Services share of GDP in Faroe Islands
Services produced 53.8% of GDP in Faroe Islands in 2024.
Faroe Islands, 2024
53.8%
Change from 2023
+2.2percentage points
World, 2024
63.3%
Position in 2024
110th of 189
Services share of GDP in Faroe Islands over time
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Faroe Islands
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.
| Period | Faroe Islands | World |
|---|---|---|
| 2024 | 53.8% | 63.3% |
| 2023 | 51.6% | 63.0% |
| 2022 | 51.7% | 62.3% |
| 2021 | 53.9% | 64.1% |
| 2020 | 53.5% | 65.4% |
| 2019 | 52.8% | 64.9% |
| 2018 | 54.6% | 64.3% |
| 2017 | 53.8% | 64.5% |
| 2016 | 54.2% | 65.0% |
| 2015 | 56.9% | 64.4% |
| 2014 | 58.0% | 63.2% |
| 2013 | 60.2% | 62.9% |
| 2012 | 61.4% | 62.7% |
| 2011 | 59.0% | 62.6% |
| 2010 | 58.2% | 63.3% |
| 2009 | 61.1% | 64.7% |
| 2008 | 59.1% | 62.8% |
| 2007 | 56.0% | 63.2% |
| 2006 | 55.3% | 63.6% |
| 2005 | 57.6% | 64.3% |
| 2004 | 56.6% | 64.8% |
| 2003 | 55.2% | 65.5% |
| 2002 | 52.0% | 65.7% |
| 2001 | 50.8% | 65.2% |
A dash means no value was published for that period.
In short
- That is a change of +2.2 percentage points from 51.6% in 2023.
- Since 2014, when it was 58.0%, the figure has changed by −4.2 percentage points.
- Among the 189 countries with data for 2024, Faroe Islands has the 110th highest value.
- The figure for the world in 2024 was 63.3%.
More for Faroe Islands
All statistics for Faroe Islands
Industry share of GDP
18.3%
2024 · World Bank
GDP in US dollars
US$4.1 billion
2024 · World Bank
GDP per capita in US dollars
US$74,175 per person
2024 · World Bank
GDP per capita, PPP
Int$72,114 per person
2024 · World Bank
GNI per capita, Atlas method
US$73,120 per person
2024 · World Bank
Real GDP growth
0.8%
2024 · World Bank