Faroe Islands vs Luxembourg: Manufacturing, value added
Manufacturing, value added over time
- Faroe Islands
- Luxembourg
How they compare
Luxembourg currently reports 3.33 billion current LCU against 2.64 billion current LCU in Faroe Islands, a difference of 688.96 million current LCU.
That makes Luxembourg's figure about 1.3 times Faroe Islands's.
Across all 27 years both countries report, Luxembourg has been ahead every year.
Globally, Faroe Islands ranks 156th and Luxembourg ranks 154th of 204 countries.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.