Share of manufacturing in gross domestic product (GDP) in Faroe Islands
Faroe Islands: Share of manufacturing in gross domestic product (GDP) was 9.5% in 2024. ▬ Flat
Share of manufacturing in gross domestic product (GDP) in Faroe Islands, 1998–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, share of manufacturing in gross domestic product (gdp) in Faroe Islands stood at 9.5%.
The figure is down 17.0% on the previous year and up 4.2% over ten years.
Over the whole period, share of manufacturing in gross domestic product (gdp) in Faroe Islands peaked at 11.4% in 2023 and was at its lowest, 7.7%, in 2013.
That places Faroe Islands 106th out of 202 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.5% | 10.1% | 10.8% | 2 |
| 2000s | 9.8% | 8.6% | 11.3% | 10 |
| 2010s | 8.7% | 7.7% | 10.4% | 10 |
| 2020s | 10.5% | 9.5% | 11.4% | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- External balance on goods and services 938.80 million current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- Imports of goods and services 14.31 billion current LCU (2024)
- Imports of goods and services 51.2% (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- Trade 105.8% (2024)
- Manufacturing, value added 383.50 million current US$ (2024)
- Agriculture, forestry, and fishing, value added 4.49 billion current LCU (2024)
- Gross capital formation 7.87 billion current LCU (2024)
Frequently asked questions
- What is share of manufacturing in gross domestic product (gdp) in Faroe Islands?
- Share of manufacturing in gross domestic product (gdp) in Faroe Islands was 9.5% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Faroe Islands?
- The highest recorded value was 11.4% in 2023.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Faroe Islands?
- The lowest recorded value was 7.7% in 2013.
- How does Faroe Islands rank for share of manufacturing in gross domestic product (gdp)?
- Faroe Islands ranks 106th out of 202 countries with data for 2024.
- Is share of manufacturing in gross domestic product (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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.