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% |
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
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
Frequently asked questions
- What is manufacturing value added to gdp, per unit of gdp in Faroe Islands?
- Manufacturing value added to gdp, per unit of gdp in Faroe Islands was 0 units per US$ 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
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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.