COUNTRY / INDICATOR
Faroe Islands Industry Share of GDP
Faroe Islands industry share of gdp: latest available value for 2024, historical series from 2016, ranking context and source documentation.
Series overview
NV.IND.TOTL.ZS| Year | Value | Change |
|---|---|---|
| 2024 | 18,30 | -1,53 |
| 2023 | 19,83 | 2,10 |
| 2022 | 17,73 | -1,66 |
| 2021 | 19,39 | -1,60 |
| 2020 | 20,99 | 1,88 |
| 2019 | 19,11 | 1,23 |
| 2018 | 17,89 | 0,58 |
| 2017 | 17,31 | 1,71 |
| 2016 | 15,60 | — |
Source methodology
World Development IndicatorsIndicator note: Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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.
Source organization: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB)
Metadata fetched: 2026-08-01 01:31:25. Open original metadata response.
Country-specific interpretation
Automatically derived from the displayed seriesFaroe Islands recorded 18,30 percent of GDP in 2024, the latest year available in this series.
Compared with 2023, the industry share of gdp decreased by 1,53.
Across the latest five-year comparison window, the series shows an downward direction.
Across 9 observations from 2016 to 2024, the average was 18,46; the minimum was 15,60 in 2016 and the maximum was 20,99 in 2020.
Faroe Islands ranks 139 out of 203 countries with a current value in the portal ranking.
The latest value is below the available average for Europe & Central Asia.
It is also below the available average for the High income group.
Industrial structure and production intensity.