Share of GDP from agriculture in Faroe Islands
Faroe Islands: Share of GDP from agriculture was 16.1% in 2024. ▲ Rising
Share of GDP from agriculture in Faroe Islands, 1998–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Faroe Islands recorded 16.1% for share of gdp from agriculture in 2024.
Compared with earlier readings it is down 9.5% on the previous year and up 7.2% over ten years.
Over the whole period, share of gdp from agriculture in Faroe Islands peaked at 19.4% in 2016 and was at its lowest, 9.5%, in 2008.
Faroe Islands ranks 53rd of 203 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.
Share of GDP from agriculture 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 2.6%, 6.1× the median. (54 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
- Agricultural raw materials exports 1.7% (2009)
- Agriculture, forestry, and fishing, value added 16.1% (2024)
- Rural population 33,136 (2025)
- Rural population growth 0.1% (2025)
- Rural population 60.4% (2025)
- Agricultural raw materials imports 3.1% (2009)
- 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 11,918 current US$ per person (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)
Frequently asked questions
- What is share of gdp from agriculture in Faroe Islands?
- Share of gdp from agriculture in Faroe Islands was 16.1% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of gdp from agriculture recorded in Faroe Islands?
- The highest recorded value was 19.4% in 2016.
- What is the lowest share of gdp from agriculture recorded in Faroe Islands?
- The lowest recorded value was 9.5% in 2008.
- How does Faroe Islands rank for share of gdp from agriculture?
- Faroe Islands ranks 53rd out of 203 countries with data for 2024.
- Is share of gdp from agriculture 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of GDP from agriculture. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is measured as the value added from agriculture, forestry and fishing products as a share of gross domestic product (GDP).