Faroe Islands

Agriculture Value Added

0.57
billion USD
Dec 98Dec 00Dec 02Dec 04Dec 07Dec 09Dec 11Dec 13Dec 15Dec 17Dec 190.0000.8501.7002.5503.400
  • Faroe Islands
  • Global Median
Source: IMF

Definition of Agriculture Value Added

Agriculture corresponds to International Standard Industrial Classification (ISIC) divisions 1-5, while the origin of value added is determined by the ISIC, revision 3. Agriculture value added is the net output of the agriculture sector, including forestry, hunting and fishing, and cultivation of crops and livestock production, after adding up all outputs and subtracting intermediate inputs. Deductions for depreciation of fabricated assets and depletion and degradation of natural resources are not included in the calculation. Values are in billion U.S. dollars.

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