Manufacturing value added to gdp, per unit of GDP in Faroe Islands
Faroe Islands: Manufacturing value added to gdp, per unit of GDP was 0 units per US$ of GDP in 2024. ◆ Volatile
Manufacturing value added to gdp, per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
Faroe Islands recorded 0 units per US$ of GDP for manufacturing value added to gdp, per unit of gdp in 2024. That is the lowest value across all 27 years on record.
The figure is down 19.2% on the previous year and down 25.1% over ten years.
Over the whole period, manufacturing value added to gdp, per unit of gdp in Faroe Islands peaked at 0 units per US$ of GDP in 2000 and was at its lowest, 0 units per US$ of GDP, in 2024.
Faroe Islands ranks 24th of 202 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing value added to gdp, per unit of GDP in Faroe Islands, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 1998 | 0 units per US$ of GDP | — |
| 1999 | 0 units per US$ of GDP | +5.2% |
| 2000 | 0 units per US$ of GDP | +2.6% |
| 2001 | 0 units per US$ of GDP | -1.7% |
| 2002 | 0 units per US$ of GDP | -8.9% |
| 2003 | 0 units per US$ of GDP | -20.5% |
| 2004 | 0 units per US$ of GDP | -20.7% |
| 2005 | 0 units per US$ of GDP | -6.6% |
| 2006 | 0 units per US$ of GDP | -14.9% |
| 2007 | 0 units per US$ of GDP | -13.6% |
| 2008 | 0 units per US$ of GDP | -6.8% |
| 2009 | 0 units per US$ of GDP | +5.3% |
| 2010 | 0 units per US$ of GDP | -6.3% |
| 2011 | 0 units per US$ of GDP | -9.5% |
| 2012 | 0 units per US$ of GDP | +7.1% |
| 2013 | 0 units per US$ of GDP | -16.0% |
| 2014 | 0 units per US$ of GDP | +8.9% |
| 2015 | 0 units per US$ of GDP | +16.2% |
| 2016 | 0 units per US$ of GDP | -18.7% |
| 2017 | 0 units per US$ of GDP | +5.3% |
| 2018 | 0 units per US$ of GDP | -9.0% |
| 2019 | 0 units per US$ of GDP | +13.0% |
| 2020 | 0 units per US$ of GDP | +3.7% |
| 2021 | 0 units per US$ of GDP | -12.6% |
| 2022 | 0 units per US$ of GDP | -3.3% |
| 2023 | 0 units per US$ of GDP | +3.6% |
| 2024 | 0 units per US$ of GDP | -19.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 0 units per US$ of GDP is above the median for high income countries, which is 0 units per US$ of GDP, 47.0× the median. (75 countries reporting)
- Faroe Islands's 0 units per US$ of GDP is above the median for Europe & Central Asia, which is 0 units per US$ of GDP, 24.2× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 2 |
| 2000s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2010s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2020s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is manufacturing value added to gdp, per unit of gdp in Faroe Islands?
- Manufacturing value added to gdp, per unit of gdp in Faroe Islands was 0 units per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest manufacturing value added to gdp, per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0 units per US$ of GDP in 2000.
- What is the lowest manufacturing value added to gdp, per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0 units per US$ of GDP in 2024.
- How does Faroe Islands rank for manufacturing value added to gdp, per unit of gdp?
- Faroe Islands ranks 24th out of 202 countries with data for 2024.
- Is manufacturing value added to gdp, per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Manufacturing value added to gdp, 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 to gdp divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing value added to gdp ÷ GDP (current US$)
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
- 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 to gdp divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.