Faroe Islands: Industry value added

(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series

Faroe Islands: Industry value added, billion USD

: For that indicator, we provide data for the Faroe Islands from 1998 to 2016. The average value for the Faroe Islands during that period was 0.32 billion U.S. dollars with a minimum of 0.19 billion U.S. dollars in 2000 and a maximum of 0.46 billion U.S. dollars in 2014. The latest value from 2016 is 0.4 billion U.S. dollars. For comparison, the world average in 2016 based on 180 countries is 106317082891.02 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
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