How does Faroe Islands rank globally on Total natural resources rents (% of GDP)?

In 2021, Faroe Islands ranked #192 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Faroe Islands's Total natural resources rents (% of GDP) compare to the world average?

The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #49 of 51.

Faroe Islands: Total natural resources rents (% of GDP)

Name: Faroe Islands: Total natural resources rents (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2021, Faroe Islands's Total natural resources rents (% of GDP) was 0.00.

The global average for this indicator in 2021 was 6.63 . Faroe Islands ranks #192 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #49 of 51.

Source: World Bank Open Data (NY.GDP.TOTL.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; 2002
Trough: 0.00; 2002

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	0.0000
2020	0.0000
2019	0.0000
2018	0.0000
2017	0.0000
2016	0.0000
2015	0.0000
2014	0.0000
2013	0.0000
2012	0.0000

About Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Indicator code: NY.GDP.TOTL.RT.ZS • Category: Economy

Frequently asked questions

What was Faroe Islands's Total natural resources rents (% of GDP) in 2021?: In 2021, Faroe Islands's Total natural resources rents (% of GDP) was 0.00, according to World Bank Open Data.
How does Faroe Islands rank globally on Total natural resources rents (% of GDP)?: In 2021, Faroe Islands ranked #192 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Faroe Islands's Total natural resources rents (% of GDP) compare to the world average?: The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #49 of 51.
What is Total natural resources rents (% of GDP) and how is it measured?: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS), CC BY 4.0.