Faroe Islands - Services Value Added 2024
53.83%
+2.19% from 2023
Faroe Islands's services value added was 53.83% in 2024, increased +2.19% from 51.64% in 2023. This was the 73rd highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Guyana | 14.46% | -22.9% |
| 2nd | Libya | 28.34% | 18.2% |
| 3rd | Tanzania | 29.56% | 3.0% |
| 4th | Chad | 29.78% | -1.8% |
| 5th | Cambodia | 35.59% | -1.5% |
| 6th | Mali | 36.31% | 1.2% |
| 7th | Guinea | 36.34% | -2.4% |
| 8th | Gabon | 36.82% | -2.6% |
| 9th | Guinea-Bissau | 37.88% | -10.1% |
| 10th | Brunei Darussalam | 38.95% | 0.3% |
| 11th | Ghana | 40.94% | -5.0% |
| 12th | Angola | 41.06% | -1.8% |
| 13th | Mozambique | 41.10% | 0.0% |
| 14th | Myanmar | 41.35% | 4.2% |
| 15th | Liberia | 41.93% | 3.5% |
| 16th | Central African Republic | 42.08% | 3.9% |
| 17th | Azerbaijan | 42.32% | 6.4% |
| 18th | Viet Nam | 42.36% | 0.2% |
| 19th | Mauritania | 42.43% | -1.4% |
| 20th | Sierra Leone | 42.57% | 1.0% |
| 21st | Uganda | 43.14% | 1.5% |
| 22nd | Burundi | 43.22% | -0.9% |
| 23rd | Lao PDR | 43.53% | -1.1% |
| 24th | Indonesia | 43.77% | 2.1% |
| 25th | Burkina Faso | 43.95% | -7.6% |
| 26th | Malawi | 44.21% | -2.0% |
| 27th | Mongolia | 44.34% | 8.0% |
| 28th | Congo, Republic of | 45.02% | 11.4% |
| 29th | Niger | 45.03% | -3.2% |
| 30th | Uzbekistan | 45.19% | 2.8% |
| 31st | Kosovo | 45.68% | -1.9% |
| 32nd | Iraq | 45.77% | 4.8% |
| 33rd | Oman | 46.01% | 1.6% |
| 34th | Qatar | 46.07% | 3.0% |
| 35th | Congo, Democratic Republic of | 46.57% | 1.4% |
| 36th | Algeria | 46.79% | 2.7% |
| 37th | Nicaragua | 46.83% | 0.7% |
| 38th | Solomon Islands | 46.92% | -2.2% |
| 39th | Saudi Arabia | 47.07% | 5.2% |
| 40th | Rwanda | 47.55% | 4.0% |
| 41st | Madagascar | 47.72% | -1.5% |
| 42nd | Lesotho | 48.04% | -5.0% |
| 43rd | Haiti | 48.31% | 1.6% |
| 44th | Senegal | 48.41% | -2.4% |
| 45th | Albania | 48.69% | 2.2% |
| 46th | Paraguay | 48.75% | 1.3% |
| 47th | Benin | 48.88% | 2.4% |
| 48th | Egypt, Arab Republic of | 48.93% | -5.3% |
| 49th | Togo | 49.16% | 0.8% |
| 50th | Belarus | 49.68% | 1.8% |
| 51st | Iran, Islamic Republic of | 49.79% | 4.5% |
| 52nd | India | 49.87% | 0.7% |
| 53rd | Comoros | 50.07% | -1.0% |
| 54th | Turkmenistan | 50.35% | 1.8% |
| 55th | Zimbabwe | 50.61% | 2.1% |
| 56th | Cameroon | 50.72% | -0.3% |
| 57th | Pakistan | 50.73% | -0.5% |
| 58th | Suriname | 50.85% | 4.1% |
| 59th | Equatorial Guinea | 51.10% | 1.4% |
| 60th | Peru | 51.29% | 0.2% |
| 61st | Eswatini | 51.36% | -1.0% |
| 62nd | Bangladesh | 51.42% | 0.6% |
| 63rd | Norway | 51.81% | 3.7% |
| 64th | Puerto Rico (US) | 51.81% | 0.4% |
| 65th | Côte d'Ivoire | 51.86% | -0.8% |
