Agriculture value added — all countries

Agriculture value added — Faroe Islands

Agriculture value added in the Faroe Islands in 2024 — 651,172,979 US$. Ranked 138 in the world out of 186. Since 1998, the indicator has risen by 228.5%.

2024 651M US$ −6.99% vs 2023
World rank 138of 186
Period maximum 700M US$2023
Period minimum 180M US$2003

Trend over time

1998–2024 · US$

Agriculture value added — Faroe Islands, 1998–20240200M400M600M800M19982001200420072010201320162019202220241998: 198,229,263 US$1999: 181,702,464 US$2000: 191,917,897 US$2001: 208,619,269 US$2002: 196,916,570 US$2003: 180,321,640 US$2004: 204,872,028 US$2005: 203,137,949 US$2006: 277,999,280 US$2007: 289,692,619 US$2008: 236,969,195 US$2009: 229,664,343 US$2010: 345,425,692 US$2011: 361,464,724 US$2012: 296,643,439 US$2013: 398,179,446 US$2014: 436,884,529 US$2015: 403,186,310 US$2016: 546,071,597 US$2017: 535,780,301 US$2018: 520,379,773 US$2019: 556,972,715 US$2020: 448,843,133 US$2021: 525,885,244 US$2022: 677,345,554 US$2023: 700,117,304 US$2024: 651,172,979 US$
Change over the period: +453M (+228.49%) Average annual rate: 4.68 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Faroe Islands

Faroe Islands 651M US$
World 4.55T US$
Northern Europe computed 64.78B US$
High-income countries computed 590B US$
Agriculture value added — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year US$ Change Change, %
2024 651M −48.94M −6.99%
2023 700M +22.77M +3.36%
2022 677M +151M +28.8%
2021 526M +77.04M +17.16%
2020 449M −108M −19.41%
2019 557M +36.59M +7.03%
2018 520M −15.4M −2.87%
2017 536M −10.29M −1.88%
2016 546M +143M +35.44%
2015 403M −33.7M −7.71%
2014 437M +38.71M +9.72%
2013 398M +102M +34.23%
2012 297M −64.82M −17.93%
2011 361M +16.04M +4.64%
2010 345M +116M +50.4%
2009 230M −7.3M −3.08%
2008 237M −52.72M −18.2%
2007 290M +11.69M +4.21%
2006 278M +74.86M +36.85%
2005 203M −1.73M −0.85%
2004 205M +24.55M +13.61%
2003 180M −16.59M −8.43%
2002 197M −11.7M −5.61%
2001 209M +16.7M +8.7%
2000 192M +10.22M +5.62%
1999 182M −16.53M −8.34%
1998 198M

About the indicator

Value added by agriculture, forestry, hunting and fishing in current US dollars. Absolute figures and the share in GDP diverge here more than in any other sector: the share of agriculture is high in the poorest countries, where half the population works in it, while the largest volumes in money terms belong to China, India and the United States — countries where the share is small and output enormous.

Important: It covers forestry and fishing, not only crop and livestock farming. Subsistence production for own consumption is valued differently from country to country, and in the poorest countries that is a notable source of divergence.

Source: World Development Indicators (World Bank), license CC BY 4.0.