Faroe Islands - Industry
Industry, value added (current US$)
The latest value for Industry, value added (current US$) in Faroe Islands was $579,812,300 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $579,812,300 in 2019 and $185,968,300 in 2000.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 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 | $198,767,300 |
| 1999 | $202,359,500 |
| 2000 | $185,968,300 |
| 2001 | $212,008,000 |
| 2002 | $240,693,100 |
| 2003 | $279,095,900 |
| 2004 | $308,941,600 |
| 2005 | $302,006,000 |
| 2006 | $341,948,600 |
| 2007 | $393,298,700 |
| 2008 | $427,453,400 |
| 2009 | $366,710,800 |
| 2010 | $329,172,700 |
| 2011 | $361,093,000 |
| 2012 | $346,275,400 |
| 2013 | $376,404,400 |
| 2014 | $455,643,600 |
| 2015 | $417,366,500 |
| 2016 | $412,808,100 |
| 2017 | $492,919,800 |
| 2018 | $529,360,500 |
| 2019 | $579,812,300 |
Industry, value added (current LCU)
The value for Industry, value added (current LCU) in Faroe Islands was 3,867,000,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 3,867,000,000 in 2019 and a minimum value of 1,331,900,000 in 1998.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 1,331,900,000 |
| 1999 | 1,411,700,000 |
| 2000 | 1,503,200,000 |
| 2001 | 1,764,500,000 |
| 2002 | 1,900,200,000 |
| 2003 | 1,838,600,000 |
| 2004 | 1,850,900,000 |
| 2005 | 1,811,100,000 |
| 2006 | 2,033,500,000 |
| 2007 | 2,141,000,000 |
| 2008 | 2,179,200,000 |
| 2009 | 1,965,900,000 |
| 2010 | 1,851,300,000 |
| 2011 | 1,938,600,000 |
| 2012 | 2,005,800,000 |
| 2013 | 2,114,000,000 |
| 2014 | 2,557,300,000 |
| 2015 | 2,808,000,000 |
| 2016 | 2,778,900,000 |
| 2017 | 3,254,700,000 |
| 2018 | 3,342,700,000 |
| 2019 | 3,867,000,000 |
Industry, value added (constant 2010 US$)
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. 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 | 417,366,500 |
Industry, value added (% of GDP)
Industry, value added (% of GDP) in Faroe Islands was 18.55 as of 2019. Its highest value over the past 21 years was 19.06 in 2002, while its lowest value was 14.19 in 2010.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 17.94 |
| 1999 | 18.06 |
| 2000 | 17.57 |
| 2001 | 18.47 |
| 2002 | 19.06 |
| 2003 | 18.68 |
| 2004 | 18.30 |
| 2005 | 17.48 |
| 2006 | 17.23 |
| 2007 | 17.17 |
| 2008 | 17.57 |
| 2009 | 16.17 |
| 2010 | 14.19 |
| 2011 | 14.50 |
| 2012 | 14.63 |
| 2013 | 14.33 |
| 2014 | 15.98 |
| 2015 | 16.57 |
| 2016 | 15.07 |
| 2017 | 17.00 |
| 2018 | 17.35 |
| 2019 | 18.55 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
