832 current LCU per US$ of GDP | -3.8% |
| 2009 | 0.8558 current LCU per US$ of GDP | -3.1% |
| 2010 | 0.8006 current LCU per US$ of GDP | -6.4% |
| 2011 | 0.7679 current LCU per US$ of GDP | -4.1% |
| 2012 | 0.8222 current LCU per US$ of GDP | +7.1% |
| 2013 | 0.7758 current LCU per US$ of GDP | -5.6% |
| 2014 | 0.8794 current LCU per US$ of GDP | +13.3% |
| 2015 | 1.11 current LCU per US$ of GDP | +26.1% |
| 2016 | 1.05 current LCU per US$ of GDP | -5.3% |
| 2017 | 1.14 current LCU per US$ of GDP | +8.8% |
| 2018 | 1.13 current LCU per US$ of GDP | -1.2% |
| 2019 | 1.27 current LCU per US$ of GDP | +12.9% |
| 2020 | 1.37 current LCU per US$ of GDP | +7.7% |
| 2021 | 1.22 current LCU per US$ of GDP | -11.2% |
| 2022 | 1.25 current LCU per US$ of GDP | +2.9% |
| 2023 | 1.37 current LCU per US$ of GDP | +8.9% |
| 2024 | 1.26 current LCU per US$ of GDP | -7.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 1.26 current LCU per US$ of GDP is above the median for high income countries, which is 0.2508 current LCU per US$ of GDP, 5.0× the median. (77 countries reporting)
- Faroe Islands's 1.26 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.3428 current LCU per US$ of GDP, 3.7× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.21 current LCU per US$ of GDP | 1.15 current LCU per US$ of GDP | 1.27 current LCU per US$ of GDP | 2 |
| 2000s | 1.15 current LCU per US$ of GDP | 0.8558 current LCU per US$ of GDP | 1.55 current LCU per US$ of GDP | 10 |
| 2010s | 0.9752 current LCU per US$ of GDP | 0.7679 current LCU per US$ of GDP | 1.27 current LCU per US$ of GDP | 10 |
| 2020s | 1.29 current LCU per US$ of GDP | 1.22 current LCU per US$ of GDP | 1.37 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 119 Papua New Guinea 1.41 current LCU per US$ of GDP compare
- 120 Peru 1.29 current LCU per US$ of GDP compare
- 121 Greenland 1.27 current LCU per US$ of GDP compare
- 123 South Sudan 1.19 current LCU per US$ of GDP compare
- 124 Romania 1.13 current LCU per US$ of GDP compare
- 125 Brazil 1.13 current LCU per US$ of GDP compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % 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 1.26 current LCU per US$ of GDP 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 1.55 current LCU per US$ of GDP in 2001.
- What is the lowest industry (including construction), value added (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 0.7679 current LCU per US$ of GDP in 2011.
- How does Faroe Islands rank for industry (including construction), value added (current lcu), per?
- Faroe Islands ranks 122nd 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 43.5%. The long-run trend across the full record is flat.
- 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Industry (including construction), value added (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (current LCU) ÷ GDP (current US$)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- 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
Industry (including construction), 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.