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Faroe Islands - Services Value Added 2016

Name: Faroe Islands Services Value Added 2016
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Services value added as % of GDP · World Bank

54.23% −2.69% from 2015 Global rank: 83rd

Faroe Islands's services value added was 54.23% in 2016, decreased +2.69% from 56.92% in 2015. This was the 83rd highest globally.

Global Ranking - 2016▾

Services Value Added by Country - 2016
Rank	Country	Value	YoY
1st	Chad	33.35%	9.3%
2nd	Tajikistan	37.16%	-5.2%
3rd	Turkmenistan	38.04%	4.5%
4th	Niger	38.27%	-0.7%
5th	Uzbekistan	39.02%	-0.4%
6th	Mali	39.32%	-1.9%
7th	Azerbaijan	39.32%	-3.3%
8th	Tanzania	39.45%	-2.4%
9th	Myanmar	39.56%	2.1%
10th	Burundi	40.25%	-7.3%
11th	Gabon	41.74%	7.0%
12th	Cambodia	41.76%	-1.0%
13th	Guinea	41.93%	-7.9%
14th	Lao PDR	42.48%	-3.8%
15th	Central African Republic	42.76%	-1.1%
16th	Viet Nam	42.85%	1.6%
17th	Brunei Darussalam	42.98%	9.0%
18th	Bhutan	43.40%	-0.8%
19th	Papua New Guinea	43.43%	0.3%
20th	Albania	43.45%	1.3%
21st	Indonesia	43.64%	0.8%
22nd	Burkina Faso	43.81%	-0.6%
23rd	Mauritania	43.88%	-5.6%
24th	Ghana	43.92%	8.4%
25th	Guyana	44.30%	0.4%
26th	Uganda	44.43%	0.3%
27th	Congo, Democratic Republic of	44.45%	4.9%
28th	Mozambique	44.73%	-4.1%
29th	Sierra Leone	44.80%	-2.1%
30th	Yemen, Republic of	45.01%	7.3%
31st	Equatorial Guinea	45.18%	15.5%
32nd	Kosovo	45.26%	-3.0%
33rd	Guinea-Bissau	45.43%	0.7%
34th	Mongolia	45.88%	-0.6%
35th	Liberia	46.04%	3.4%
36th	Angola	46.72%	-2.7%
37th	Congo, Republic of	47.21%	20.5%
38th	Paraguay	47.63%	-2.1%
39th	India	47.75%	-0.1%
40th	Benin	48.20%	-2.1%
41st	Puerto Rico (US)	48.35%	1.0%
42nd	Belarus	48.52%	1.6%
43rd	Gambia, The	48.80%	-6.0%
44th	Rwanda	49.29%	-0.9%
45th	Nicaragua	49.46%	1.8%
46th	Syrian Arab Republic	49.60%	-3.5%
47th	Solomon Islands	49.66%	-2.8%
48th	Bolivia, Plurinational State of	49.80%	8.3%
49th	Armenia	49.91%	3.5%
50th	Ukraine	49.91%	-2.5%
51st	Sudan	50.15%	2.8%
52nd	Kyrgyz Republic	50.15%	-3.8%
53rd	Togo	50.35%	2.4%
54th	Cameroon	50.47%	1.8%
55th	Qatar	50.78%	10.2%
56th	Iraq	50.78%	-0.9%
57th	Eswatini	50.86%	3.4%
58th	Madagascar	51.01%	0.5%
59th	Bangladesh	51.21%	-4.7%
60th	Serbia	51.33%	-0.9%
61st	Nepal	51.60%	2.1%
62nd	Senegal	51.97%	1.0%
63rd	Tonga	52.06%	-2.4%
64th	Algeria	52.39%	0.5%
65th	Malaysia	52.53%	1.0%
66th	Pakistan	52.75%	0.1%
67th	Haiti	53.20%	1.4%
68th	China	53.29%	3.0%
69th	Oman	53.33%	6.4%
70th	Lesotho	53.35%	3.5%
71st	Morocco	53.39%	2.3%
72nd	Sri Lanka	53.42%	-1.5%
73rd	North Macedonia	53.55%	-0.3%
74th	Saudi Arabia	53.55%	3.7%
75th	Türkiye	53.64%	0.5%
76th	Moldova	53.79%	0.9%
77th	Malawi	53.91%	1.3%
78th	Iran, Islamic Republic of	54.04%	-2.1%
79th	Botswana	54.12%	-4.8%
80th	Comoros	54.17%	-1.3%
81st	Bosnia and Herzegovina	54.17%	-1.4%
82nd	Zambia	54.18%	-3.6%
83rd	Faroe Islands	54.23%	-4.7%
84th	Peru	54.31%	0.5%
85th	Egypt, Arab Republic of	54.48%	2.5%
86th	Côte d'Ivoire	54.49%	0.7%
87th	Fiji	54.54%	-1.6%
88th	Liechtenstein	54.66%	-
89th	Czechia	54.87%	1.0%
90th	Korea	54.98%	-0.2%
91st	Poland	55.06%	-0.4%
92nd	Romania	55.12%	4.8%
93rd	Hungary	55.56%	2.7%
94th	Ireland	55.72%	2.8%
95th	Thailand	55.94%	1.8%
96th	Argentina	56.12%	0.6%
97th	Kenya	56.45%	0.6%
98th	Slovenia	56.62%	0.6%
99th	Colombia	56.90%	1.2%
100th	Russian Federation	57.01%	1.5%
101st	Suriname	57.08%	4.7%
102nd	Bulgaria	57.59%	-1.2%
103rd	Namibia	57.75%	-0.3%
104th	Kazakhstan	57.86%	-2.4%
105th	Norway	57.93%	3.5%
106th	Honduras	58.38%	-0.8%
107th	Ecuador	58.57%	1.7%
108th	Chile	58.98%	1.1%
109th	Dominica	58.99%	-1.6%
110th	Afghanistan	59.02%	10.9%
