Faroe Islands: Oil revenue

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Faroe Islands: Revenue minus production cost of oil, percent of GDP

: For that indicator, The World Bank provides data for the Faroe Islands from 1998 to 2015. The average value for the Faroe Islands during that period was 0 percent with a minimum of 0 percent in 1998 and a maximum of 0 percent in 1998. The latest value from 2015 is 0 percent. For comparison, the world average in 2015 based on 183 countries is 1.90 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: Oil rents are the difference between the value of crude oil production at world prices and total costs of production.
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