Manufacturing, value added (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: Manufacturing, value added (current LCU), per unit of GDP was 0.6524 current LCU per US$ of GDP in 2024. ▼ Falling
Manufacturing, value added (current LCU), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 0.6524 current LCU per US$ of GDP for manufacturing, value added (current lcu), per unit of gdp in 2024.
The figure is down 16.9% on the previous year and up 27.9% over ten years.
Over the whole period, manufacturing, value added (current lcu), per unit of gdp in Faroe Islands peaked at 0.9371 current LCU per US$ of GDP in 2001 and was at its lowest, 0.4283 current LCU per US$ of GDP, in 2011.
That places Faroe Islands 110th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Manufacturing, value added (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.6768 current LCU per US$ of GDP | — |
| 1999 | 0.7563 current LCU per US$ of GDP | +11.7% |
| 2000 | 0.8512 current LCU per US$ of GDP | +12.5% |
| 2001 | 0.9371 current LCU per US$ of GDP | +10.1% |
| 2002 | 0.8897 current LCU per US$ of GDP | -5.1% |
| 2003 | 0.6948 current LCU per US$ of GDP | -21.9% |
| 2004 | 0.5757 current LCU per US$ of GDP | -17.1% |
| 2005 | 0.5493 current LCU per US$ of GDP | -4.6% |
| 2006 | 0.5313 current LCU per US$ of GDP | -3.3% |
| 2007 | 0.4868 current LCU per US$ of GDP | -8.4% |
| 2008 | 0.4523 current LCU per US$ of GDP | -7.1% |
| 2009 | 0.4618 current LCU per US$ of GDP | +2.1% |
| 2010 | 0.4611 current LCU per US$ of GDP | -0.2% |
| 2011 | 0.4283 current LCU per US$ of GDP | -7.1% |
| 2012 | 0.4793 current LCU per US$ of GDP | +11.9% |
| 2013 | 0.4326 current LCU per US$ of GDP | -9.7% |
| 2014 | 0.5099 current LCU per US$ of GDP | +17.9% |
| 2015 | 0.6271 current LCU per US$ of GDP | +23.0% |
| 2016 | 0.5573 current LCU per US$ of GDP | -11.1% |
| 2017 | 0.6098 current LCU per US$ of GDP | +9.4% |
| 2018 | 0.5679 current LCU per US$ of GDP | -6.9% |
| 2019 | 0.6945 current LCU per US$ of GDP | +22.3% |
| 2020 | 0.7074 current LCU per US$ of GDP | +1.9% |
| 2021 | 0.6715 current LCU per US$ of GDP | -5.1% |
| 2022 | 0.7141 current LCU per US$ of GDP | +6.3% |
| 2023 | 0.7854 current LCU per US$ of GDP | +10.0% |
| 2024 | 0.6524 current LCU per US$ of GDP | -16.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7166 current LCU per US$ of GDP | 0.6768 current LCU per US$ of GDP | 0.7563 current LCU per US$ of GDP | 2 |
| 2000s | 0.643 current LCU per US$ of GDP | 0.4523 current LCU per US$ of GDP | 0.9371 current LCU per US$ of GDP | 10 |
| 2010s | 0.5368 current LCU per US$ of GDP | 0.4283 current LCU per US$ of GDP | 0.6945 current LCU per US$ of GDP | 10 |
| 2020s | 0.7062 current LCU per US$ of GDP | 0.6524 current LCU per US$ of GDP | 0.7854 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 107 Seychelles 0.7964 current LCU per US$ of GDP compare
- 108 Botswana 0.7684 current LCU per US$ of GDP compare
- 109 Brazil 0.6578 current LCU per US$ of GDP compare
- 111 Norway 0.6357 current LCU per US$ of GDP compare
- 112 Belarus 0.6294 current LCU per US$ of GDP compare
- 113 Saudi Arabia 0.5931 current LCU per US$ of GDP 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 capita 48,390 current LCU per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added (current lcu), per unit of gdp in Faroe Islands?
- Manufacturing, value added (current lcu), per unit of gdp in Faroe Islands was 0.6524 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest manufacturing, value added (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.9371 current LCU per US$ of GDP in 2001.
- What is the lowest manufacturing, value added (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.4283 current LCU per US$ of GDP in 2011.
- How does Faroe Islands rank for manufacturing, value added (current lcu), per unit of gdp?
- Faroe Islands ranks 110th out of 203 countries with data for 2024.
- Is manufacturing, value added (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 27.9%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Manufacturing, value added (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Manufacturing, value added (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (current LCU) ÷ GDP (current US$)
Computed from
- Manufacturing, 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
Manufacturing, 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.