Commercial service imports (current US$), annual growth rate in Faroe Islands
Faroe Islands: Commercial service imports (current US$), annual growth rate was 7.67 % change on previous year in 2011. ◆ Volatile
Commercial service imports (current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for commercial service imports (current us$), annual growth rate in Faroe Islands is 7.67 % change on previous year, measured in 2011.
Compared with earlier readings it is up 12.0% on the previous year and down 8.4% over ten years.
Over the whole period, commercial service imports (current us$), annual growth rate in Faroe Islands peaked at 42.64 % change on previous year in 2005 and was at its lowest, -10.27 % change on previous year, in 2009.
Faroe Islands ranks 93rd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service imports (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 5.57 % change on previous year | — |
| 2000 | 1.32 % change on previous year | -76.3% |
| 2001 | 8.37 % change on previous year | +533.7% |
| 2002 | 25.46 % change on previous year | +204.1% |
| 2003 | 10.76 % change on previous year | -57.7% |
| 2004 | 10.72 % change on previous year | -0.4% |
| 2005 | 42.64 % change on previous year | +297.8% |
| 2006 | 19.29 % change on previous year | -54.8% |
| 2007 | 31.05 % change on previous year | +61.0% |
| 2008 | 6.31 % change on previous year | -79.7% |
| 2009 | -10.27 % change on previous year | -262.8% |
| 2010 | 6.85 % change on previous year | -166.7% |
| 2011 | 7.67 % change on previous year | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.57 % change on previous year | 5.57 % change on previous year | 5.57 % change on previous year | 1 |
| 2000s | 14.57 % change on previous year | -10.27 % change on previous year | 42.64 % change on previous year | 10 |
| 2010s | 7.26 % change on previous year | 6.85 % change on previous year | 7.67 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 90 Fiji 7.93 % change on previous year compare
- 91 Tonga 7.77 % change on previous year compare
- 92 South Korea 7.75 % change on previous year compare
- 94 United States 7.66 % change on previous year compare
- 95 Japan 7.48 % change on previous year compare
- 96 Sudan 7.43 % change on previous year compare
More private sector data for Faroe Islands
- Merchandise trade 80.8% (2024)
- Food imports 17.1% (2009)
- Manufactures imports 62.3% (2009)
- Merchandise imports 1.67 billion current US$ (2025)
- Food exports 88.0% (2009)
- Manufactures exports 7.4% (2009)
- Merchandise exports 2.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 37,577 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4389 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports (current us$), annual growth rate in Faroe Islands?
- Commercial service imports (current us$), annual growth rate in Faroe Islands was 7.67 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest commercial service imports (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 42.64 % change on previous year in 2005.
- What is the lowest commercial service imports (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -10.27 % change on previous year in 2009.
- How does Faroe Islands rank for commercial service imports (current us$), annual growth rate?
- Faroe Islands ranks 93rd out of 198 countries with data for 2011.
- Is commercial service imports (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Commercial service imports (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Commercial service imports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Commercial service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Commercial service imports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.