Faroe Islands Gross Domestic Product: Share of GDP
Faroe Islands FO: GDP: % of GDP: Exports of Goods and Services
FO: GDP: % of GDP: Exports of Goods and Services data was reported at 50.640 % in 2013. This records an increase from the previous number of 48.747 % for 2012. FO: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 45.331 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 50.640 % in 2013 and a record low of 41.397 % in 2009. FO: GDP: % of GDP: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 50.64 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: External Balance on Goods and Services
FO: GDP: % of GDP: External Balance on Goods and Services data was reported at -6.479 % in 2013. This records an increase from the previous number of -14.952 % for 2012. FO: GDP: % of GDP: External Balance on Goods and Services data is updated yearly, averaging -6.756 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 2.402 % in 1998 and a record low of -16.255 % in 2007. FO: GDP: % of GDP: External Balance on Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| -6.48 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: External Balance on Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: % of GDP: Final Consumption Expenditure
FO: GDP: % of GDP: Final Consumption Expenditure data was reported at 81.591 % in 2013. This records a decrease from the previous number of 86.022 % for 2012. FO: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 84.205 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 89.661 % in 2009 and a record low of 76.394 % in 2001. FO: GDP: % of GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 81.59 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: Final Consumption Expenditure: General Government
FO: GDP: % of GDP: Final Consumption Expenditure: General Government data was reported at 29.636 % in 2013. This records a decrease from the previous number of 30.864 % for 2012. FO: GDP: % of GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 29.234 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 32.661 % in 2009 and a record low of 25.051 % in 1998. FO: GDP: % of GDP: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 29.64 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: Final Consumption Expenditure: General Government from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: % of GDP: Final Consumption Expenditure: Household
FO: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 51.955 % in 2013. This records a decrease from the previous number of 55.158 % for 2012. FO: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 55.072 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 59.152 % in 2005 and a record low of 50.978 % in 2001. FO: GDP: % of GDP: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 51.96 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: Gross Capital Formation
FO: GDP: % of GDP: Gross Capital Formation data was reported at 24.888 % in 2013. This records a decrease from the previous number of 28.930 % for 2012. FO: GDP: % of GDP: Gross Capital Formation data is updated yearly, averaging 22.866 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 31.366 % in 2007 and a record low of 17.372 % in 2009. FO: GDP: % of GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 24.89 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: Gross Domestic Savings
FO: GDP: % of GDP: Gross Domestic Savings data was reported at 18.409 % in 2013. This records an increase from the previous number of 13.985 % for 2012. FO: GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 15.791 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 23.616 % in 2001 and a record low of 10.298 % in 2009. FO: GDP: % of GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 18.41 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: Gross National Expenditure
FO: GDP: % of GDP: Gross National Expenditure data was reported at 106.479 % in 2013. This records a decrease from the previous number of 114.952 % for 2012. FO: GDP: % of GDP: Gross National Expenditure data is updated yearly, averaging 106.756 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 116.255 % in 2007 and a record low of 97.598 % in 1998. FO: GDP: % of GDP: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 106.48 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: Gross National Expenditure from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: % of GDP: Gross Savings
FO: GDP: % of GDP: Gross Savings data was reported at 25.167 % in 2011. This records a decrease from the previous number of 25.857 % for 2010. FO: GDP: % of GDP: Gross Savings data is updated yearly, averaging 27.383 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 41.639 % in 1998 and a record low of 16.277 % in 2009. FO: GDP: % of GDP: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 25.17 2011 | yearly | 1998 - 2011 |
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Faroe Islands FO: GDP: % of GDP: Gross Value Added: Agriculture
FO: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 19.281 % in 2017. This records a decrease from the previous number of 20.970 % for 2016. FO: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 14.901 % from Dec 1998 to 2017, with 20 observations. The data reached an all-time high of 20.970 % in 2016 and a record low of 9.740 % in 2008. FO: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 19.281 2017 | yearly | 1998 - 2017 |
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FO: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing
FO: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 14.159 % in 2021. This records an increase from the previous number of 13.603 % for 2020. FO: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 14.808 % from Dec 1998 to 2021, with 24 observations. The data reached an all-time high of 19.411 % in 2016 and a record low of 9.517 % in 2008. FO: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 14.159 2021 | yearly | 1998 - 2021 |
View Faroe Islands's FO: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing from 1998 to 2021 in the chart:
Faroe Islands FO: GDP: % of GDP: Gross Value Added: Industry
FO: GDP: % of GDP: Gross Value Added: Industry data was reported at 16.644 % in 2017. This records an increase from the previous number of 14.909 % for 2016. FO: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 17.203 % from Dec 1998 to 2017, with 20 observations. The data reached an all-time high of 19.062 % in 2002 and a record low of 14.186 % in 2010. FO: GDP: % of GDP: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Share of GDP. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 16.644 2017 | yearly | 1998 - 2017 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: Gross Value Added: Industry from 1998 to 2017 in the chart:
Faroe Islands FO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing
FO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.880 % in 2013. This records a decrease from the previous number of 6.044 % for 2012. FO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 6.043 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 7.678 % in 2001 and a record low of 5.201 % in 2007. FO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 6.65 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services
FO: GDP: % of GDP: Gross Value Added: Services data was reported at 66.184 % in 2013. This records a decrease from the previous number of 68.475 % for 2012. FO: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 64.854 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 69.472 % in 2009 and a record low of 58.017 % in 2001. FO: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 66.18 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GDP: Imports of Goods and Services
FO: GDP: % of GDP: Imports of Goods and Services data was reported at 57.119 % in 2013. This records a decrease from the previous number of 63.700 % for 2012. FO: GDP: % of GDP: Imports of Goods and Services data is updated yearly, averaging 52.276 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 63.700 % in 2012 and a record low of 41.881 % in 1998. FO: GDP: % of GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 57.12 2013 | yearly | 1998 - 2013 |
View Faroe Islands's Faroe Islands FO: GDP: % of GDP: Imports of Goods and Services from 1998 to 2013 in the chart:
Faroe Islands FO: GDP: % of GDP: Trade
FO: GDP: % of GDP: Trade data was reported at 107.760 % in 2013. This records a decrease from the previous number of 112.447 % for 2012. FO: GDP: % of GDP: Trade data is updated yearly, averaging 98.165 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 112.447 % in 2012 and a record low of 86.165 % in 1998. FO: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 107.76 2013 | yearly | 1998 - 2013 |
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Faroe Islands FO: GDP: % of GNI: Gross Savings
FO: GDP: % of GNI: Gross Savings data was reported at 24.070 % in 2011. This records a decrease from the previous number of 24.955 % for 2010. FO: GDP: % of GNI: Gross Savings data is updated yearly, averaging 26.337 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 40.386 % in 1998 and a record low of 16.334 % in 2009. FO: GDP: % of GNI: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 24.07 2011 | yearly | 1998 - 2011 |