Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Faroe Islands
Faroe Islands: Milk, Total — Gross Production Value (constant 2014-2016 thousand) was 0 1000 Int$ per US$ of GDP in 2024. ▼ Falling
Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Faroe Islands, 2014–2024
Source: Statizoid (derived). Measured in 1000 Int$ per US$ of GDP.
Analysis
In 2024, milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands stood at 0 1000 Int$ per US$ of GDP.
The figure is up 0.2% on the previous year and down 28.8% over ten years.
Over the whole period, milk, total — gross production value (constant 2014-2016 thousand) in Faroe Islands peaked at 0 1000 Int$ per US$ of GDP in 2015 and was at its lowest, 0 1000 Int$ per US$ of GDP, in 2023.
That places Faroe Islands 126th out of 163 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Faroe Islands, year by year
| Year | 1000 Int$ per US$ of GDP | Change |
|---|---|---|
| 2014 | 0 1000 Int$ per US$ of GDP | — |
| 2015 | 0 1000 Int$ per US$ of GDP | +18.6% |
| 2016 | 0 1000 Int$ per US$ of GDP | -4.8% |
| 2017 | 0 1000 Int$ per US$ of GDP | -10.3% |
| 2018 | 0 1000 Int$ per US$ of GDP | -8.9% |
| 2019 | 0 1000 Int$ per US$ of GDP | +0.4% |
| 2020 | 0 1000 Int$ per US$ of GDP | -0.8% |
| 2021 | 0 1000 Int$ per US$ of GDP | -9.1% |
| 2022 | 0 1000 Int$ per US$ of GDP | -5.1% |
| 2023 | 0 1000 Int$ per US$ of GDP | -10.5% |
| 2024 | 0 1000 Int$ per US$ of GDP | +0.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 0 1000 Int$ per US$ of GDP is below the median for high income countries, which is 0 1000 Int$ per US$ of GDP, 35% of the median. (54 countries reporting)
- Faroe Islands's 0 1000 Int$ per US$ of GDP is below the median for Europe & Central Asia, which is 0 1000 Int$ per US$ of GDP, 15% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 6 |
| 2020s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 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$), per 0.1607 current US$ per US$ of GDP (2024)
- 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)
- Agriculture, forestry, and fishing, value added 651.17 million current US$ (2024)
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 0 1000 Int$ per US$ of GDP 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 0 1000 Int$ per US$ of GDP in 2015.
- What is the lowest milk, total — gross production value (constant 2014-2016 thousand) recorded in Faroe Islands?
- The lowest recorded value was 0 1000 Int$ per US$ of GDP in 2023.
- How does Faroe Islands rank for milk, total — gross production value (constant 2014-2016 thousand)?
- Faroe Islands ranks 126th out of 163 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 28.8%. The long-run trend across the full record is falling.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) ÷ GDP (current US$)
Computed from
- Milk, Total — Gross Production Value Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.