Commercial service imports (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Commercial service imports (current US$), per unit of GDP was 0.1573 current US$ per US$ of GDP in 2011. ▲ Rising
Commercial service imports (current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2011, commercial service imports (current us$), per unit of gdp in Faroe Islands stood at 0.1573 current US$ per US$ of GDP. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 0.2% on the previous year and up 74.3% over ten years.
Over the whole period, commercial service imports (current us$), per unit of gdp in Faroe Islands peaked at 0.1573 current US$ per US$ of GDP in 2011 and was at its lowest, 0.0818 current US$ per US$ of GDP, in 1998.
Faroe Islands ranks 52nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Commercial service imports (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0818 current US$ per US$ of GDP | — |
| 1999 | 0.0846 current US$ per US$ of GDP | +3.4% |
| 2000 | 0.0905 current US$ per US$ of GDP | +7.1% |
| 2001 | 0.0902 current US$ per US$ of GDP | -0.3% |
| 2002 | 0.103 current US$ per US$ of GDP | +14.2% |
| 2003 | 0.0969 current US$ per US$ of GDP | -6.0% |
| 2004 | 0.0934 current US$ per US$ of GDP | -3.6% |
| 2005 | 0.1306 current US$ per US$ of GDP | +39.8% |
| 2006 | 0.1358 current US$ per US$ of GDP | +4.0% |
| 2007 | 0.1536 current US$ per US$ of GDP | +13.0% |
| 2008 | 0.1534 current US$ per US$ of GDP | -0.1% |
| 2009 | 0.1492 current US$ per US$ of GDP | -2.7% |
| 2010 | 0.157 current US$ per US$ of GDP | +5.2% |
| 2011 | 0.1573 current US$ per US$ of GDP | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0832 current US$ per US$ of GDP | 0.0818 current US$ per US$ of GDP | 0.0846 current US$ per US$ of GDP | 2 |
| 2000s | 0.1197 current US$ per US$ of GDP | 0.0902 current US$ per US$ of GDP | 0.1536 current US$ per US$ of GDP | 10 |
| 2010s | 0.1572 current US$ per US$ of GDP | 0.157 current US$ per US$ of GDP | 0.1573 current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 49 Saint Vincent and the Grenadines 0.1667 current US$ per US$ of GDP compare
- 50 Fiji 0.1642 current US$ per US$ of GDP compare
- 51 Armenia 0.1578 current US$ per US$ of GDP compare
- 53 Jamaica 0.1543 current US$ per US$ of GDP compare
- 54 Finland 0.1542 current US$ per US$ of GDP compare
- 55 Iceland 0.1541 current US$ per US$ of GDP 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports (current us$), per unit of gdp in Faroe Islands?
- Commercial service imports (current us$), per unit of gdp in Faroe Islands was 0.1573 current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest commercial service imports (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.1573 current US$ per US$ of GDP in 2011.
- What is the lowest commercial service imports (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0818 current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for commercial service imports (current us$), per unit of gdp?
- Faroe Islands ranks 52nd out of 198 countries with data for 2011.
- Is commercial service imports (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 74.3%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Commercial service imports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Commercial service imports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Commercial service imports (current US$) ÷ GDP (current US$)
Computed from
- Commercial service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Commercial service imports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.