Faroe Islands vs Latin America & the Caribbean (IDA & IBRD countries): Merchandise exports by the reporting economy (current US$), per unit
Merchandise exports by the reporting economy (current US$), per unit over time
- Faroe Islands
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Faroe Islands currently reports 0.5951 current US$ per US$ of GDP against 0.2057 current US$ per US$ of GDP in Latin America & the Caribbean (IDA & IBRD countries), a difference of 0.3894 current US$ per US$ of GDP.
That makes Faroe Islands's figure about 2.9 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 59 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 20th and Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd of 202 countries.
Faroe Islands has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.3548 current US$ per US$ of GDP | 0.0845 current US$ per US$ of GDP | 0.2703 current US$ per US$ of GDP | Faroe Islands |
| 1970s | 0.3788 current US$ per US$ of GDP | 0.0874 current US$ per US$ of GDP | 0.2914 current US$ per US$ of GDP | Faroe Islands |
| 1980s | 0.3623 current US$ per US$ of GDP | 0.1113 current US$ per US$ of GDP | 0.251 current US$ per US$ of GDP | Faroe Islands |
| 1990s | 0.395 current US$ per US$ of GDP | 0.1163 current US$ per US$ of GDP | 0.2786 current US$ per US$ of GDP | Faroe Islands |
| 2000s | 0.3723 current US$ per US$ of GDP | 0.1816 current US$ per US$ of GDP | 0.1907 current US$ per US$ of GDP | Faroe Islands |
| 2010s | 0.4509 current US$ per US$ of GDP | 0.1783 current US$ per US$ of GDP | 0.2726 current US$ per US$ of GDP | Faroe Islands |
| 2020s | 0.5124 current US$ per US$ of GDP | 0.2207 current US$ per US$ of GDP | 0.2917 current US$ per US$ of GDP | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise exports by the reporting economy (current us$), per unit, Faroe Islands or Latin America & the Caribbean (IDA & IBRD countries)?
- Faroe Islands, at 0.5951 current US$ per US$ of GDP against 0.2057 current US$ per US$ of GDP in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
- What is the difference in merchandise exports by the reporting economy (current us$), per unit between Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
- 0.3894 current US$ per US$ of GDP, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
- 59 years are reported by both, from 1965 to 2023.
- How do Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries) rank globally for merchandise exports by the reporting economy (current us$), per unit?
- Faroe Islands ranks 20th and Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd of 202 countries.
- Where does this data come from?
- Statizoid (derived), published as Merchandise exports by the reporting economy (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise exports by the reporting economy (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.