Import value index (2015 = 100) in Faroe Islands
Faroe Islands: Import value index (2015 = 100) was 165.1 2015 = 100 in 2024. ▲ Rising
Import value index in Faroe Islands, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
In 2024, import value index in Faroe Islands stood at 165.1 2015 = 100.
That represents a change of down 12.4% on the previous year and up 43.6% over ten years.
Over the whole period, import value index in Faroe Islands peaked at 188.4 2015 = 100 in 2023 and was at its lowest, 81.4 2015 = 100, in 2005.
Faroe Islands ranks 66th 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.
Import value index (2015 = 100) in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 81.4 2015 = 100 | — |
| 2006 | 86.7 2015 = 100 | +6.5% |
| 2007 | 111.8 2015 = 100 | +29.0% |
| 2008 | 108.5 2015 = 100 | -3.0% |
| 2009 | 86 2015 = 100 | -20.7% |
| 2010 | 86.1 2015 = 100 | +0.1% |
| 2011 | 109.2 2015 = 100 | +26.8% |
| 2012 | 126.6 2015 = 100 | +15.9% |
| 2013 | 122.4 2015 = 100 | -3.3% |
| 2014 | 115 2015 = 100 | -6.0% |
| 2015 | 100 2015 = 100 | -13.0% |
| 2016 | 107.9 2015 = 100 | +7.9% |
| 2017 | 121.2 2015 = 100 | +12.3% |
| 2018 | 135.7 2015 = 100 | +12.0% |
| 2019 | 135.8 2015 = 100 | +0.1% |
| 2020 | 138.4 2015 = 100 | +1.9% |
| 2021 | 163 2015 = 100 | +17.8% |
| 2022 | 184.9 2015 = 100 | +13.4% |
| 2023 | 188.4 2015 = 100 | +1.9% |
| 2024 | 165.1 2015 = 100 | -12.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 165.1 2015 = 100 is above the median for high income countries, which is 145.7 2015 = 100, 1.1× the median. (77 countries reporting)
- Faroe Islands's 165.1 2015 = 100 is above the median for Europe & Central Asia, which is 161.8 2015 = 100, 1.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 94.88 2015 = 100 | 81.4 2015 = 100 | 111.8 2015 = 100 | 5 |
| 2010s | 115.99 2015 = 100 | 86.1 2015 = 100 | 135.8 2015 = 100 | 10 |
| 2020s | 167.96 2015 = 100 | 138.4 2015 = 100 | 188.4 2015 = 100 | 5 |
Countries ranked near Faroe Islands
More private sector data for Faroe Islands
- Merchandise trade 80.8% (2024)
- Food imports 29.0% (2025)
- Manufactures imports 54.4% (2025)
- Merchandise imports 1.67 billion current US$ (2025)
- Commercial service imports 394.20 million current US$ (2011)
- Food exports 91.9% (2025)
- Manufactures exports 3.2% (2025)
- Merchandise exports 2.06 billion current US$ (2025)
- Commercial service exports 206.81 million current US$ (2011)
- Merchandise exports (current US$), per capita 37,577 current US$ per person (2025)
Frequently asked questions
- What is import value index in Faroe Islands?
- Import value index in Faroe Islands was 165.1 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest import value index recorded in Faroe Islands?
- The highest recorded value was 188.4 2015 = 100 in 2023.
- What is the lowest import value index recorded in Faroe Islands?
- The lowest recorded value was 81.4 2015 = 100 in 2005.
- How does Faroe Islands rank for import value index?
- Faroe Islands ranks 66th out of 204 countries with data for 2024.
- Is import value index rising or falling in Faroe Islands?
- Over the last ten years it is up 43.6%. 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 Import value index (2015 = 100). Statizoid updates them automatically from the source API.
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About this data
Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.