Manufacturing, value added (current LCU), per capita in Faroe Islands
Faroe Islands: Manufacturing, value added (current LCU), per capita was 48,390 current LCU per person in 2024. ▲ Rising
Manufacturing, value added (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for manufacturing, value added (current lcu), per capita in Faroe Islands is 48,390 current LCU per person, measured in 2024.
The figure is down 15.0% on the previous year and up 57.7% over ten years.
Over the whole period, manufacturing, value added (current lcu), per capita in Faroe Islands peaked at 56,929 current LCU per person in 2023 and was at its lowest, 16,737 current LCU per person, in 1998.
Faroe Islands ranks 68th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Manufacturing, value added (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 16,737 current LCU per person | — |
| 1999 | 18,892 current LCU per person | +12.9% |
| 2000 | 19,852 current LCU per person | +5.1% |
| 2001 | 23,315 current LCU per person | +17.4% |
| 2002 | 23,968 current LCU per person | +2.8% |
| 2003 | 21,727 current LCU per person | -9.3% |
| 2004 | 20,521 current LCU per person | -5.6% |
| 2005 | 19,990 current LCU per person | -2.6% |
| 2006 | 22,176 current LCU per person | +10.9% |
| 2007 | 23,538 current LCU per person | +6.1% |
| 2008 | 23,198 current LCU per person | -1.4% |
| 2009 | 21,734 current LCU per person | -6.3% |
| 2010 | 22,096 current LCU per person | +1.7% |
| 2011 | 22,107 current LCU per person | +0.0% |
| 2012 | 24,092 current LCU per person | +9.0% |
| 2013 | 24,121 current LCU per person | +0.1% |
| 2014 | 30,681 current LCU per person | +27.2% |
| 2015 | 33,012 current LCU per person | +7.6% |
| 2016 | 31,696 current LCU per person | -4.0% |
| 2017 | 36,214 current LCU per person | +14.3% |
| 2018 | 35,510 current LCU per person | -1.9% |
| 2019 | 43,800 current LCU per person | +23.3% |
| 2020 | 44,036 current LCU per person | +0.5% |
| 2021 | 46,620 current LCU per person | +5.9% |
| 2022 | 47,895 current LCU per person | +2.7% |
| 2023 | 56,929 current LCU per person | +18.9% |
| 2024 | 48,390 current LCU per person | -15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,814 current LCU per person | 16,737 current LCU per person | 18,892 current LCU per person | 2 |
| 2000s | 22,002 current LCU per person | 19,852 current LCU per person | 23,968 current LCU per person | 10 |
| 2010s | 30,333 current LCU per person | 22,096 current LCU per person | 43,800 current LCU per person | 10 |
| 2020s | 48,774 current LCU per person | 44,036 current LCU per person | 56,929 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 65 Central African Republic 54,006 current LCU per person compare
- 66 Mexico 53,374 current LCU per person compare
- 67 Mali 51,802 current LCU per person compare
- 69 Suriname 45,804 current LCU per person compare
- 70 Burkina Faso 44,193 current LCU per person compare
- 71 Ireland 39,508 current LCU per person compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current LCU), annual -5.07 % change on previous year (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)
- 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$), annual -5.14 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added (current lcu), per capita in Faroe Islands?
- Manufacturing, value added (current lcu), per capita in Faroe Islands was 48,390 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest manufacturing, value added (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 56,929 current LCU per person in 2023.
- What is the lowest manufacturing, value added (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 16,737 current LCU per person in 1998.
- How does Faroe Islands rank for manufacturing, value added (current lcu), per capita?
- Faroe Islands ranks 68th out of 203 countries with data for 2024.
- Is manufacturing, value added (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 57.7%. 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 Manufacturing, value added (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Manufacturing, value added (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (current LCU) ÷ Population, total
Computed from
- Manufacturing, 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
Manufacturing, value added (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.