Faroe Islands GDP from Manufacturing
Manufacturing value added as a share of GDP.
GDP from Manufacturing in Faroe Islands decreased to 9.46 percent of GDP in 2024 from 11.40 percent of GDP in 2023.
Faroe Islands GDP from Manufacturing — History
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Faroe Islands GDP from Manufacturing — analysis in simple words
Latest reading
GDP from Manufacturing in Faroe Islands decreased to 9.46 percent of GDP in 2024 from 11.40 percent of GDP in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 11.4%, so the latest figure is 1.9 percentage points lower.
Over the past five years the average was 10.5%, with a range from 9.5% to 11.4%. 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 52% of all of them.
The highest value on record is 11.4% (2023) and the lowest is 7.7% (2013). The long-run average is 9.6%.
Compared with other countries
Among 194 economies with recent data, Faroe Islands ranks 106th from the top. The median across all these economies is 10.1%, so Faroe Islands is below the typical country.
Within Europe & Central Asia (54 economies with data) it ranks 38th; the regional median is 11.9%.
Statistics
- Latest
- 9.5%2024
- Previous
- 11.4%
- 5-year average
- 10.5%
- Long-run average
- 9.6%since 1998
- All-time high
- 11.4%2023
- All-time low
- 7.7%2013
- Observations
- 27Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 9.5% | ▼ −1.9 pp |
| 2023 | 11.4% | ▲ +1.3 pp |
| 2022 | 10.1% | ▼ −0.6 pp |
| 2021 | 10.7% | ▼ −0.1 pp |
| 2020 | 10.8% | ▲ +0.4 pp |
| 2019 | 10.4% | ▲ +1.4 pp |
| 2018 | 9.0% | ▼ −0.2 pp |
| 2017 | 9.2% | ▲ +1.0 pp |
| 2016 | 8.3% | ▼ −1.0 pp |
| 2015 | 9.3% | ▲ +0.2 pp |
| 2014 | 9.1% | ▲ +1.4 pp |
| 2013 | 7.7% | ▼ −0.6 pp |
| 2012 | 8.3% | ▲ +0.3 pp |
| 2011 | 8.0% | ▼ −0.2 pp |
| 2010 | 8.2% | ▼ −0.4 pp |
| 2009 | 8.6% | ▼ −0.3 pp |
| 2008 | 8.9% | ▼ −0.1 pp |
| 2007 | 8.9% | ▲ +0.0 pp |
| 2006 | 8.9% | ▼ −0.2 pp |
| 2005 | 9.2% | ▼ −0.4 pp |
| 2004 | 9.6% | ▼ −0.9 pp |
| 2003 | 10.5% | ▼ −0.7 pp |
| 2002 | 11.3% | ▲ +0.0 pp |
| 2001 | 11.3% | ▲ +0.7 pp |
| 2000 | 10.5% | ▼ −0.3 pp |
| 1999 | 10.8% | ▲ +0.7 pp |
| 1998 | 10.1% |
GDP from Manufacturing — Faroe Islands vs Peers
Latest available reading for each economy (periods may differ). Faroe Islands highlighted.
More Faroe Islands indicators
Understanding GDP from Manufacturing — a simple guide
What it measures
Manufacturing value added as a share of GDP.
How it is calculated
Value added by factories ÷ GDP × 100.
A share of 13% means factories produce about one-eighth of GDP.
A large manufacturing base often supports exports and jobs.
A smaller share can still mean rising output if services grow faster.
Why it matters for the economy and markets
Manufacturing drives exports, productivity and supply chains in many economies.
How to read it
A falling share does not necessarily mean falling output — services may simply be growing faster.
Data source
World Bank — World Development Indicators (series NV.IND.MANF.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
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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.