Manufacturing, value added (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Manufacturing, value added (current US$), per unit of GDP was 0.0946 current US$ per US$ of GDP in 2024. ▬ Flat
Manufacturing, value added (current US$), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.0946 current US$ per US$ of GDP for manufacturing, value added (current us$), per unit of gdp in 2024.
The figure is down 17.0% on the previous year and up 4.2% over ten years.
Over the whole period, manufacturing, value added (current us$), per unit of gdp in Faroe Islands peaked at 0.114 current US$ per US$ of GDP in 2023 and was at its lowest, 0.077 current US$ per US$ of GDP, in 2013.
That places Faroe Islands 107th out of 203 countries with data for 2024, putting it in the middle of the range.
Manufacturing, value added (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.101 current US$ per US$ of GDP | — |
| 1999 | 0.1084 current US$ per US$ of GDP | +7.3% |
| 2000 | 0.1053 current US$ per US$ of GDP | -2.9% |
| 2001 | 0.1126 current US$ per US$ of GDP | +6.9% |
| 2002 | 0.1127 current US$ per US$ of GDP | +0.1% |
| 2003 | 0.1055 current US$ per US$ of GDP | -6.4% |
| 2004 | 0.0961 current US$ per US$ of GDP | -8.9% |
| 2005 | 0.0916 current US$ per US$ of GDP | -4.7% |
| 2006 | 0.0893 current US$ per US$ of GDP | -2.5% |
| 2007 | 0.0894 current US$ per US$ of GDP | +0.1% |
| 2008 | 0.0887 current US$ per US$ of GDP | -0.8% |
| 2009 | 0.0861 current US$ per US$ of GDP | -2.9% |
| 2010 | 0.082 current US$ per US$ of GDP | -4.8% |
| 2011 | 0.0798 current US$ per US$ of GDP | -2.7% |
| 2012 | 0.0827 current US$ per US$ of GDP | +3.7% |
| 2013 | 0.077 current US$ per US$ of GDP | -6.9% |
| 2014 | 0.0908 current US$ per US$ of GDP | +17.9% |
| 2015 | 0.0932 current US$ per US$ of GDP | +2.6% |
| 2016 | 0.0828 current US$ per US$ of GDP | -11.2% |
| 2017 | 0.0924 current US$ per US$ of GDP | +11.6% |
| 2018 | 0.0899 current US$ per US$ of GDP | -2.6% |
| 2019 | 0.1041 current US$ per US$ of GDP | +15.8% |
| 2020 | 0.1081 current US$ per US$ of GDP | +3.9% |
| 2021 | 0.1068 current US$ per US$ of GDP | -1.2% |
| 2022 | 0.1009 current US$ per US$ of GDP | -5.5% |
| 2023 | 0.114 current US$ per US$ of GDP | +13.0% |
| 2024 | 0.0946 current US$ per US$ of GDP | -17.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1047 current US$ per US$ of GDP | 0.101 current US$ per US$ of GDP | 0.1084 current US$ per US$ of GDP | 2 |
| 2000s | 0.0977 current US$ per US$ of GDP | 0.0861 current US$ per US$ of GDP | 0.1127 current US$ per US$ of GDP | 10 |
| 2010s | 0.0875 current US$ per US$ of GDP | 0.077 current US$ per US$ of GDP | 0.1041 current US$ per US$ of GDP | 10 |
| 2020s | 0.1049 current US$ per US$ of GDP | 0.0946 current US$ per US$ of GDP | 0.114 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 104 Brunei Darussalam 0.0993 current US$ per US$ of GDP compare
- 105 Colombia 0.099 current US$ per US$ of GDP compare
- 106 France 0.0949 current US$ per US$ of GDP compare
- 108 Algeria 0.0945 current US$ per US$ of GDP compare
- 109 Oman 0.0938 current US$ per US$ of GDP compare
- 110 United Arab Emirates 0.0937 current US$ 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 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 unit of gdp in Faroe Islands?
- Manufacturing, value added (current us$), per unit of gdp in Faroe Islands was 0.0946 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest manufacturing, value added (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.114 current US$ per US$ of GDP in 2023.
- What is the lowest manufacturing, value added (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.077 current US$ per US$ of GDP in 2013.
- How does Faroe Islands rank for manufacturing, value added (current us$), per unit of gdp?
- Faroe Islands ranks 107th out of 203 countries with data for 2024.
- Is manufacturing, value added (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 4.2%. 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 Manufacturing, value added (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Manufacturing, value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (current US$) ÷ GDP (current US$)
Computed from
- Manufacturing, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Manufacturing, value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.