Agriculture as a share of GDP vs. GDP per capita in Faroe Islands
Faroe Islands: Agriculture as a share of GDP vs. GDP per capita was 16.1% in 2024. ▲ Rising
Agriculture as a share of GDP vs. GDP per capita 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
The most recent figure for agriculture as a share of gdp vs. gdp per capita in Faroe Islands is 16.1%, measured in 2024.
That represents a change of down 9.5% on the previous year and up 7.2% over ten years.
Over the whole period, agriculture as a share of gdp vs. gdp per capita 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 203 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 as a share of GDP vs. GDP per capita 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
- Rural population growth 0.1% (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)
- Agriculture, forestry, and fishing, value added 16.1% (2024)
- Rural population 33,136 (2025)
- Agricultural raw materials imports 3.1% (2009)
- Agriculture, forestry, and fishing, value added (current US$), per 11,918 current US$ per person (2024)
- Agricultural raw materials exports 1.7% (2009)
- Rural population, annual growth rate 0.0936 % change on previous year (2025)
Frequently asked questions
- What is agriculture as a share of gdp vs. gdp per capita in Faroe Islands?
- Agriculture as a share of gdp vs. gdp per capita 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 agriculture as a share of gdp vs. gdp per capita recorded in Faroe Islands?
- The highest recorded value was 19.4% in 2016.
- What is the lowest agriculture as a share of gdp vs. gdp per capita recorded in Faroe Islands?
- The lowest recorded value was 9.5% in 2008.
- How does Faroe Islands rank for agriculture as a share of gdp vs. gdp per capita?
- Faroe Islands ranks 53rd out of 203 countries with data for 2024.
- Is agriculture as a share of gdp vs. gdp per capita 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 Agriculture as a share of GDP vs. GDP per capita. 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
Agriculture includes the cultivation of crops and livestock production, as well as forestry, hunting, and fishing. GDP per capita is adjusted for inflation and differences in living costs between countries.