Industry (including construction), value added (current US$), per in Faroe Islands
Faroe Islands: Industry (including construction), value added (current US$), per was 13,574 current US$ per person in 2024. ▲ Rising
Industry (including construction), value added (current US$), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
Faroe Islands recorded 13,574 current US$ per person for industry (including construction), value added (current us$), per in 2024.
Compared with earlier readings it is down 5.6% on the previous year and up 44.0% over ten years.
Over the whole period, industry (including construction), value added (current us$), per in Faroe Islands peaked at 14,373 current US$ per person in 2023 and was at its lowest, 4,160 current US$ per person, in 2000.
Faroe Islands ranks 21st of 207 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Industry (including construction), value added (current US$), per in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 4,240 current US$ per person | — |
| 1999 | 4,558 current US$ per person | +7.5% |
| 2000 | 4,160 current US$ per person | -8.7% |
| 2001 | 4,632 current US$ per person | +11.3% |
| 2002 | 5,218 current US$ per person | +12.7% |
| 2003 | 5,884 current US$ per person | +12.8% |
| 2004 | 6,459 current US$ per person | +9.8% |
| 2005 | 6,273 current US$ per person | -2.9% |
| 2006 | 7,072 current US$ per person | +12.7% |
| 2007 | 8,156 current US$ per person | +15.3% |
| 2008 | 8,885 current US$ per person | +8.9% |
| 2009 | 7,512 current US$ per person | -15.4% |
| 2010 | 6,822 current US$ per person | -9.2% |
| 2011 | 7,383 current US$ per person | +8.2% |
| 2012 | 7,134 current US$ per person | -3.4% |
| 2013 | 7,702 current US$ per person | +8.0% |
| 2014 | 9,428 current US$ per person | +22.4% |
| 2015 | 8,678 current US$ per person | -8.0% |
| 2016 | 8,873 current US$ per person | +2.3% |
| 2017 | 10,278 current US$ per person | +15.8% |
| 2018 | 11,184 current US$ per person | +8.8% |
| 2019 | 12,055 current US$ per person | +7.8% |
| 2020 | 13,065 current US$ per person | +8.4% |
| 2021 | 13,460 current US$ per person | +3.0% |
| 2022 | 11,892 current US$ per person | -11.6% |
| 2023 | 14,373 current US$ per person | +20.9% |
| 2024 | 13,574 current US$ per person | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4,399 current US$ per person | 4,240 current US$ per person | 4,558 current US$ per person | 2 |
| 2000s | 6,425 current US$ per person | 4,160 current US$ per person | 8,885 current US$ per person | 10 |
| 2010s | 8,954 current US$ per person | 6,822 current US$ per person | 12,055 current US$ per person | 10 |
| 2020s | 13,273 current US$ per person | 11,892 current US$ per person | 14,373 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 18 Germany 15,220 current US$ per person compare
- 19 Austria 15,092 current US$ per person compare
- 20 Saudi Arabia 14,841 current US$ per person compare
- 22 Sweden 13,279 current US$ per person compare
- 23 Luxembourg 13,070 current US$ per person compare
- 24 Netherlands 13,026 current US$ per person compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current LCU), per 93,585 current LCU per person (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$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current LCU), annual -5.07 % change on previous year (2024)
- Industry (including construction), value added (current US$), 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 us$), per in Faroe Islands?
- Industry (including construction), value added (current us$), per in Faroe Islands was 13,574 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The highest recorded value was 14,373 current US$ per person in 2023.
- What is the lowest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 4,160 current US$ per person in 2000.
- How does Faroe Islands rank for industry (including construction), value added (current us$), per?
- Faroe Islands ranks 21st out of 207 countries with data for 2024.
- Is industry (including construction), value added (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 44.0%. 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 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Industry (including construction), value added (current US$) 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 US$) ÷ Population, total
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.