Taxes less subsidies on products (current LCU), per square kilometre in Faroe Islands
Faroe Islands: Taxes less subsidies on products (current LCU), per square kilometre was 2.14 million current LCU per square kilometre in 2023. ▲ Rising
Taxes less subsidies on products (current LCU), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
In 2023, taxes less subsidies on products (current lcu), per square kilometre in Faroe Islands stood at 2.14 million current LCU per square kilometre.
That represents a change of down 3.3% on the previous year and up 77.1% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per square kilometre in Faroe Islands peaked at 2.21 million current LCU per square kilometre in 2022 and was at its lowest, 714,112 current LCU per square kilometre, in 1998.
That places Faroe Islands 69th out of 195 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.
Taxes less subsidies on products (current LCU), per square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 714,112 current LCU per square kilometre | — |
| 1999 | 760,458 current LCU per square kilometre | +6.5% |
| 2000 | 824,713 current LCU per square kilometre | +8.4% |
| 2001 | 874,212 current LCU per square kilometre | +6.0% |
| 2002 | 954,155 current LCU per square kilometre | +9.1% |
| 2003 | 990,759 current LCU per square kilometre | +3.8% |
| 2004 | 995,416 current LCU per square kilometre | +0.5% |
| 2005 | 1.03 million current LCU per square kilometre | +3.6% |
| 2006 | 1.20 million current LCU per square kilometre | +16.7% |
| 2007 | 1.35 million current LCU per square kilometre | +12.1% |
| 2008 | 1.28 million current LCU per square kilometre | -5.0% |
| 2009 | 1.14 million current LCU per square kilometre | -10.9% |
| 2010 | 1.20 million current LCU per square kilometre | +5.0% |
| 2011 | 1.19 million current LCU per square kilometre | -1.0% |
| 2012 | 1.23 million current LCU per square kilometre | +3.6% |
| 2013 | 1.21 million current LCU per square kilometre | -1.7% |
| 2014 | 1.33 million current LCU per square kilometre | +10.0% |
| 2015 | 1.36 million current LCU per square kilometre | +2.2% |
| 2016 | 1.46 million current LCU per square kilometre | +7.6% |
| 2017 | 1.54 million current LCU per square kilometre | +5.2% |
| 2018 | 1.62 million current LCU per square kilometre | +5.2% |
| 2019 | 1.72 million current LCU per square kilometre | +6.3% |
| 2020 | 1.85 million current LCU per square kilometre | +7.8% |
| 2021 | 2.12 million current LCU per square kilometre | +14.5% |
| 2022 | 2.21 million current LCU per square kilometre | +4.3% |
| 2023 | 2.14 million current LCU per square kilometre | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 737,285 current LCU per square kilometre | 714,112 current LCU per square kilometre | 760,458 current LCU per square kilometre | 2 |
| 2000s | 1.06 million current LCU per square kilometre | 824,713 current LCU per square kilometre | 1.35 million current LCU per square kilometre | 10 |
| 2010s | 1.38 million current LCU per square kilometre | 1.19 million current LCU per square kilometre | 1.72 million current LCU per square kilometre | 10 |
| 2020s | 2.08 million current LCU per square kilometre | 1.85 million current LCU per square kilometre | 2.21 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 66 Luxembourg 2.78 million current LCU per square kilometre compare
- 67 Equatorial Guinea 2.57 million current LCU per square kilometre compare
- 68 San Marino 2.29 million current LCU per square kilometre compare
- 70 Kenya 2.10 million current LCU per square kilometre compare
- 71 Uruguay 1.99 million current LCU per square kilometre compare
- 72 Curaçao 1.95 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per square kilometre in Faroe Islands?
- Taxes less subsidies on products (current lcu), per square kilometre in Faroe Islands was 2.14 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 2.21 million current LCU per square kilometre in 2022.
- What is the lowest taxes less subsidies on products (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 714,112 current LCU per square kilometre in 1998.
- How does Faroe Islands rank for taxes less subsidies on products (current lcu), per square kilometre?
- Faroe Islands ranks 69th out of 195 countries with data for 2023.
- Is taxes less subsidies on products (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 77.1%. 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 Taxes less subsidies on products (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (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.
Taxes less subsidies on products (current LCU) ÷ Land area (sq. km)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Taxes less subsidies on products (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.