Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services

Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services data was reported at 66.184 % in 2013. This records a decrease from the previous number of 68.475 % for 2012. Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 64.854 % from Dec 1998 (Median) to 2013, with 16 observations. The data reached an all-time high of 69.472 % in 2009 and a record low of 58.017 % in 2001. Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

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What was Faroe Islands's Faroe Islands FO: GDP: % of GDP: Gross Value Added: Services in 2013?

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