Faroe Islands - Gross Value Added At Factor Cost (current LCU)

Gross value added at basic prices (GVA) (current LCU) in Faroe Islands was reported at 24205300000 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Faroe Islands - Gross value added at factor cost (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.



Faroe Islands - Gross Value Added At Factor Cost (current LCU)
Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in current local currency.

Faroe Islands | World Bank Development Indicators