Import volume index (2015 = 100) in Faroe Islands
Faroe Islands: Import volume index (2015 = 100) was 134.8 2015 = 100 in 2024. ▲ Rising
Import volume index in Faroe Islands, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
Faroe Islands recorded 134.8 2015 = 100 for import volume index in 2024.
Compared with earlier readings it is down 10.9% on the previous year and up 33.1% over ten years.
Over the whole period, import volume index in Faroe Islands peaked at 151.3 2015 = 100 in 2023 and was at its lowest, 85.6 2015 = 100, in 2010.
That places Faroe Islands 59th 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.
Import volume index (2015 = 100) in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 92.3 2015 = 100 | — |
| 2006 | 95.6 2015 = 100 | +3.6% |
| 2007 | 115.5 2015 = 100 | +20.8% |
| 2008 | 100.5 2015 = 100 | -13.0% |
| 2009 | 90.3 2015 = 100 | -10.1% |
| 2010 | 85.6 2015 = 100 | -5.2% |
| 2011 | 95.6 2015 = 100 | +11.7% |
| 2012 | 110.3 2015 = 100 | +15.4% |
| 2013 | 107.1 2015 = 100 | -2.9% |
| 2014 | 101.3 2015 = 100 | -5.4% |
| 2015 | 100 2015 = 100 | -1.3% |
| 2016 | 111.1 2015 = 100 | +11.1% |
| 2017 | 120.8 2015 = 100 | +8.7% |
| 2018 | 127.7 2015 = 100 | +5.7% |
| 2019 | 130.6 2015 = 100 | +2.3% |
| 2020 | 136.6 2015 = 100 | +4.6% |
| 2021 | 144.5 2015 = 100 | +5.8% |
| 2022 | 144 2015 = 100 | -0.3% |
| 2023 | 151.3 2015 = 100 | +5.1% |
| 2024 | 134.8 2015 = 100 | -10.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 134.8 2015 = 100 is above the median for high income countries, which is 111.7 2015 = 100, 1.2× the median. (77 countries reporting)
- Faroe Islands's 134.8 2015 = 100 is above the median for Europe & Central Asia, which is 119.5 2015 = 100, 1.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 98.84 2015 = 100 | 90.3 2015 = 100 | 115.5 2015 = 100 | 5 |
| 2010s | 109.01 2015 = 100 | 85.6 2015 = 100 | 130.6 2015 = 100 | 10 |
| 2020s | 142.24 2015 = 100 | 134.8 2015 = 100 | 151.3 2015 = 100 | 5 |
Countries ranked near Faroe Islands
- 56 Bosnia and Herzegovina 138.7 2015 = 100 compare
- 57 Iceland 138 2015 = 100 compare
- 58 Paraguay 134.9 2015 = 100 compare
- 60 Grenada 134.7 2015 = 100 compare
- 61 Central African Republic 133.8 2015 = 100 compare
- 62 Costa Rica 133.6 2015 = 100 compare
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 volume index in Faroe Islands?
- Import volume index in Faroe Islands was 134.8 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest import volume index recorded in Faroe Islands?
- The highest recorded value was 151.3 2015 = 100 in 2023.
- What is the lowest import volume index recorded in Faroe Islands?
- The lowest recorded value was 85.6 2015 = 100 in 2010.
- How does Faroe Islands rank for import volume index?
- Faroe Islands ranks 59th out of 204 countries with data for 2024.
- Is import volume index rising or falling in Faroe Islands?
- Over the last ten years it is up 33.1%. 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 volume index (2015 = 100). Statizoid updates them automatically from the source API.
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About this data
Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import 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.