Faroe Islands: Mineral rents (% of GDP)
In , Faroe Islands's Mineral rents (% of GDP) was 0.00.
The global average for this indicator in 2021 was 1.76 . Faroe Islands ranks #142 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #41 of 51.
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 0.00
- Trough
- 0.00
Historical Data — Last 10 Years
| Year | Mineral rents (% of GDP) |
|---|---|
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 |
About Mineral rents (% of GDP)
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.
Indicator code: NY.GDP.MINR.RT.ZS • Category: Economy
Frequently asked questions
- What was Faroe Islands's Mineral rents (% of GDP) in 2021?
- In 2021, Faroe Islands's Mineral rents (% of GDP) was 0.00, according to World Bank Open Data.
- How does Faroe Islands rank globally on Mineral rents (% of GDP)?
- In 2021, Faroe Islands ranked #142 out of 197 countries reporting Mineral rents (% of GDP).
- How does Faroe Islands's Mineral rents (% of GDP) compare to the world average?
- The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #41 of 51.
- What is Mineral rents (% of GDP) and how is it measured?
- Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.