Milk, Total: Gross Production Value (constant 2014-2016) … I annual in Faroe Islands
Faroe Islands: Milk, Total: Gross Production Value (constant 2014-2016) … I annual was 3.01 % change on previous year in 2024. ◆ Volatile
Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Faroe Islands, 2015–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands is 3.01 % change on previous year, measured in 2024.
Compared with earlier readings it is up 228.7% on the previous year and down 36.4% over ten years.
Over the whole period, milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands peaked at 4.73 % change on previous year in 2015 and was at its lowest, -7.27 % change on previous year, in 2022.
Faroe Islands ranks 46th of 202 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Milk, Total: Gross Production Value (constant 2014-2016) … I annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2015 | 4.73 % change on previous year | — |
| 2016 | 4.08 % change on previous year | -13.8% |
| 2017 | -4.94 % change on previous year | -221.2% |
| 2018 | -2.5 % change on previous year | -49.3% |
| 2019 | 2.89 % change on previous year | -215.6% |
| 2020 | -0.6635 % change on previous year | -122.9% |
| 2021 | 2.77 % change on previous year | -517.1% |
| 2022 | -7.27 % change on previous year | -362.8% |
| 2023 | -2.34 % change on previous year | -67.9% |
| 2024 | 3.01 % change on previous year | -228.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 3.01 % change on previous year is above the median for high income countries, which is 0.8726 % change on previous year, 3.4× the median. (54 countries reporting)
- Faroe Islands's 3.01 % change on previous year is above the median for Europe & Central Asia, which is 0.6723 % change on previous year, 4.5× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8507 % change on previous year | -4.94 % change on previous year | 4.73 % change on previous year | 5 |
| 2020s | -0.8997 % change on previous year | -7.27 % change on previous year | 3.01 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 43 Pakistan 3.18 % change on previous year compare
- 44 Seychelles 3.08 % change on previous year compare
- 45 Luxembourg 3.03 % change on previous year compare
- 47 Côte d'Ivoire 2.82 % change on previous year compare
- 48 Republic of Moldova 2.78 % change on previous year compare
- 49 Ethiopia PDR 2.67 % change on previous year
More agriculture & rural data for Faroe Islands
- Agricultural area over the long-term, per capita 0 hectares per person (2025)
- Agricultural area over the long-term, per unit of GDP 0 hectares per US$ of GDP (2024)
- Cropland extent over the long-term, per capita 0 hectares per person (2025)
- Cropland extent over the long-term, per unit of GDP 0 hectares per US$ of GDP (2024)
- Value added in the agricultural sector as of gdp vs gdp per capita 16.07 (2024)
- Rural population growth 0.1% (2025)
- Rural population 60.4% (2025)
- Agricultural raw materials imports 2.3% (2025)
- Agricultural raw materials exports 2.4% (2025)
- Rural population, per capita 0.6036 units per person (2025)
Frequently asked questions
- What is milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands?
- Milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands was 3.01 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest milk, total — gross production value (constant 2014-2016 thousand) recorded in Faroe Islands?
- The highest recorded value was 4.73 % change on previous year in 2015.
- What is the lowest milk, total — gross production value (constant 2014-2016 thousand) recorded in Faroe Islands?
- The lowest recorded value was -7.27 % change on previous year in 2022.
- How does Faroe Islands rank for milk, total — gross production value (constant 2014-2016 thousand)?
- Faroe Islands ranks 46th out of 202 countries with data for 2024.
- Is milk, total — gross production value (constant 2014-2016 thousand) rising or falling in Faroe Islands?
- Over the last ten years it is down 36.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Milk, Total — Gross Production Value (constant 2014-2016 thousand I$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Milk, Total — Gross Production Value (constant 2014-2016 thousand I$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Milk, Total — Gross Production Value Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Milk, Total — Gross Production Value (constant 2014-2016 thousand I$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.