| 66th | Kyrgyz Republic | 52.14% | 1.6% |
| 67th | Morocco | 52.73% | -1.8% |
| 68th | Bahrain | 53.19% | 2.4% |
| 69th | Bolivia, Plurinational State of | 53.36% | -0.8% |
| 70th | Argentina | 53.65% | 0.9% |
| 71st | Malaysia | 53.72% | 0.3% |
| 72nd | Nigeria | 53.73% | 3.9% |
| 73rd | Faroe Islands | 53.83% | 4.2% |
| 74th | Namibia | 54.46% | 2.2% |
| 75th | Fiji | 54.57% | -3.0% |
| 76th | Sudan | 54.67% | 32.1% |
| 77th | United Arab Emirates | 54.90% | 2.0% |
| 78th | Nepal | 55.22% | -0.3% |
| 79th | Kenya | 55.30% | -0.3% |
| 80th | Kuwait | 55.85% | 7.3% |
| 81st | Chile | 56.08% | -2.6% |
| 82nd | North Macedonia | 56.25% | -1.2% |
| 83rd | Bosnia and Herzegovina | 56.56% | 1.2% |
| 84th | China | 56.75% | 0.7% |
| 85th | Gambia, The | 56.79% | 3.2% |
| 86th | Dominica | 56.94% | -2.4% |
| 87th | Ecuador | 57.16% | -2.5% |
| 88th | Zambia | 57.19% | 0.7% |
| 89th | Sri Lanka | 57.47% | -4.0% |
| 90th | Korea | 57.50% | -2.4% |
| 91st | Türkiye | 57.52% | 5.8% |
| 92nd | Russian Federation | 57.53% | 1.4% |
| 93rd | Slovenia | 57.94% | 0.1% |
| 94th | Kazakhstan | 57.94% | 2.8% |
| 95th | Mexico | 58.10% | 0.9% |
| 96th | Colombia | 58.14% | 2.5% |
| 97th | Honduras | 58.41% | 1.5% |
| 98th | Serbia | 58.78% | 1.7% |
| 99th | Poland | 59.15% | 1.6% |
| 100th | Thailand | 59.15% | 1.2% |
| 101st | Brazil | 59.17% | 0.0% |
| 102nd | Trinidad and Tobago | 59.18% | -1.9% |
| 103rd | Hungary | 59.52% | 2.1% |
| 104th | Dominican Republic | 59.81% | 0.4% |
| 105th | Jamaica | 59.96% | 0.1% |
| 106th | Slovak Republic | 59.96% | -0.1% |
| 107th | Czechia | 60.17% | 0.8% |
| 108th | Jordan | 60.39% | -0.6% |
| 109th | Ireland | 60.56% | 0.4% |
| 110th | Ukraine | 60.62% | -1.0% |
| 111th | Croatia | 60.84% | 1.7% |
| 112th | El Salvador | 61.04% | 0.5% |
| 113th | Guatemala | 61.84% | 0.7% |
| 114th | Georgia | 61.98% | -0.1% |
| 115th | Armenia | 61.99% | 2.7% |
| 116th | Finland | 62.21% | 0.7% |
| 117th | Moldova | 62.27% | 1.2% |
| 118th | Belize | 62.44% | 0.5% |
| 119th | Romania | 62.55% | 2.7% |
| 120th | Tunisia | 62.61% | 0.8% |
| 121st | South Africa | 62.99% | 0.4% |
| 122nd | Philippines | 63.22% | 1.3% |
| 123rd | Botswana | 63.49% | 7.3% |
| 124th | Denmark | 63.55% | -0.6% |
| 125th | Lithuania | 63.59% | 0.8% |
| 126th | Bulgaria | 63.76% | 2.1% |
| 127th | Montenegro | 63.77% | -0.3% |
| 128th | Austria | 63.97% | 2.2% |
| 129th | Germany | 64.05% | 0.7% |
| 130th | Mauritius | 64.37% | -0.8% |
| 131st | Latvia | 64.60% | 1.2% |
| 132nd | Iceland | 64.89% | -0.7% |
| 133rd | Italy | 65.05% | 1.2% |
| 134th | Uruguay | 65.26% | -0.6% |
| 135th | Estonia | 65.70% | 0.9% |
