Agriculture, forestry, and fishing, value added in Faroe Islands
Faroe Islands: Agriculture, forestry, and fishing, value added was 651.17 million current US$ in 2024. ▲ Rising
Agriculture, forestry, and fishing, value added in Faroe Islands, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, agriculture, forestry, and fishing, value added in Faroe Islands stood at 651.17 million current US$.
The figure is down 7.0% on the previous year and up 49.0% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added in Faroe Islands peaked at 700.12 million current US$ in 2023 and was at its lowest, 180.32 million current US$, in 2003.
Faroe Islands ranks 148th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Agriculture, forestry, and fishing, value added in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 198.23 million current US$ | — |
| 1999 | 181.70 million current US$ | -8.3% |
| 2000 | 191.92 million current US$ | +5.6% |
| 2001 | 208.62 million current US$ | +8.7% |
| 2002 | 196.92 million current US$ | -5.6% |
| 2003 | 180.32 million current US$ | -8.4% |
| 2004 | 204.87 million current US$ | +13.6% |
| 2005 | 203.14 million current US$ | -0.8% |
| 2006 | 278.00 million current US$ | +36.9% |
| 2007 | 289.69 million current US$ | +4.2% |
| 2008 | 236.97 million current US$ | -18.2% |
| 2009 | 229.66 million current US$ | -3.1% |
| 2010 | 345.43 million current US$ | +50.4% |
| 2011 | 361.46 million current US$ | +4.6% |
| 2012 | 296.64 million current US$ | -17.9% |
| 2013 | 398.18 million current US$ | +34.2% |
| 2014 | 436.88 million current US$ | +9.7% |
| 2015 | 403.19 million current US$ | -7.7% |
| 2016 | 546.07 million current US$ | +35.4% |
| 2017 | 535.78 million current US$ | -1.9% |
| 2018 | 520.38 million current US$ | -2.9% |
| 2019 | 556.97 million current US$ | +7.0% |
| 2020 | 448.84 million current US$ | -19.4% |
| 2021 | 525.88 million current US$ | +17.2% |
| 2022 | 677.35 million current US$ | +28.8% |
| 2023 | 700.12 million current US$ | +3.4% |
| 2024 | 651.17 million current US$ | -7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 189.97 million current US$ | 181.70 million current US$ | 198.23 million current US$ | 2 |
| 2000s | 222.01 million current US$ | 180.32 million current US$ | 289.69 million current US$ | 10 |
| 2010s | 440.10 million current US$ | 296.64 million current US$ | 556.97 million current US$ | 10 |
| 2020s | 600.67 million current US$ | 448.84 million current US$ | 700.12 million current US$ | 5 |
Countries ranked near Faroe Islands
More agriculture & rural data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current US$), annual -6.99 % change on previous year (2024)
- Agriculture as a share of GDP vs. GDP per capita 16.1% (2024)
- Share of GDP from agriculture 16.1% (2024)
- Agricultural raw materials exports 1.7% (2009)
- Agricultural raw materials imports 3.1% (2009)
- Rural population 60.4% (2025)
- Rural population growth 0.1% (2025)
- Rural population 33,136 (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.1607 current US$ per US$ of GDP (2024)
- Rural population, per capita 0.6036 units per person (2025)
Frequently asked questions
- What is agriculture, forestry, and fishing, value added in Faroe Islands?
- Agriculture, forestry, and fishing, value added in Faroe Islands was 651.17 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest agriculture, forestry, and fishing, value added recorded in Faroe Islands?
- The highest recorded value was 700.12 million current US$ in 2023.
- What is the lowest agriculture, forestry, and fishing, value added recorded in Faroe Islands?
- The lowest recorded value was 180.32 million current US$ in 2003.
- How does Faroe Islands rank for agriculture, forestry, and fishing, value added?
- Faroe Islands ranks 148th out of 204 countries with data for 2024.
- Is agriculture, forestry, and fishing, value added rising or falling in Faroe Islands?
- Over the last ten years it is up 49.0%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Agriculture, forestry, and fishing, value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.