Faroe Islands - Manufacturing
Manufacturing, value added (current US$)
The latest value for Manufacturing, value added (current US$) in Faroe Islands was $197,723,900 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $197,723,900 in 2019 and $69,404,060 in 2000.
Definition: 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. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $76,558,020 |
| 1999 | $81,032,660 |
| 2000 | $69,404,060 |
| 2001 | $87,782,960 |
| 2002 | $91,719,760 |
| 2003 | $101,583,300 |
| 2004 | $110,530,600 |
| 2005 | $102,436,300 |
| 2006 | $113,641,000 |
| 2007 | $122,747,400 |
| 2008 | $128,910,800 |
| 2009 | $128,523,200 |
| 2010 | $127,238,100 |
| 2011 | $137,109,500 |
| 2012 | $138,299,500 |
| 2013 | $141,997,400 |
| 2014 | $181,826,300 |
| 2015 | $160,971,500 |
| 2016 | $128,585,600 |
| 2017 | $168,410,800 |
| 2018 | $158,157,300 |
| 2019 | $197,723,900 |
Manufacturing, value added (current LCU)
The value for Manufacturing, value added (current LCU) in Faroe Islands was 1,318,700,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 1,318,700,000 in 2019 and a minimum value of 513,000,000 in 1998.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 513,000,000 |
| 1999 | 565,300,000 |
| 2000 | 561,000,000 |
| 2001 | 730,600,000 |
| 2002 | 724,100,000 |
| 2003 | 669,200,000 |
| 2004 | 662,200,000 |
| 2005 | 614,300,000 |
| 2006 | 675,800,000 |
| 2007 | 668,200,000 |
| 2008 | 657,200,000 |
| 2009 | 689,000,000 |
| 2010 | 715,600,000 |
| 2011 | 736,100,000 |
| 2012 | 801,100,000 |
| 2013 | 797,500,000 |
| 2014 | 1,020,500,000 |
| 2015 | 1,083,000,000 |
| 2016 | 865,600,000 |
| 2017 | 1,112,000,000 |
| 2018 | 998,700,000 |
| 2019 | 1,318,700,000 |
Manufacturing, value added (constant 2010 US$)
Definition: 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. Data are expressed constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 160,971,500 |
Manufacturing, value added (% of GDP)
Manufacturing, value added (% of GDP) in Faroe Islands was 6.32 as of 2019. Its highest value over the past 21 years was 7.65 in 2001, while its lowest value was 4.69 in 2016.
Definition: 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 6.91 |
| 1999 | 7.23 |
| 2000 | 6.56 |
| 2001 | 7.65 |
| 2002 | 7.26 |
| 2003 | 6.80 |
| 2004 | 6.55 |
| 2005 | 5.93 |
| 2006 | 5.73 |
| 2007 | 5.36 |
| 2008 | 5.30 |
| 2009 | 5.67 |
| 2010 | 5.48 |
| 2011 | 5.50 |
| 2012 | 5.84 |
| 2013 | 5.41 |
| 2014 | 6.38 |
| 2015 | 6.39 |
| 2016 | 4.69 |
| 2017 | 5.81 |
| 2018 | 5.18 |
| 2019 | 6.32 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
