Dimension 3.4: Institutional Statistics in Faroe Islands

Faroe Islands: Dimension 3.4: Institutional Statistics was 0.2335 in 2023. ▲ Rising

Latest (2023)
0.2335
Change on year
up 20.1%
World rank
202nd
of 215 countries
All-time high
0.25
in 2020
All-time low
0.0455
in 2010
Years of data
20
2004–2023

Dimension 3.4: Institutional Statistics in Faroe Islands, 2004–2023

0.050.10.150.20.252004201320232004: 0.0622005: 0.1212006: 0.1052007: 0.1052008: 0.1052009: 0.1052010: 0.0452011: 0.0912012: 0.0912013: 0.0912014: 0.0912015: 0.1462016: 0.1462017: 0.182018: 0.1552019: 0.2032020: 0.252021: 0.252022: 0.1952023: 0.234

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

Faroe Islands recorded 0.2335 for dimension 3.4: institutional statistics in 2023.

That represents a change of up 20.1% on the previous year and up 156.6% over ten years.

Over the whole period, dimension 3.4: institutional statistics in Faroe Islands peaked at 0.25 in 2020 and was at its lowest, 0.0455, in 2010.

That places Faroe Islands 202nd out of 215 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 20 years of available data.

Dimension 3.4: Institutional Statistics in Faroe Islands, year by year

Annual values for Dimension 3.4: Institutional Statistics in Faroe Islands, 2004 to 2023.
Year Value Change
2004 0.0625 —
2005 0.1215 +94.4%
2006 0.1055 -13.2%
2007 0.1055 +0.0%
2008 0.1055 +0.0%
2009 0.1055 +0.0%
2010 0.0455 -56.9%
2011 0.091 +100.0%
2012 0.091 +0.0%
2013 0.091 +0.0%
2014 0.091 +0.0%
2015 0.1465 +61.0%
2016 0.1465 +0.0%
2017 0.1805 +23.2%
2018 0.1555 -13.9%
2019 0.2025 +30.2%
2020 0.25 +23.5%
2021 0.25 +0.0%
2022 0.1945 -22.2%
2023 0.2335 +20.1%

Faroe Islands compared with similar countries

  • Faroe Islands's 0.2335 is below the median for high income countries, which is 0.7905, 30% of the median. (85 countries reporting)
  • Faroe Islands's 0.2335 is below the median for Europe & Central Asia, which is 0.895, 26% of the median. (56 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.101 0.0625 0.1215 6
2010s 0.1241 0.0455 0.2025 10
2020s 0.232 0.1945 0.25 4

Countries ranked near Faroe Islands

  1. 199 Bermuda 0.2715 compare
  2. 199 New Caledonia 0.2715 compare
  3. 201 Cayman Islands 0.2665 compare
  4. 202 French Polynesia 0.2335 compare
  5. 204 Northern Mariana Islands 0.205 compare
  6. 204 Turks and Caicos Islands 0.205 compare

See the full ranking of 215 places →

More reference data data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is dimension 3.4: institutional statistics in Faroe Islands?
Dimension 3.4: institutional statistics in Faroe Islands was 0.2335 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest dimension 3.4: institutional statistics recorded in Faroe Islands?
The highest recorded value was 0.25 in 2020.
What is the lowest dimension 3.4: institutional statistics recorded in Faroe Islands?
The lowest recorded value was 0.0455 in 2010.
How does Faroe Islands rank for dimension 3.4: institutional statistics?
Faroe Islands ranks 202nd out of 215 countries with data for 2023.
Is dimension 3.4: institutional statistics rising or falling in Faroe Islands?
Over the last ten years it is up 156.6%. The long-run trend across the full record is rising.
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 3.4: Institutional Statistics. Statizoid updates them automatically from the source API.

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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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Dimension 3.4: Institutional Statistics in Faroe Islands. Statizoid, drawing on Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Retrieved 24 September 2026, from https://reference.statizoid.com/stat/dimension-3-4-institutional-statistics/faroe-islands/

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About this data

Indicator
Dimension 3.4: Institutional Statistics
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
215 places, 4,300 data points, 2004–2023
Last refreshed

Average score for Goal 16-17 indicators. See 3.1.