IntervaOpen the desk

World Bank · Economy

Faroe Islands: Services, value added (current LCU)

15.04Bcurrent LCU · 2024+58.5% since 2014

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.

19982024

Every year

YearValue (current LCU)Note
202415,040,800,000
202314,028,600,000
202213,224,100,000
202112,539,200,000
202011,446,300,000
201911,507,800,000
201810,990,200,000
201710,589,600,000
201610,269,900,000
20159,856,700,000
20149,487,200,000
20139,100,900,000
20128,631,400,000
20117,933,500,000
20107,633,000,000
20097,520,900,000
20087,499,500,000
20077,126,100,000
20066,633,300,000
20056,076,300,000
20045,843,900,000
20035,461,300,000
20025,230,100,000
20014,902,300,000
20004,384,300,000
19994,102,400,000
19983,808,200,000

Source

Published by World Bank, produced by National statistical offices, Central banks, World Bank. Licence: CC BY 4.0. Retrieved 2026-11-05.

The dataset for every country, with quality and provenance →

Cite or download

World Bank (2026). Services, value added (current LCU). Interva. https://interva.co/dataset/worldbank-services-value-added-cn (accessed 2026-11-07). catalog snapshot 2026-11-05.

CSV, all countriesJSON, Faroe IslandsAPI and MCP

Services, value added (current LCU) in other countries

Rank Faroe Islands against its region, see where publishers disagree, or ask a question in plain words on the Interva desk.

Faroe Islands: Services, value added (current LCU) (1998–2024) · Interva