Industry (including construction), value added (current US$), per in Faroe Islands
Faroe Islands: Industry (including construction), value added (current US$), per was 570,692 current US$ per square kilometre in 2023. ▲ Rising
Industry (including construction), value added (current US$), per in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for industry (including construction), value added (current us$), per in Faroe Islands is 570,692 current US$ per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
The figure is up 22.0% on the previous year and up 114.4% over ten years.
Over the whole period, industry (including construction), value added (current us$), per in Faroe Islands peaked at 570,692 current US$ per square kilometre in 2023 and was at its lowest, 135,691 current US$ per square kilometre, in 1998.
That places Faroe Islands 53rd 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 US$), per in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 135,691 current US$ per square kilometre | — |
| 1999 | 147,410 current US$ per square kilometre | +8.6% |
| 2000 | 136,360 current US$ per square kilometre | -7.5% |
| 2001 | 154,734 current US$ per square kilometre | +13.5% |
| 2002 | 176,926 current US$ per square kilometre | +14.3% |
| 2003 | 202,460 current US$ per square kilometre | +14.4% |
| 2004 | 223,865 current US$ per square kilometre | +10.6% |
| 2005 | 217,292 current US$ per square kilometre | -2.9% |
| 2006 | 244,865 current US$ per square kilometre | +12.7% |
| 2007 | 282,628 current US$ per square kilometre | +15.4% |
| 2008 | 308,979 current US$ per square kilometre | +9.3% |
| 2009 | 262,555 current US$ per square kilometre | -15.0% |
| 2010 | 237,785 current US$ per square kilometre | -9.4% |
| 2011 | 256,727 current US$ per square kilometre | +8.0% |
| 2012 | 246,788 current US$ per square kilometre | -3.9% |
| 2013 | 266,186 current US$ per square kilometre | +7.9% |
| 2014 | 327,058 current US$ per square kilometre | +22.9% |
| 2015 | 303,956 current US$ per square kilometre | -7.1% |
| 2016 | 314,393 current US$ per square kilometre | +3.4% |
| 2017 | 369,444 current US$ per square kilometre | +17.5% |
| 2018 | 408,578 current US$ per square kilometre | +10.6% |
| 2019 | 447,224 current US$ per square kilometre | +9.5% |
| 2020 | 502,720 current US$ per square kilometre | +12.4% |
| 2021 | 523,572 current US$ per square kilometre | +4.1% |
| 2022 | 467,902 current US$ per square kilometre | -10.6% |
| 2023 | 570,692 current US$ per square kilometre | +22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 141,550 current US$ per square kilometre | 135,691 current US$ per square kilometre | 147,410 current US$ per square kilometre | 2 |
| 2000s | 221,066 current US$ per square kilometre | 136,360 current US$ per square kilometre | 308,979 current US$ per square kilometre | 10 |
| 2010s | 317,814 current US$ per square kilometre | 237,785 current US$ per square kilometre | 447,224 current US$ per square kilometre | 10 |
| 2020s | 516,222 current US$ per square kilometre | 467,902 current US$ per square kilometre | 570,692 current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 50 Portugal 597,117 current US$ per square kilometre compare
- 51 Hungary 593,459 current US$ per square kilometre compare
- 52 Grenada 581,088 current US$ per square kilometre compare
- 54 Norway 522,302 current US$ per square kilometre compare
- 55 Viet Nam 520,316 current US$ per square kilometre compare
- 56 Palestine, State of 515,685 current US$ per square kilometre compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current US$), per 13,574 current US$ 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$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 93,585 current LCU per person (2024)
- Industry (including construction), value added (current LCU), per 1.26 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), annual -5.07 % change on previous year (2024)
- 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)
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 570,692 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The highest recorded value was 570,692 current US$ per square kilometre in 2023.
- What is the lowest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 135,691 current US$ per square kilometre in 1998.
- How does Faroe Islands rank for industry (including construction), value added (current us$), per?
- Faroe Islands ranks 53rd out of 205 countries with data for 2023.
- Is industry (including construction), value added (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 114.4%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Industry (including construction), value added (current US$) 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 US$) ÷ Land area (sq. km)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (current US$) 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.