COUNTRY / INDICATOR
Faroe Islands Agriculture Share of GDP
Faroe Islands agriculture share of gdp: latest available value for 2024, historical series from 2016, ranking context and source documentation.
Series overview
NV.AGR.TOTL.ZS| Year | Value | Change |
|---|---|---|
| 2024 | 16,07 | -1,69 |
| 2023 | 17,76 | -0,98 |
| 2022 | 18,74 | 4,52 |
| 2021 | 14,21 | 0,50 |
| 2020 | 13,72 | -3,33 |
| 2019 | 17,05 | 0,73 |
| 2018 | 16,32 | -1,66 |
| 2017 | 17,98 | -1,43 |
| 2016 | 19,41 | — |
Source methodology
World Development IndicatorsIndicator note: 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.
Source organization: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
Metadata fetched: 2026-09-27 03:52:08. Open original metadata response.
Revision history
12 detected changesSource revisions are retained before the current observation is replaced. This table documents the previous and replacement value for reproducibility.
| Detected | Data year | Previous value | Replacement value | Source | Source update |
|---|---|---|---|---|---|
| 2026-09-28 18:26:30 | 2019 | 17,05 | 17,05 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 18:26:30 | 2020 | 13,72 | 13,72 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 18:26:30 | 2021 | 14,21 | 14,21 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 18:26:30 | 2022 | 18,74 | 18,74 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 18:26:30 | 2023 | 17,76 | 17,76 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-09-28 18:26:30 | 2024 | 16,07 | 16,07 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2019 | 17,05 | 17,05 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2020 | 13,72 | 13,72 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2021 | 14,21 | 14,21 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2022 | 18,74 | 18,74 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2023 | 17,76 | 17,76 | World Bank Indicators API | 2026-07-13 02:00:00 |
| 2026-08-08 19:31:35 | 2024 | 16,07 | 16,07 | World Bank Indicators API | 2026-07-13 02:00:00 |
Country-specific interpretation
Automatically derived from the displayed seriesFaroe Islands recorded 16,07 percent of GDP in 2024, the latest year available in this series.
Compared with 2023, the agriculture share of gdp decreased by 1,69.
Across the latest five-year comparison window, the series shows an downward direction.
Across 9 observations from 2016 to 2024, the average was 16,81; the minimum was 13,72 in 2020 and the maximum was 19,41 in 2016.
Faroe Islands ranks 53 out of 205 countries with a current value in the portal ranking.
The latest value is above the available average for Europe & Central Asia.
It is also above the available average for the High income group.
Agricultural structure and development stage.