World Bank · Economy
Faroe Islands: Manufacturing, value added (current LCU)
2.64Bcurrent LCU · 2024+78.0% since 2014
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units. Annual figures for Faroe Islands from 1998 to 2024.
Every year
| Year | Value (current LCU) | Note |
|---|---|---|
| 2024 | 2,644,000,000 | |
| 2023 | 3,096,800,000 | |
| 2022 | 2,581,700,000 | |
| 2021 | 2,484,400,000 | |
| 2020 | 2,314,600,000 | |
| 2019 | 2,268,400,000 | |
| 2018 | 1,810,900,000 | |
| 2017 | 1,817,200,000 | |
| 2016 | 1,567,800,000 | |
| 2015 | 1,614,200,000 | |
| 2014 | 1,485,800,000 | |
| 2013 | 1,163,700,000 | |
| 2012 | 1,163,400,000 | |
| 2011 | 1,073,100,000 | |
| 2010 | 1,075,100,000 | |
| 2009 | 1,060,400,000 | |
| 2008 | 1,126,200,000 | |
| 2007 | 1,138,700,000 | |
| 2006 | 1,071,900,000 | |
| 2005 | 966,700,000 | |
| 2004 | 992,900,000 | |
| 2003 | 1,043,600,000 | |
| 2002 | 1,134,500,000 | |
| 2001 | 1,087,300,000 | |
| 2000 | 908,300,000 | |
| 1999 | 852,900,000 | |
| 1998 | 747,700,000 |
Source
Published by World Bank, produced by National statistical offices, Central banks, World Bank. Licence: CC BY 4.0. Retrieved 2026-11-07.
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Cite or download
World Bank (2026). Manufacturing, value added (current LCU). Interva. https://interva.co/dataset/worldbank-manufacturing-value-added-cn (accessed 2026-11-07). catalog snapshot 2026-11-07.
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