Industry value added in the Faroe Islands in 2024 — 741,680,148 US$. Ranked 155 in the world out of 188. Since 1998, the indicator has risen by 291.5%.
1998–2024 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 742M | −40.17M | −5.14% |
| 2023 | 782M | +141M | +21.97% |
| 2022 | 641M | −76.27M | −10.63% |
| 2021 | 717M | +30.58M | +4.45% |
| 2020 | 687M | +62.39M | +9.99% |
| 2019 | 624M | +53.95M | +9.46% |
| 2018 | 570M | +54.63M | +10.59% |
| 2017 | 516M | +76.85M | +17.51% |
| 2016 | 439M | +14.57M | +3.43% |
| 2015 | 424M | −32.25M | −7.06% |
| 2014 | 457M | +84.98M | +22.87% |
| 2013 | 372M | +27.08M | +7.86% |
| 2012 | 345M | −13.88M | −3.87% |
| 2011 | 358M | +26.44M | +7.97% |
| 2010 | 332M | −34.58M | −9.43% |
| 2009 | 367M | −64.81M | −15.02% |
| 2008 | 431M | +36.79M | +9.32% |
| 2007 | 395M | +52.72M | +15.42% |
| 2006 | 342M | +38.49M | +12.69% |
| 2005 | 303M | −9.18M | −2.94% |
| 2004 | 313M | +29.88M | +10.57% |
| 2003 | 283M | +35.65M | +14.43% |
| 2002 | 247M | +30.98M | +14.34% |
| 2001 | 216M | +25.65M | +13.47% |
| 2000 | 190M | −15.43M | −7.5% |
| 1999 | 206M | +16.36M | +8.64% |
| 1998 | 189M | — | — |
The same indicator for neighboring countries — with links to their pages
Industrial value added in current US dollars. In the international classification industry means mining, manufacturing, electricity, water supply and construction — that is, broader than the word usually implies. Value added is output minus intermediate consumption, which is why the output of sectors cannot be summed while value added can: the sum over all sectors is GDP.
Important: It includes construction and mining, so a high share in commodity countries does not come from factories. For factories proper there is a separate indicator, manufacturing.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The contribution of industry and construction to the value added of the economy.
Economy Manufacturing value addedHow much a country's factories create — without mining, construction or utilities.
Economy Services value addedHow much the service sector creates — trade, transport, finance, health care, education.
Economy Agriculture value addedHow much agriculture, forestry and fishing create in money terms.
