Faroe Islands vs Iceland: Commercial service imports (current US$), per unit of GDP

Faroe Islands
0.1573 current US$ per US$ of GDP
in 2011
Iceland
0.1541 current US$ per US$ of GDP
in 2025
Faroe Islands rank
52nd
Iceland rank
55th

Commercial service imports (current US$), per unit of GDP over time

  • Faroe Islands
  • Iceland
00.050.10.150.2197620002025

How they compare

Faroe Islands currently reports 0.1573 current US$ per US$ of GDP against 0.1541 current US$ per US$ of GDP in Iceland, a difference of 0.0032 current US$ per US$ of GDP.

The two have swapped places 2 times across 14 shared years of data; in 1998 it was Iceland ahead.

Faroe Islands ranks 52nd and Iceland ranks 55th of 198 countries.

Iceland has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Faroe Islands Iceland Difference Ahead
1990s 0.0832 current US$ per US$ of GDP 0.1083 current US$ per US$ of GDP 0.0252 current US$ per US$ of GDP Iceland
2000s 0.1197 current US$ per US$ of GDP 0.1301 current US$ per US$ of GDP 0.0104 current US$ per US$ of GDP Iceland
2010s 0.1572 current US$ per US$ of GDP 0.1604 current US$ per US$ of GDP 0.0032 current US$ per US$ of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher commercial service imports (current us$), per unit of gdp, Faroe Islands or Iceland?
Faroe Islands, at 0.1573 current US$ per US$ of GDP against 0.1541 current US$ per US$ of GDP in Iceland as of 2011.
What is the difference in commercial service imports (current us$), per unit of gdp between Faroe Islands and Iceland?
0.0032 current US$ per US$ of GDP, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Iceland?
14 years are reported by both, from 1998 to 2011.
How do Faroe Islands and Iceland rank globally for commercial service imports (current us$), per unit of gdp?
Faroe Islands ranks 52nd and Iceland ranks 55th of 198 countries.
Where does this data come from?
Statizoid (derived), published as Commercial service imports (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Iceland: Commercial service imports (current US$), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 08 September 2026, from https://private-sector.statizoid.com/compare/commercial-service-imports-current-us-per-unit-of-gdp/faroe-islands/iceland/

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About this data

Indicator
Commercial service imports (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
245 places, 9,662 data points, 1960–2025
Last refreshed

Commercial service imports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.