Oil rents (% of GDP) in Faroe Islands stood at 0% in 2021, according to World Bank. The latest value is unchanged from 0% in 2020. Ten years earlier, in 2011, the value was 0% (unchanged since). Faroe Islands ranked 137th highest of the 190 countries in this dataset in 2021; Libya ranked first.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Oil rents (% of GDP), measured in %, measures the total economic output of Faroe Islands. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Faroe Islands, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Oil rents (% of GDP) in Faroe Islands stood at 0% in 2021, according to World Bank.
The latest value is unchanged from 0% in 2020. Ten years earlier, in 2011, the value was 0% (unchanged since).
Faroe Islands ranked 137th highest of the 190 countries in this dataset in 2021; Libya ranked first.
| Indicator | Oil rents (% of GDP) |
|---|---|
| Country | Faroe Islands |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
Loading chart...
World Bank. (2026). Oil rents (% of GDP) — Faroe Islands [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/FRO. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
World Bank. "Oil rents (% of GDP) — Faroe Islands." EconDash, 2026, https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/FRO. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
World Bank. 2026. "Oil rents (% of GDP) — Faroe Islands." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/FRO. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
@misc{econdash_wdi_ny_gdp_petr_rt_zs_fro,
author = {{World Bank}},
title = {{Oil rents (\% of GDP) --- Faroe Islands}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/FRO},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS}
}Browse indicators available for Faroe Islands. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
| Demographics | 34 indicators |
|---|---|
| Macroeconomics | 45 indicators |
| Commodities and Energy | 56 indicators |
| Technology and Internet | 7 indicators |
| Transport and Logistics | 7 indicators |
| Labor and Employment | 3 indicators |
| Financial Markets | 1 indicators |
| Total indicators | 153 |