Dimension 3.2: Economic Statistics in Faroe Islands
Faroe Islands: Dimension 3.2: Economic Statistics was 0.3083 in 2023. ◆ Volatile
Dimension 3.2: Economic Statistics in Faroe Islands, 2004–2023
Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
Analysis
Faroe Islands recorded 0.3083 for dimension 3.2: economic statistics in 2023. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 115.6% on the previous year and up 362.5% over ten years.
Over the whole period, dimension 3.2: economic statistics in Faroe Islands peaked at 0.3083 in 2023 and was at its lowest, 0.0667, in 2004.
Faroe Islands ranks 211th of 215 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Dimension 3.2: Economic Statistics in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 0.0667 | — |
| 2005 | 0.0667 | +0.0% |
| 2006 | 0.0667 | +0.0% |
| 2007 | 0.0667 | +0.0% |
| 2008 | 0.0667 | +0.0% |
| 2009 | 0.0667 | +0.0% |
| 2010 | 0.0667 | +0.0% |
| 2011 | 0.0667 | +0.0% |
| 2012 | 0.0667 | +0.0% |
| 2013 | 0.0667 | +0.0% |
| 2014 | 0.0667 | +0.0% |
| 2015 | 0.0667 | +0.0% |
| 2016 | 0.0667 | +0.0% |
| 2017 | 0.0667 | +0.0% |
| 2018 | 0.0852 | +27.7% |
| 2019 | 0.0875 | +2.7% |
| 2020 | 0.1847 | +111.0% |
| 2021 | 0.1472 | -20.3% |
| 2022 | 0.143 | -2.8% |
| 2023 | 0.3083 | +115.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.3083 is below the median for high income countries, which is 0.8513, 36% of the median. (85 countries reporting)
- Faroe Islands's 0.3083 is below the median for Europe & Central Asia, which is 0.893, 35% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0667 | 0.0667 | 0.0667 | 6 |
| 2010s | 0.0706 | 0.0667 | 0.0875 | 10 |
| 2020s | 0.1958 | 0.143 | 0.3083 | 4 |
Countries ranked near Faroe Islands
- 208 United States Virgin Islands 0.3875 compare
- 209 Greenland 0.3667 compare
- 210 Gibraltar 0.3097 compare
- 212 Northern Mariana Islands 0.293 compare
- 213 American Samoa 0.2638 compare
- 214 Saint Martin (French part) 0.2055 compare
More reference data data for Faroe Islands
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 22.95 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 1.83 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 6.33 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 21.86 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 0.7808 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 0.0388 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 0.8196 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 31.38 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1.09 (2050)
Frequently asked questions
- What is dimension 3.2: economic statistics in Faroe Islands?
- Dimension 3.2: economic statistics in Faroe Islands was 0.3083 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
- What is the highest dimension 3.2: economic statistics recorded in Faroe Islands?
- The highest recorded value was 0.3083 in 2023.
- What is the lowest dimension 3.2: economic statistics recorded in Faroe Islands?
- The lowest recorded value was 0.0667 in 2004.
- How does Faroe Islands rank for dimension 3.2: economic statistics?
- Faroe Islands ranks 211th out of 215 countries with data for 2023.
- Is dimension 3.2: economic statistics rising or falling in Faroe Islands?
- Over the last ten years it is up 362.5%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Dimension 3.2: Economic Statistics. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Average score for Goal 7-12 indicators. See 3.1.