Industry (including construction), value added (current US$), per in Faroe Islands
Faroe Islands: Industry (including construction), value added (current US$), per was 0.183 current US$ per US$ of GDP in 2024. ▬ Flat
Industry (including construction), value added (current US$), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for industry (including construction), value added (current us$), per in Faroe Islands is 0.183 current US$ per US$ of GDP, measured in 2024.
Compared with earlier readings it is down 7.7% on the previous year and up 16.8% over ten years.
Over the whole period, industry (including construction), value added (current us$), per in Faroe Islands peaked at 0.2099 current US$ per US$ of GDP in 2020 and was at its lowest, 0.1381 current US$ per US$ of GDP, in 2013.
Faroe Islands ranks 141st of 207 countries on this measure, in the middle of the range.
Industry (including construction), value added (current US$), per in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.1715 current US$ per US$ of GDP | — |
| 1999 | 0.1825 current US$ per US$ of GDP | +6.4% |
| 2000 | 0.1784 current US$ per US$ of GDP | -2.2% |
| 2001 | 0.1862 current US$ per US$ of GDP | +4.4% |
| 2002 | 0.1937 current US$ per US$ of GDP | +4.0% |
| 2003 | 0.1882 current US$ per US$ of GDP | -2.9% |
| 2004 | 0.1812 current US$ per US$ of GDP | -3.7% |
| 2005 | 0.1724 current US$ per US$ of GDP | -4.9% |
| 2006 | 0.1694 current US$ per US$ of GDP | -1.7% |
| 2007 | 0.1687 current US$ per US$ of GDP | -0.4% |
| 2008 | 0.1732 current US$ per US$ of GDP | +2.7% |
| 2009 | 0.1596 current US$ per US$ of GDP | -7.9% |
| 2010 | 0.1424 current US$ per US$ of GDP | -10.8% |
| 2011 | 0.143 current US$ per US$ of GDP | +0.5% |
| 2012 | 0.1419 current US$ per US$ of GDP | -0.8% |
| 2013 | 0.1381 current US$ per US$ of GDP | -2.7% |
| 2014 | 0.1567 current US$ per US$ of GDP | +13.4% |
| 2015 | 0.1649 current US$ per US$ of GDP | +5.2% |
| 2016 | 0.156 current US$ per US$ of GDP | -5.4% |
| 2017 | 0.1731 current US$ per US$ of GDP | +10.9% |
| 2018 | 0.1789 current US$ per US$ of GDP | +3.4% |
| 2019 | 0.1911 current US$ per US$ of GDP | +6.9% |
| 2020 | 0.2099 current US$ per US$ of GDP | +9.8% |
| 2021 | 0.1939 current US$ per US$ of GDP | -7.6% |
| 2022 | 0.1773 current US$ per US$ of GDP | -8.5% |
| 2023 | 0.1983 current US$ per US$ of GDP | +11.8% |
| 2024 | 0.183 current US$ per US$ of GDP | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.177 current US$ per US$ of GDP | 0.1715 current US$ per US$ of GDP | 0.1825 current US$ per US$ of GDP | 2 |
| 2000s | 0.1771 current US$ per US$ of GDP | 0.1596 current US$ per US$ of GDP | 0.1937 current US$ per US$ of GDP | 10 |
| 2010s | 0.1586 current US$ per US$ of GDP | 0.1381 current US$ per US$ of GDP | 0.1911 current US$ per US$ of GDP | 10 |
| 2020s | 0.1925 current US$ per US$ of GDP | 0.1773 current US$ per US$ of GDP | 0.2099 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 138 Belgium 0.1861 current US$ per US$ of GDP compare
- 139 Georgia 0.186 current US$ per US$ of GDP compare
- 140 Greenland 0.1845 current US$ per US$ of GDP compare
- 142 Portugal 0.1825 current US$ per US$ of GDP compare
- 143 Burundi 0.1823 current US$ per US$ of GDP compare
- 144 Antigua and Barbuda 0.1817 current US$ per US$ of GDP 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$), per 13,574 current US$ per person (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 0.183 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The highest recorded value was 0.2099 current US$ per US$ of GDP in 2020.
- What is the lowest industry (including construction), value added (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 0.1381 current US$ per US$ of GDP in 2013.
- How does Faroe Islands rank for industry (including construction), value added (current us$), per?
- Faroe Islands ranks 141st out of 207 countries with data for 2024.
- Is industry (including construction), value added (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 16.8%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Industry (including construction), value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (current US$) ÷ GDP (current US$)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.