111th	Croatia	59.24%	-0.1%
112th	United Arab Emirates	59.38%	4.0%
113th	Slovak Republic	59.43%	2.3%
114th	San Marino	59.45%	0.3%
115th	Philippines	59.51%	1.7%
116th	Tunisia	59.70%	1.3%
117th	Nigeria	59.79%	2.9%
118th	Mexico	60.08%	-0.7%
119th	El Salvador	60.33%	0.5%
120th	Zimbabwe	60.41%	3.0%
121st	Greenland	60.43%	-4.0%
122nd	Finland	60.47%	-0.8%
123rd	Trinidad and Tobago	60.48%	3.4%
124th	Lithuania	60.50%	2.2%
125th	Kiribati	60.69%	0.9%
126th	Jordan	60.69%	0.9%
127th	Kuwait	60.71%	3.9%
128th	Bahrain	60.71%	1.7%
129th	Georgia	60.71%	0.5%
130th	Estonia	60.83%	0.2%
131st	Jamaica	60.94%	-1.3%
132nd	West Bank and Gaza	60.96%	-1.2%
133rd	Micronesia, Federated States of	60.99%	-0.5%
134th	Austria	61.76%	-0.6%
135th	Belize	61.85%	-0.5%
136th	Guatemala	61.89%	0.7%
137th	Dominican Republic	62.01%	1.6%
138th	Montenegro	62.26%	-1.3%
139th	Germany	62.36%	-0.4%
140th	Vanuatu	62.72%	2.3%
141st	St. Kitts and Nevis	62.85%	-1.6%
142nd	Brazil	63.20%	1.4%
143rd	Uruguay	63.52%	7.1%
144th	St. Vincent and the Grenadines	63.72%	-1.5%
145th	South Africa	63.91%	-0.3%
146th	Latvia	64.37%	0.4%
147th	Sweden	65.16%	-0.1%
148th	European Union	65.23%	0.0%
149th	Portugal	65.41%	0.0%
150th	Denmark	65.58%	-1.0%
151st	Iceland	65.60%	1.5%
152nd	New Zealand	65.60%	-0.4%
153rd	Panama	65.83%	-1.2%
154th	Timor-Leste	66.24%	3.9%
155th	Italy	66.38%	-0.5%
156th	Mauritius	66.62%	1.0%
157th	Grenada	66.93%	0.3%
158th	Costa Rica	67.46%	0.2%
159th	Samoa	67.64%	-2.5%
160th	Canada	67.96%	1.4%
161st	Australia	68.16%	1.5%
162nd	Spain	68.17%	-0.1%
163rd	Seychelles	68.48%	1.8%
164th	Israel	69.15%	1.2%
165th	Cabo Verde	69.28%	3.2%
166th	Greece	69.38%	-0.9%
167th	New Caledonia	69.57%	2.2%
168th	Belgium	69.59%	0.2%
169th	Japan	69.89%	0.1%
170th	Maldives	69.94%	-3.4%
171st	France	70.60%	0.4%
172nd	Netherlands	70.64%	0.1%
173rd	Curaçao	70.67%	-1.3%
174th	Singapore	70.75%	1.1%
175th	United Kingdom	70.92%	0.6%
176th	Antigua and Barbuda	71.15%	-2.6%
177th	Marshall Islands	71.69%	-5.4%
178th	Cuba	72.05%	-1.0%
179th	Switzerland	72.26%	0.3%
180th	St. Lucia	73.76%	-0.3%
181st	Lebanon	74.20%	0.5%
182nd	Cyprus	74.57%	-1.3%
183rd	Barbados	75.03%	0.4%
184th	Malta	75.80%	-0.4%
185th	French Polynesia	75.85%	0.0%
186th	Bahamas, The	76.49%	-0.5%
187th	Turks and Caicos Islands	76.98%	2.2%
188th	Palau	77.17%	-1.5%
189th	United States	77.44%	0.9%
190th	Libya	77.84%	7.4%
191st	Andorra	78.10%	-0.7%
192nd	Aruba	78.73%	-0.5%
193rd	Luxembourg	79.11%	-0.8%
194th	São Tomé and Principe	79.47%	7.4%
195th	Djibouti	80.68%	0.5%
196th	Monaco	81.75%	-0.8%
197th	Cayman Islands	86.86%	-0.7%
198th	Sint Maarten (Dutch part)	87.45%	0.5%
199th	Hong Kong SAR, China	89.53%	-0.3%
200th	Bermuda	90.13%	-0.3%
201st	Channel Islands	91.70%	-
202nd	Macao SAR, China	92.88%	1.2%
203rd	Isle of Man	93.65%	0.1%

FAQ

What was Faroe Islands's services value added in 2016?▾

Faroe Islands's services value added in 2016 was 54.23%. This ranked 83rd globally.

How did Faroe Islands's services value added change in 2016?▾

Faroe Islands's services value added decreased by 4.7% in 2016 compared to 2015.

Which country had the highest services value added in 2016?▾

Isle of Man had the highest services value added in 2016 at 93.65%.

What is the services value added of Faroe Islands in 2016?▾

The services value added of Faroe Islands in 2016 was 54.23%. This ranked 83rd globally.

How does 2016 compare to 2015 for Faroe Islands's services value added?▾

Faroe Islands's services value added went from 56.92% in 2015 to 54.23% in 2016, a 4.7% decrease.

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