Export volume index in Faroe Islands
Faroe Islands: Export volume index was 142 2015 = 100 in 2024. ▲ Rising
Export volume index in Faroe Islands, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
Faroe Islands recorded 142 2015 = 100 for export volume index in 2024. That is the highest value across all 20 years on record.
The figure is up 0.2% on the previous year and up 32.3% over ten years.
Over the whole period, export volume index in Faroe Islands peaked at 142 2015 = 100 in 2024 and was at its lowest, 81.1 2015 = 100, in 2009.
Faroe Islands ranks 53rd of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Export volume index in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 86.2 2015 = 100 | — |
| 2006 | 84.3 2015 = 100 | -2.2% |
| 2007 | 86.4 2015 = 100 | +2.5% |
| 2008 | 95.1 2015 = 100 | +10.1% |
| 2009 | 81.1 2015 = 100 | -14.7% |
| 2010 | 85.9 2015 = 100 | +5.9% |
| 2011 | 97.4 2015 = 100 | +13.4% |
| 2012 | 97 2015 = 100 | -0.4% |
| 2013 | 108.6 2015 = 100 | +12.0% |
| 2014 | 107.3 2015 = 100 | -1.2% |
| 2015 | 100 2015 = 100 | -6.8% |
| 2016 | 117.2 2015 = 100 | +17.2% |
| 2017 | 125 2015 = 100 | +6.7% |
| 2018 | 112.6 2015 = 100 | -9.9% |
| 2019 | 126.9 2015 = 100 | +12.7% |
| 2020 | 121.4 2015 = 100 | -4.3% |
| 2021 | 135.8 2015 = 100 | +11.9% |
| 2022 | 130.4 2015 = 100 | -4.0% |
| 2023 | 141.7 2015 = 100 | +8.7% |
| 2024 | 142 2015 = 100 | +0.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 142 2015 = 100 is above the median for high income countries, which is 106.1 2015 = 100, 1.3× the median. (77 countries reporting)
- Faroe Islands's 142 2015 = 100 is above the median for Europe & Central Asia, which is 113.6 2015 = 100, 1.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.62 2015 = 100 | 81.1 2015 = 100 | 95.1 2015 = 100 | 5 |
| 2010s | 107.79 2015 = 100 | 85.9 2015 = 100 | 126.9 2015 = 100 | 10 |
| 2020s | 134.26 2015 = 100 | 121.4 2015 = 100 | 142 2015 = 100 | 5 |
Countries ranked near Faroe Islands
- 50 Mauritania 145 2015 = 100 compare
- 51 Pakistan 144.6 2015 = 100 compare
- 52 Solomon Islands 144.5 2015 = 100 compare
- 54 Maldives 140.2 2015 = 100 compare
- 55 Brazil 139.5 2015 = 100 compare
- 56 Burkina Faso 139.3 2015 = 100 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 export volume index in Faroe Islands?
- Export volume index in Faroe Islands was 142 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest export volume index recorded in Faroe Islands?
- The highest recorded value was 142 2015 = 100 in 2024.
- What is the lowest export volume index recorded in Faroe Islands?
- The lowest recorded value was 81.1 2015 = 100 in 2009.
- How does Faroe Islands rank for export volume index?
- Faroe Islands ranks 53rd out of 204 countries with data for 2024.
- Is export volume index rising or falling in Faroe Islands?
- Over the last ten years it is up 32.3%. 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 volume index (2015 = 100). Statizoid updates them automatically from the source API.
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About this data
Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes 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.