Faroe Islands Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Overview
Faroe Islands's services value added stood at 52.44% in 2025, a decline of +1.39% from 2024. Based on recent trends, this figure is projected to reach 52.44% by 2025. Faroe Islands ranked 122nd globally.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 52.12% | - | - |
| 2026* trend | 52.28% | - | - |
| 2025* trend | 52.44% | - | - |
| 2025 | 52.44% | −1.39% | #122 |
| 2024 | 53.83% | +2.19% | #73 |
| 2023 | 51.64% | −0.05% | #70 |
| 2022 | 51.69% | −2.22% | #79 |
| 2021 | 53.91% | +0.43% | #90 |
| 2020 | 53.48% | +0.65% | #69 |
| 2019 | 52.82% | −1.76% | #68 |
| 2018 | 54.58% | +0.77% | #91 |
| 2017 | 53.82% | −0.41% | #81 |
| 2016 | 54.23% | −2.69% | #83 |
| 2015 | 56.92% | −1.09% | #103 |
| 2014 | 58.01% | −2.23% | #115 |
| 2013 | 60.24% | −1.15% | #123 |
| 2012 | 61.39% | +2.42% | #135 |
| 2011 | 58.97% | +0.77% | #124 |
Analysis
Faroe Islands's services value added was 52.44% in 2025, a decline of −1.39% from 2024. Based on trends, estimated 52.44% by 2025.
Frequently Asked Questions
Faroe Islands's services value added was 52.44% in 2025. Ranked 122nd globally. This represents a 2.6% decrease from the previous year.
Faroe Islands's services value added peaked at 61.39% in 2012.
The lowest services value added in Faroe Islands was 50.77% in 2001.
Faroe Islands ranks 122nd globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Faroe Islands's services value added is projected to reach 52.44% by 2025 based on trend extrapolation.
The services value added of Faroe Islands in 2025 was 52.44%. This ranks 122nd in the world.
Cite this page
@misc{historysaid_faroe-islands_services-value-added,
title = {Faroe Islands Services Value Added},
url = {https://historysaid.com/faroe-islands/services-value-added},
publisher = {HistorySaid},
year = {2026}
}