Faroe Islands GDP from Industry
Industry (including construction) value added as a share of GDP.
GDP from Industry in Faroe Islands decreased to 18.30 percent of GDP in 2024 from 19.83 percent of GDP in 2023.
Faroe Islands GDP from Industry — History
Drag or pinch to zoom.
Faroe Islands GDP from Industry — analysis in simple words
Latest reading
GDP from Industry in Faroe Islands decreased to 18.30 percent of GDP in 2024 from 19.83 percent of GDP in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 19.8%, so the latest figure is 1.5 percentage points lower.
Over the past five years the average was 19.2%, with a range from 17.7% to 21.0%. The latest value is below that five-year average.
Historical context
This data series starts in 1998 and has 27 annual observations. The latest reading is higher than 70% of all of them.
The highest value on record is 21.0% (2020) and the lowest is 13.8% (2013). The long-run average is 17.3%.
Compared with other countries
Among 202 economies with recent data, Faroe Islands ranks 138th from the top. The median across all these economies is 23.6%, so Faroe Islands is below the typical country.
Within Europe & Central Asia (57 economies with data) it ranks 43rd; the regional median is 22.3%.
Statistics
- Latest
- 18.3%2024
- Previous
- 19.8%
- 5-year average
- 19.2%
- Long-run average
- 17.3%since 1998
- All-time high
- 21.0%2020
- All-time low
- 13.8%2013
- Observations
- 27Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 18.3% | ▼ −1.5 pp |
| 2023 | 19.8% | ▲ +2.1 pp |
| 2022 | 17.7% | ▼ −1.7 pp |
| 2021 | 19.4% | ▼ −1.6 pp |
| 2020 | 21.0% | ▲ +1.9 pp |
| 2019 | 19.1% | ▲ +1.2 pp |
| 2018 | 17.9% | ▲ +0.6 pp |
| 2017 | 17.3% | ▲ +1.7 pp |
| 2016 | 15.6% | ▼ −0.9 pp |
| 2015 | 16.5% | ▲ +0.8 pp |
| 2014 | 15.7% | ▲ +1.9 pp |
| 2013 | 13.8% | ▼ −0.4 pp |
| 2012 | 14.2% | ▼ −0.1 pp |
| 2011 | 14.3% | ▲ +0.1 pp |
| 2010 | 14.2% | ▼ −1.7 pp |
| 2009 | 16.0% | ▼ −1.4 pp |
| 2008 | 17.3% | ▲ +0.5 pp |
| 2007 | 16.9% | ▼ −0.1 pp |
| 2006 | 16.9% | ▼ −0.3 pp |
| 2005 | 17.2% | ▼ −0.9 pp |
| 2004 | 18.1% | ▼ −0.7 pp |
| 2003 | 18.8% | ▼ −0.6 pp |
| 2002 | 19.4% | ▲ +0.8 pp |
| 2001 | 18.6% | ▲ +0.8 pp |
| 2000 | 17.8% | ▼ −0.4 pp |
| 1999 | 18.2% | ▲ +1.1 pp |
| 1998 | 17.1% |
GDP from Industry — Faroe Islands vs Peers
Latest available reading for each economy (periods may differ). Faroe Islands highlighted.
More Faroe Islands indicators
Understanding GDP from Industry — a simple guide
What it measures
Value added by industry — mining, manufacturing, construction, electricity, water and gas — as a share of GDP.
How it is calculated
Value added by mining, manufacturing, construction and utilities ÷ GDP × 100.
A share of 25% means a quarter of output comes from industry.
A higher share links the economy more closely to global demand and commodity prices.
A lower share usually means services dominate.
Why it matters for the economy and markets
Industry is often more cyclical than services and more sensitive to global demand and commodity prices.
How to read it
Compare with manufacturing alone to separate factory output from mining and construction.
Data source
World Bank — World Development Indicators (series NV.IND.TOTL.ZS), annual data from 1998 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gdp from industry of Faroe Islands?
What is the highest and lowest gdp from industry of Faroe Islands?
What does gdp from industry measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.