Faroe Islands - Services, value added (current US$)
The latest value for Services, value added (current US$) in Faroe Islands was $1,619,636,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $1,641,038,000 in 2018 and $538,803,200 in 2000.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $561,947,800 |
| 1999 | $584,171,900 |
| 2000 | $538,803,200 |
| 2001 | $582,436,200 |
| 2002 | $657,441,100 |
| 2003 | $825,250,100 |
| 2004 | $945,469,100 |
| 2005 | $985,075,600 |
| 2006 | $1,082,212,000 |
| 2007 | $1,260,925,000 |
| 2008 | $1,419,078,000 |
| 2009 | $1,376,243,000 |
| 2010 | $1,353,585,000 |
| 2011 | $1,462,309,000 |
| 2012 | $1,429,469,000 |
| 2013 | $1,551,983,000 |
| 2014 | $1,635,581,000 |
| 2015 | $1,420,547,000 |
| 2016 | $1,457,552,000 |
| 2017 | $1,531,206,000 |
| 2018 | $1,641,038,000 |
| 2019 | $1,619,636,000 |
Aggregation method: Gap-filled total
Periodicity: Annual
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
