Faroe Islands - Gross value added at factor cost
Gross value added at factor cost (current US$)
The latest value for Gross value added at factor cost (current US$) in Faroe Islands was $2,767,490,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $2,767,490,000 in 2019 and $916,999,700 in 2000.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $959,333,200 |
| 1999 | $969,066,200 |
| 2000 | $916,999,700 |
| 2001 | $1,002,595,000 |
| 2002 | $1,094,886,000 |
| 2003 | $1,284,439,000 |
| 2004 | $1,457,913,000 |
| 2005 | $1,488,336,000 |
| 2006 | $1,703,017,000 |
| 2007 | $1,945,588,000 |
| 2008 | $2,083,443,000 |
| 2009 | $1,972,076,000 |
| 2010 | $2,023,915,000 |
| 2011 | $2,183,061,000 |
| 2012 | $2,071,265,000 |
| 2013 | $2,327,707,000 |
| 2014 | $2,521,675,000 |
| 2015 | $2,237,429,000 |
| 2016 | $2,436,769,000 |
| 2017 | $2,575,247,000 |
| 2018 | $2,694,549,000 |
| 2019 | $2,767,490,000 |
Gross value added at factor cost (current LCU)
The value for Gross value added at factor cost (current LCU) in Faroe Islands was 18,457,500,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 18,457,500,000 in 2019 and a minimum value of 6,428,300,000 in 1998.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 6,428,300,000 |
| 1999 | 6,760,400,000 |
| 2000 | 7,412,200,000 |
| 2001 | 8,344,400,000 |
| 2002 | 8,643,800,000 |
| 2003 | 8,461,500,000 |
| 2004 | 8,734,500,000 |
| 2005 | 8,925,400,000 |
| 2006 | 10,127,500,000 |
| 2007 | 10,591,200,000 |
| 2008 | 10,621,600,000 |
| 2009 | 10,572,100,000 |
| 2010 | 11,382,700,000 |
| 2011 | 11,720,200,000 |
| 2012 | 11,997,800,000 |
| 2013 | 13,073,100,000 |
| 2014 | 14,152,900,000 |
| 2015 | 15,053,200,000 |
| 2016 | 16,403,600,000 |
| 2017 | 17,004,100,000 |
| 2018 | 17,015,000,000 |
| 2019 | 18,457,500,000 |
Gross value added at factor cost (constant 2010 US$)
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 2,237,429,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
