Export value index in Faroe Islands
Faroe Islands: Export value index was 175.7 2015 = 100 in 2024. ▲ Rising
Export value index in Faroe Islands, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
Faroe Islands recorded 175.7 2015 = 100 for export value index in 2024.
That represents a change of down 3.4% on the previous year and up 61.9% over ten years.
Over the whole period, export value index in Faroe Islands peaked at 181.8 2015 = 100 in 2023 and was at its lowest, 58.5 2015 = 100, in 2005.
That places Faroe Islands 63rd out of 204 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Export value index in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 58.5 2015 = 100 | — |
| 2006 | 63.6 2015 = 100 | +8.7% |
| 2007 | 72.1 2015 = 100 | +13.4% |
| 2008 | 82.8 2015 = 100 | +14.8% |
| 2009 | 70 2015 = 100 | -15.5% |
| 2010 | 81.6 2015 = 100 | +16.6% |
| 2011 | 98 2015 = 100 | +20.1% |
| 2012 | 92.7 2015 = 100 | -5.4% |
| 2013 | 105.8 2015 = 100 | +14.1% |
| 2014 | 108.5 2015 = 100 | +2.6% |
| 2015 | 100 2015 = 100 | -7.8% |
| 2016 | 117.7 2015 = 100 | +17.7% |
| 2017 | 130.3 2015 = 100 | +10.7% |
| 2018 | 124.1 2015 = 100 | -4.8% |
| 2019 | 139.1 2015 = 100 | +12.1% |
| 2020 | 125.6 2015 = 100 | -9.7% |
| 2021 | 157.7 2015 = 100 | +25.6% |
| 2022 | 173.2 2015 = 100 | +9.8% |
| 2023 | 181.8 2015 = 100 | +5.0% |
| 2024 | 175.7 2015 = 100 | -3.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 175.7 2015 = 100 is above the median for high income countries, which is 143.8 2015 = 100, 1.2× the median. (77 countries reporting)
- Faroe Islands's 175.7 2015 = 100 is above the median for Europe & Central Asia, which is 161.6 2015 = 100, 1.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 69.4 2015 = 100 | 58.5 2015 = 100 | 82.8 2015 = 100 | 5 |
| 2010s | 109.78 2015 = 100 | 81.6 2015 = 100 | 139.1 2015 = 100 | 10 |
| 2020s | 162.8 2015 = 100 | 125.6 2015 = 100 | 181.8 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 value index in Faroe Islands?
- Export value index in Faroe Islands was 175.7 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest export value index recorded in Faroe Islands?
- The highest recorded value was 181.8 2015 = 100 in 2023.
- What is the lowest export value index recorded in Faroe Islands?
- The lowest recorded value was 58.5 2015 = 100 in 2005.
- How does Faroe Islands rank for export value index?
- Faroe Islands ranks 63rd out of 204 countries with data for 2024.
- Is export value index rising or falling in Faroe Islands?
- Over the last ten years it is up 61.9%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Export value index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.