Agriculture, forestry, and fishing, value added in Faroe Islands
Faroe Islands: Agriculture, forestry, and fishing, value added was 16.1% in 2024. ▲ Rising
Agriculture, forestry, and fishing, value added in Faroe Islands, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Faroe Islands recorded 16.1% for agriculture, forestry, and fishing, value added in 2024.
The figure is down 9.5% on the previous year and up 7.2% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added in Faroe Islands peaked at 19.4% in 2016 and was at its lowest, 9.5%, in 2008.
That places Faroe Islands 53rd out of 206 countries with data for 2024, putting it 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 | % of GDP | Change |
|---|---|---|
| 1998 | 17.9% | — |
| 1999 | 16.1% | -10.2% |
| 2000 | 18.0% | +11.6% |
| 2001 | 18.0% | -0.0% |
| 2002 | 15.4% | -14.1% |
| 2003 | 12.0% | -22.3% |
| 2004 | 11.9% | -1.1% |
| 2005 | 11.5% | -2.8% |
| 2006 | 13.8% | +19.4% |
| 2007 | 12.4% | -10.1% |
| 2008 | 9.5% | -23.2% |
| 2009 | 10.0% | +5.1% |
| 2010 | 14.8% | +48.1% |
| 2011 | 14.4% | -2.6% |
| 2012 | 12.2% | -15.3% |
| 2013 | 14.8% | +21.1% |
| 2014 | 15.0% | +1.3% |
| 2015 | 15.7% | +4.5% |
| 2016 | 19.4% | +23.9% |
| 2017 | 18.0% | -7.4% |
| 2018 | 16.3% | -9.2% |
| 2019 | 17.1% | +4.5% |
| 2020 | 13.7% | -19.5% |
| 2021 | 14.2% | +3.6% |
| 2022 | 18.7% | +31.8% |
| 2023 | 17.8% | -5.2% |
| 2024 | 16.1% | -9.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 16.1% is above the median for high income countries, which is 1.5%, 10.5× the median. (74 countries reporting)
- Faroe Islands's 16.1% is above the median for Europe & Central Asia, which is 2.7%, 6.1× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.0% | 16.1% | 17.9% | 2 |
| 2000s | 13.3% | 9.5% | 18.0% | 10 |
| 2010s | 15.8% | 12.2% | 19.4% | 10 |
| 2020s | 16.1% | 13.7% | 18.7% | 5 |
Countries ranked near Faroe Islands
More agriculture & rural data for Faroe Islands
- Rural population 60.4% (2025)
- Agriculture, forestry, and fishing, value added (current US$), annual -6.99 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 0.1607 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added 651.17 million current US$ (2024)
- Rural population 33,136 (2025)
- Rural population growth 0.1% (2025)
- Agricultural raw materials exports 1.7% (2009)
- Rural population, annual growth rate 0.0936 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 11,918 current US$ per person (2024)
- Rural population, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is agriculture, forestry, and fishing, value added in Faroe Islands?
- Agriculture, forestry, and fishing, value added in Faroe Islands was 16.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest agriculture, forestry, and fishing, value added recorded in Faroe Islands?
- The highest recorded value was 19.4% in 2016.
- What is the lowest agriculture, forestry, and fishing, value added recorded in Faroe Islands?
- The lowest recorded value was 9.5% in 2008.
- How does Faroe Islands rank for agriculture, forestry, and fishing, value added?
- Faroe Islands ranks 53rd out of 206 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 7.2%. 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 Organizations and/or Central Banks, published as part of Agriculture, forestry, and fishing, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period. Note: For VAB countries, gross value added at factor cost is used as the denominator.