| 136th | Grenada | 65.71% | 1.0% |
| 137th | Seychelles | 65.77% | -2.3% |
| 138th | European Union | 66.05% | 0.8% |
| 139th | St. Kitts and Nevis | 66.13% | 1.0% |
| 140th | Australia | 66.14% | 3.9% |
| 141st | Portugal | 66.28% | 0.0% |
| 142nd | St. Vincent and the Grenadines | 66.40% | 0.0% |
| 143rd | Sweden | 66.43% | 1.5% |
| 144th | Marshall Islands | 66.99% | -3.9% |
| 145th | Micronesia, Federated States of | 67.91% | -2.5% |
| 146th | Greece | 68.01% | -1.0% |
| 147th | Cabo Verde | 68.72% | -0.2% |
| 148th | Costa Rica | 68.78% | 1.2% |
| 149th | Spain | 68.90% | 0.3% |
| 150th | Panama | 69.34% | 2.3% |
| 151st | Samoa | 69.36% | -1.9% |
| 152nd | Netherlands | 70.49% | 0.6% |
| 153rd | France | 70.91% | 1.0% |
| 154th | Belgium | 70.99% | 1.0% |
| 155th | Timor-Leste | 71.63% | 17.4% |
| 156th | Switzerland | 72.03% | -0.2% |
| 157th | Maldives | 72.10% | 1.9% |
| 158th | Curaçao | 72.30% | -1.4% |
| 159th | United Kingdom | 72.45% | 0.0% |
| 160th | Israel | 72.54% | 0.5% |
| 161st | Turks and Caicos Islands | 72.64% | -1.3% |
| 162nd | Singapore | 73.03% | 0.5% |
| 163rd | Cuba | 73.39% | 0.3% |
| 164th | Barbados | 75.53% | 0.0% |
| 165th | St. Lucia | 75.90% | -0.5% |
| 166th | Djibouti | 76.08% | -1.3% |
| 167th | Cyprus | 76.48% | 0.3% |
| 168th | Bahamas, The | 77.19% | -1.7% |
| 169th | Andorra | 77.59% | -0.9% |
| 170th | São Tomé and Principe | 80.34% | 3.5% |
| 171st | Luxembourg | 81.18% | -0.8% |
| 172nd | Malta | 81.77% | 0.1% |
| 173rd | Monaco | 87.20% | -1.5% |
| 174th | Hong Kong SAR, China | 91.75% | 0.4% |
FAQ
What was Faroe Islands's services value added in 2024?▾
Faroe Islands's services value added in 2024 was 53.83%. This ranked 73rd globally.
How did Faroe Islands's services value added change in 2024?▾
Faroe Islands's services value added increased by 4.2% in 2024 compared to 2023.
Which country had the highest services value added in 2024?▾
Hong Kong SAR, China had the highest services value added in 2024 at 91.75%.
What is the services value added of Faroe Islands in 2024?▾
The services value added of Faroe Islands in 2024 was 53.83%. This ranked 73rd globally.
How does 2024 compare to 2023 for Faroe Islands's services value added?▾
Faroe Islands's services value added went from 51.64% in 2023 to 53.83% in 2024, a 4.2% increase.
Related
2023
2025
All years
Full ranking 2024
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 2012
Lowest: 2001
Services Value Added 1990s
Services Value Added 2000s
Services Value Added 2010s
Services Value Added 2020s
Highest ever
Lowest ever
Average
vs Channel Islands
vs Macao SAR, China
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Global Ranking