Manufacturing value added to gdp, per square kilometre in Faroe Islands
Faroe Islands: Manufacturing value added to gdp, per square kilometre was 0.0083 units per square kilometre in 2023. ▬ Flat
Manufacturing value added to gdp, per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
In 2023, manufacturing value added to gdp, per square kilometre in Faroe Islands stood at 0.0083 units per square kilometre. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 13.0% on the previous year and up 50.8% over ten years.
Over the whole period, manufacturing value added to gdp, per square kilometre in Faroe Islands peaked at 0.0083 units per square kilometre in 2023 and was at its lowest, 0.0055 units per square kilometre, in 2013.
Faroe Islands ranks 16th of 200 countries on this measure, in the top 10%.
Manufacturing value added to gdp, per square kilometre in Faroe Islands, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1998 | 0.0072 units per square kilometre | — |
| 1999 | 0.0078 units per square kilometre | +7.3% |
| 2000 | 0.0075 units per square kilometre | -2.9% |
| 2001 | 0.0081 units per square kilometre | +6.9% |
| 2002 | 0.0081 units per square kilometre | +0.1% |
| 2003 | 0.0076 units per square kilometre | -6.4% |
| 2004 | 0.0069 units per square kilometre | -8.9% |
| 2005 | 0.0066 units per square kilometre | -4.7% |
| 2006 | 0.0064 units per square kilometre | -2.5% |
| 2007 | 0.0064 units per square kilometre | +0.1% |
| 2008 | 0.0064 units per square kilometre | -0.8% |
| 2009 | 0.0062 units per square kilometre | -2.9% |
| 2010 | 0.0059 units per square kilometre | -4.8% |
| 2011 | 0.0057 units per square kilometre | -2.7% |
| 2012 | 0.0059 units per square kilometre | +3.7% |
| 2013 | 0.0055 units per square kilometre | -6.9% |
| 2014 | 0.0065 units per square kilometre | +17.9% |
| 2015 | 0.0067 units per square kilometre | +2.6% |
| 2016 | 0.0059 units per square kilometre | -11.2% |
| 2017 | 0.0066 units per square kilometre | +11.6% |
| 2018 | 0.0064 units per square kilometre | -2.6% |
| 2019 | 0.0075 units per square kilometre | +15.8% |
| 2020 | 0.0079 units per square kilometre | +6.1% |
| 2021 | 0.0078 units per square kilometre | -1.5% |
| 2022 | 0.0074 units per square kilometre | -5.5% |
| 2023 | 0.0083 units per square kilometre | +13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0075 units per square kilometre | 0.0072 units per square kilometre | 0.0078 units per square kilometre | 2 |
| 2000s | 0.007 units per square kilometre | 0.0062 units per square kilometre | 0.0081 units per square kilometre | 10 |
| 2010s | 0.0063 units per square kilometre | 0.0055 units per square kilometre | 0.0075 units per square kilometre | 10 |
| 2020s | 0.0078 units per square kilometre | 0.0074 units per square kilometre | 0.0083 units per square kilometre | 4 |
Countries ranked near Faroe Islands
- 13 Grenada 0.0104 units per square kilometre compare
- 14 Seychelles 0.0104 units per square kilometre compare
- 15 Saint Vincent and the Grenadines 0.0094 units per square kilometre compare
- 17 Andorra 0.0072 units per square kilometre compare
- 18 Tonga 0.0069 units per square kilometre compare
- 19 Maldives 0.0066 units per square kilometre compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 275,271 current LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is manufacturing value added to gdp, per square kilometre in Faroe Islands?
- Manufacturing value added to gdp, per square kilometre in Faroe Islands was 0.0083 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest manufacturing value added to gdp, per square kilometre recorded in Faroe Islands?
- The highest recorded value was 0.0083 units per square kilometre in 2023.
- What is the lowest manufacturing value added to gdp, per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 0.0055 units per square kilometre in 2013.
- How does Faroe Islands rank for manufacturing value added to gdp, per square kilometre?
- Faroe Islands ranks 16th out of 200 countries with data for 2023.
- Is manufacturing value added to gdp, per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 50.8%. 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 Manufacturing value added to gdp, per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Manufacturing value added to gdp divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing value added to gdp ÷ Land area (sq. km)
Computed from
- Share of manufacturing in gross domestic product (GDP) National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 to gdp divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.