Total natural resource rents in Faroe Islands
Faroe Islands: Total natural resource rents was 0.0% in 2021. ▬ Flat
Total natural resource rents in Faroe Islands, 1998–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Faroe Islands recorded 0.0% for total natural resource rents in 2021. That is the highest value across all 24 years on record.
Over the whole period, total natural resource rents in Faroe Islands peaked at 0.0% in 1998 and was at its lowest, 0.0%, in 1998.
Faroe Islands ranks 189th of 211 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 2 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near Faroe Islands
- 186 Macao 0.0% compare
- 187 Singapore 0.0% compare
- 188 Iceland 0.0% compare
- 189 American Samoa 0.0% compare
- 189 Andorra 0.0% compare
- 189 Antigua and Barbuda 0.0% compare
- 189 Bermuda 0.0% compare
- 189 Cayman Islands 0.0% compare
- 189 Curacao 0.0% compare
- 189 Greenland 0.0% compare
- 189 Grenada 0.0% compare
- 189 Guam 0.0% compare
- 189 Isle of Man 0.0% compare
- 189 Marshall Islands 0.0% compare
- 189 Monaco 0.0% compare
- 189 Nauru 0.0% compare
- 189 Northern Mariana Islands 0.0% compare
- 189 Palau 0.0% compare
- 189 Palestine 0.0% compare
- 189 Puerto Rico 0.0% compare
- 189 Saint Kitts and Nevis 0.0% compare
- 189 San Marino 0.0% compare
- 189 Sint Maarten (Dutch part) 0.0% compare
- 189 Tuvalu 0.0% compare
More reference data data for Faroe Islands
- Summer temperature anomalies 1.13 °C (2026)
- Spring temperature anomalies 1.25 °C (2026)
- Temperature anomalies by month -0.3816 °C (2026)
- Annual precipitation 1,056 millimeters (2025)
- Autumn temperature anomalies 1.45 °C (2025)
- Winter temperature anomalies 2.45 °C (2025)
- Precipitation anomalies -14.26 millimeters (2025)
- Milk production 7,243 tonnes (2024)
- Share of men and women expected to survive to the age of 65 93.2% (2024)
- Share of men expected to survive to the age of 65 88.4% (2024)
Frequently asked questions
- What is total natural resource rents in Faroe Islands?
- Total natural resource rents in Faroe Islands was 0.0% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest total natural resource rents recorded in Faroe Islands?
- The highest recorded value was 0.0% in 1998.
- What is the lowest total natural resource rents recorded in Faroe Islands?
- The lowest recorded value was 0.0% in 1998.
- How does Faroe Islands rank for total natural resource rents?
- Faroe Islands ranks 189th out of 211 countries with data for 2021.
- Where does this Faroe Islands data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Total natural resource rents. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Natural resources rents are estimated as the difference between the price of a commodity and the average cost of producing it. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents, mineral rents, and forest rents.