Manufacturing, value added (current US$), per capita in Faroe Islands
Faroe Islands: Manufacturing, value added (current US$), per capita was 7,019 current US$ per person in 2024. ▲ Rising
Manufacturing, value added (current US$), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
Faroe Islands recorded 7,019 current US$ per person for manufacturing, value added (current us$), per capita in 2024.
The figure is down 15.1% on the previous year and up 28.4% over ten years.
Over the whole period, manufacturing, value added (current us$), per capita in Faroe Islands peaked at 8,263 current US$ per person in 2023 and was at its lowest, 2,456 current US$ per person, in 2000.
That places Faroe Islands 16th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Manufacturing, value added (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 2,498 current US$ per person | — |
| 1999 | 2,708 current US$ per person | +8.4% |
| 2000 | 2,456 current US$ per person | -9.3% |
| 2001 | 2,801 current US$ per person | +14.1% |
| 2002 | 3,036 current US$ per person | +8.4% |
| 2003 | 3,298 current US$ per person | +8.6% |
| 2004 | 3,425 current US$ per person | +3.9% |
| 2005 | 3,333 current US$ per person | -2.7% |
| 2006 | 3,729 current US$ per person | +11.9% |
| 2007 | 4,324 current US$ per person | +15.9% |
| 2008 | 4,550 current US$ per person | +5.2% |
| 2009 | 4,054 current US$ per person | -10.9% |
| 2010 | 3,929 current US$ per person | -3.1% |
| 2011 | 4,118 current US$ per person | +4.8% |
| 2012 | 4,159 current US$ per person | +1.0% |
| 2013 | 4,295 current US$ per person | +3.3% |
| 2014 | 5,467 current US$ per person | +27.3% |
| 2015 | 4,907 current US$ per person | -10.2% |
| 2016 | 4,709 current US$ per person | -4.0% |
| 2017 | 5,485 current US$ per person | +16.5% |
| 2018 | 5,623 current US$ per person | +2.5% |
| 2019 | 6,567 current US$ per person | +16.8% |
| 2020 | 6,731 current US$ per person | +2.5% |
| 2021 | 7,415 current US$ per person | +10.2% |
| 2022 | 6,769 current US$ per person | -8.7% |
| 2023 | 8,263 current US$ per person | +22.1% |
| 2024 | 7,019 current US$ per person | -15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,603 current US$ per person | 2,498 current US$ per person | 2,708 current US$ per person | 2 |
| 2000s | 3,501 current US$ per person | 2,456 current US$ per person | 4,550 current US$ per person | 10 |
| 2010s | 4,926 current US$ per person | 3,929 current US$ per person | 6,567 current US$ per person | 10 |
| 2020s | 7,239 current US$ per person | 6,731 current US$ per person | 8,263 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 13 Sweden 7,862 current US$ per person compare
- 14 United States of America 7,519 current US$ per person compare
- 15 Netherlands 7,429 current US$ per person compare
- 17 Czechia 6,976 current US$ per person compare
- 18 Slovenia 6,954 current US$ per person compare
- 19 Belgium 6,787 current US$ 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 LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added (current us$), per capita in Faroe Islands?
- Manufacturing, value added (current us$), per capita in Faroe Islands was 7,019 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest manufacturing, value added (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 8,263 current US$ per person in 2023.
- What is the lowest manufacturing, value added (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 2,456 current US$ per person in 2000.
- How does Faroe Islands rank for manufacturing, value added (current us$), per capita?
- Faroe Islands ranks 16th out of 203 countries with data for 2024.
- Is manufacturing, value added (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 28.4%. 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 Manufacturing, value added (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Manufacturing, value added (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (current US$) ÷ Population, total
Computed from
- Manufacturing, value added Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Manufacturing, value added (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.