Export unit value index in Faroe Islands
Faroe Islands: Export unit value index was 123.7 2015 = 100 in 2024. ▲ Rising
Export unit value index in Faroe Islands, 2000–2024
Source: Handbook of Statistics and data files., UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
In 2024, export unit value index in Faroe Islands stood at 123.7 2015 = 100.
That represents a change of down 3.6% on the previous year and up 22.4% over ten years.
Over the whole period, export unit value index in Faroe Islands peaked at 132.9 2015 = 100 in 2022 and was at its lowest, 59.8 2015 = 100, in 2001.
That places Faroe Islands 141st out of 207 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Export unit value index in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2000 | 60.3 2015 = 100 | — |
| 2001 | 59.8 2015 = 100 | -0.8% |
| 2002 | 61.7 2015 = 100 | +3.2% |
| 2003 | 62.8 2015 = 100 | +1.8% |
| 2004 | 64.4 2015 = 100 | +2.5% |
| 2005 | 67.9 2015 = 100 | +5.4% |
| 2006 | 75.5 2015 = 100 | +11.2% |
| 2007 | 83.4 2015 = 100 | +10.5% |
| 2008 | 87.1 2015 = 100 | +4.4% |
| 2009 | 86.3 2015 = 100 | -0.9% |
| 2010 | 94.9 2015 = 100 | +10.0% |
| 2011 | 100.6 2015 = 100 | +6.0% |
| 2012 | 95.6 2015 = 100 | -5.0% |
| 2013 | 97.4 2015 = 100 | +1.9% |
| 2014 | 101.1 2015 = 100 | +3.8% |
| 2015 | 100 2015 = 100 | -1.1% |
| 2016 | 100.5 2015 = 100 | +0.5% |
| 2017 | 104.3 2015 = 100 | +3.8% |
| 2018 | 110.2 2015 = 100 | +5.7% |
| 2019 | 109.6 2015 = 100 | -0.5% |
| 2020 | 103.5 2015 = 100 | -5.6% |
| 2021 | 116.1 2015 = 100 | +12.2% |
| 2022 | 132.9 2015 = 100 | +14.5% |
| 2023 | 128.3 2015 = 100 | -3.5% |
| 2024 | 123.7 2015 = 100 | -3.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 123.7 2015 = 100 is below the median for high income countries, which is 136.3 2015 = 100, 91% of the median. (79 countries reporting)
- Faroe Islands's 123.7 2015 = 100 is below the median for Europe & Central Asia, which is 139.6 2015 = 100, 89% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 70.92 2015 = 100 | 59.8 2015 = 100 | 87.1 2015 = 100 | 10 |
| 2010s | 101.42 2015 = 100 | 94.9 2015 = 100 | 110.2 2015 = 100 | 10 |
| 2020s | 120.9 2015 = 100 | 103.5 2015 = 100 | 132.9 2015 = 100 | 5 |
Countries ranked near Faroe Islands
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 export unit value index in Faroe Islands?
- Export unit value index in Faroe Islands was 123.7 2015 = 100 in 2024, according to Handbook of Statistics and data files., UN Conference on Trade and Development (UNCTAD).
- What is the highest export unit value index recorded in Faroe Islands?
- The highest recorded value was 132.9 2015 = 100 in 2022.
- What is the lowest export unit value index recorded in Faroe Islands?
- The lowest recorded value was 59.8 2015 = 100 in 2001.
- How does Faroe Islands rank for export unit value index?
- Faroe Islands ranks 141st out of 207 countries with data for 2024.
- Is export unit value index rising or falling in Faroe Islands?
- Over the last ten years it is up 22.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Handbook of Statistics and data files., UN Conference on Trade and Development (UNCTAD), published as part of Export unit value index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
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About this data
Export unit value indices come from UNCTAD's trade database. Unit value indices are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna¬tional and national sources, and UNCTAD secretariat estimates. This indicator is an index series where 2015=100.