Taxes less subsidies on products (current US$), per square kilometre in Faroe Islands
Faroe Islands: Taxes less subsidies on products (current US$), per square kilometre was 310,217 current US$ per square kilometre in 2023. ▲ Rising
Taxes less subsidies on products (current US$), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for taxes less subsidies on products (current us$), per square kilometre in Faroe Islands is 310,217 current US$ per square kilometre, measured in 2023.
Compared with earlier readings it is down 0.7% on the previous year and up 44.4% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per square kilometre in Faroe Islands peaked at 337,174 current US$ per square kilometre in 2021 and was at its lowest, 102,029 current US$ per square kilometre, in 2000.
That places Faroe Islands 43rd out of 195 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Taxes less subsidies on products (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 106,571 current US$ per square kilometre | — |
| 1999 | 109,007 current US$ per square kilometre | +2.3% |
| 2000 | 102,029 current US$ per square kilometre | -6.4% |
| 2001 | 105,038 current US$ per square kilometre | +2.9% |
| 2002 | 120,860 current US$ per square kilometre | +15.1% |
| 2003 | 150,396 current US$ per square kilometre | +24.4% |
| 2004 | 166,150 current US$ per square kilometre | +10.5% |
| 2005 | 171,925 current US$ per square kilometre | +3.5% |
| 2006 | 202,296 current US$ per square kilometre | +17.7% |
| 2007 | 247,625 current US$ per square kilometre | +22.4% |
| 2008 | 251,117 current US$ per square kilometre | +1.4% |
| 2009 | 212,701 current US$ per square kilometre | -15.3% |
| 2010 | 212,910 current US$ per square kilometre | +0.1% |
| 2011 | 220,755 current US$ per square kilometre | +3.7% |
| 2012 | 211,989 current US$ per square kilometre | -4.0% |
| 2013 | 214,824 current US$ per square kilometre | +1.3% |
| 2014 | 236,490 current US$ per square kilometre | +10.1% |
| 2015 | 201,551 current US$ per square kilometre | -14.8% |
| 2016 | 216,845 current US$ per square kilometre | +7.6% |
| 2017 | 232,641 current US$ per square kilometre | +7.3% |
| 2018 | 256,024 current US$ per square kilometre | +10.1% |
| 2019 | 257,665 current US$ per square kilometre | +0.6% |
| 2020 | 283,050 current US$ per square kilometre | +9.9% |
| 2021 | 337,174 current US$ per square kilometre | +19.1% |
| 2022 | 312,430 current US$ per square kilometre | -7.3% |
| 2023 | 310,217 current US$ per square kilometre | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 107,789 current US$ per square kilometre | 106,571 current US$ per square kilometre | 109,007 current US$ per square kilometre | 2 |
| 2000s | 173,014 current US$ per square kilometre | 102,029 current US$ per square kilometre | 251,117 current US$ per square kilometre | 10 |
| 2010s | 226,169 current US$ per square kilometre | 201,551 current US$ per square kilometre | 257,665 current US$ per square kilometre | 10 |
| 2020s | 310,718 current US$ per square kilometre | 283,050 current US$ per square kilometre | 337,174 current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 40 Slovenia 378,864 current US$ per square kilometre compare
- 41 Czechia 363,872 current US$ per square kilometre compare
- 42 Hungary 314,544 current US$ per square kilometre compare
- 44 Jamaica 308,768 current US$ per square kilometre compare
- 45 Turks and Caicos Islands 285,632 current US$ per square kilometre compare
- 46 Spain 283,486 current US$ per square kilometre compare
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$), annual -5.14 % change on previous year (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per square kilometre in Faroe Islands?
- Taxes less subsidies on products (current us$), per square kilometre in Faroe Islands was 310,217 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 337,174 current US$ per square kilometre in 2021.
- What is the lowest taxes less subsidies on products (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 102,029 current US$ per square kilometre in 2000.
- How does Faroe Islands rank for taxes less subsidies on products (current us$), per square kilometre?
- Faroe Islands ranks 43rd out of 195 countries with data for 2023.
- Is taxes less subsidies on products (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 44.4%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current US$) 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 US$) ÷ Land area (sq. km)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) 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.