Sustainable fisheries as a proportion of GDP in Faroe Islands
Faroe Islands: Sustainable fisheries as a proportion of GDP was 12.3% in 2023. ▲ Rising
Sustainable fisheries as a proportion of GDP in Faroe Islands, 2011–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for sustainable fisheries as a proportion of gdp in Faroe Islands is 12.3%, measured in 2023.
That represents a change of up 37.3% on the previous year and up 22.4% over ten years.
Over the whole period, sustainable fisheries as a proportion of gdp in Faroe Islands peaked at 12.7% in 2017 and was at its lowest, 9.0%, in 2021.
That places Faroe Islands 1st out of 127 countries with data for 2023, putting it in the top 10%.
Sustainable fisheries as a proportion of GDP in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 10.4% | — |
| 2013 | 10.1% | -3.5% |
| 2015 | 10.1% | +0.1% |
| 2017 | 12.7% | +26.0% |
| 2019 | 10.8% | -14.7% |
| 2021 | 9.0% | -17.1% |
| 2023 | 12.3% | +37.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.8% | 10.1% | 12.7% | 5 |
| 2020s | 10.6% | 9.0% | 12.3% | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is sustainable fisheries as a proportion of gdp in Faroe Islands?
- Sustainable fisheries as a proportion of gdp in Faroe Islands was 12.3% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest sustainable fisheries as a proportion of gdp recorded in Faroe Islands?
- The highest recorded value was 12.7% in 2017.
- What is the lowest sustainable fisheries as a proportion of gdp recorded in Faroe Islands?
- The lowest recorded value was 9.0% in 2021.
- How does Faroe Islands rank for sustainable fisheries as a proportion of gdp?
- Faroe Islands ranks 1st out of 127 countries with data for 2023.
- Is sustainable fisheries as a proportion of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 22.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Sustainable fisheries as a proportion of GDP. Statizoid updates them automatically from the source API.
Download this data
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