Services, value added (current LCU), per square kilometre in Faroe Islands
Faroe Islands: Services, value added (current LCU), per square kilometre was 10.24 million current LCU per square kilometre in 2023. ▲ Rising
Services, value added (current LCU), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for services, value added (current lcu), per square kilometre in Faroe Islands is 10.24 million current LCU per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 57.1% over ten years.
Over the whole period, services, value added (current lcu), per square kilometre in Faroe Islands peaked at 10.24 million current LCU per square kilometre in 2023 and was at its lowest, 2.73 million current LCU per square kilometre, in 1998.
That places Faroe Islands 91st out of 202 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Services, value added (current LCU), per square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 2.73 million current LCU per square kilometre | — |
| 1999 | 2.94 million current LCU per square kilometre | +7.7% |
| 2000 | 3.14 million current LCU per square kilometre | +6.9% |
| 2001 | 3.51 million current LCU per square kilometre | +11.8% |
| 2002 | 3.75 million current LCU per square kilometre | +6.7% |
| 2003 | 3.91 million current LCU per square kilometre | +4.4% |
| 2004 | 4.19 million current LCU per square kilometre | +7.0% |
| 2005 | 4.35 million current LCU per square kilometre | +4.0% |
| 2006 | 4.75 million current LCU per square kilometre | +9.2% |
| 2007 | 5.10 million current LCU per square kilometre | +7.4% |
| 2008 | 5.37 million current LCU per square kilometre | +5.2% |
| 2009 | 5.39 million current LCU per square kilometre | +0.3% |
| 2010 | 5.47 million current LCU per square kilometre | +1.5% |
| 2011 | 5.68 million current LCU per square kilometre | +3.9% |
| 2012 | 6.18 million current LCU per square kilometre | +8.8% |
| 2013 | 6.52 million current LCU per square kilometre | +5.4% |
| 2014 | 6.80 million current LCU per square kilometre | +4.2% |
| 2015 | 7.06 million current LCU per square kilometre | +3.9% |
| 2016 | 7.36 million current LCU per square kilometre | +4.2% |
| 2017 | 7.59 million current LCU per square kilometre | +3.1% |
| 2018 | 7.87 million current LCU per square kilometre | +3.8% |
| 2019 | 8.24 million current LCU per square kilometre | +4.7% |
| 2020 | 8.38 million current LCU per square kilometre | +1.7% |
| 2021 | 9.15 million current LCU per square kilometre | +9.2% |
| 2022 | 9.65 million current LCU per square kilometre | +5.5% |
| 2023 | 10.24 million current LCU per square kilometre | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.83 million current LCU per square kilometre | 2.73 million current LCU per square kilometre | 2.94 million current LCU per square kilometre | 2 |
| 2000s | 4.35 million current LCU per square kilometre | 3.14 million current LCU per square kilometre | 5.39 million current LCU per square kilometre | 10 |
| 2010s | 6.88 million current LCU per square kilometre | 5.47 million current LCU per square kilometre | 8.24 million current LCU per square kilometre | 10 |
| 2020s | 9.36 million current LCU per square kilometre | 8.38 million current LCU per square kilometre | 10.24 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 88 Uruguay 11.55 million current LCU per square kilometre compare
- 89 Bahrain 11.28 million current LCU per square kilometre compare
- 90 Congo 11.00 million current LCU per square kilometre compare
- 92 Isle of Man 10.18 million current LCU per square kilometre compare
- 93 Sweden 9.87 million current LCU per square kilometre compare
- 94 Curacao 9.70 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Services, value added (current US$), 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$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 65,417 current US$ per person (2024)
Frequently asked questions
- What is services, value added (current lcu), per square kilometre in Faroe Islands?
- Services, value added (current lcu), per square kilometre in Faroe Islands was 10.24 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest services, value added (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 10.24 million current LCU per square kilometre in 2023.
- What is the lowest services, value added (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 2.73 million current LCU per square kilometre in 1998.
- How does Faroe Islands rank for services, value added (current lcu), per square kilometre?
- Faroe Islands ranks 91st out of 202 countries with data for 2023.
- Is services, value added (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 57.1%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (current LCU) 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.
Services, value added (current LCU) ÷ Land area (sq. km)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- 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
Services, value added (current LCU) 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.