Merchandise exports by the reporting economy (current US$) … annual in Faroe Islands
Faroe Islands: Merchandise exports by the reporting economy (current US$) … annual was 10.76 % change on previous year in 2023. ◆ Volatile
Merchandise exports by the reporting economy (current US$), annual in Faroe Islands, 1963–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for merchandise exports by the reporting economy (current us$), annual in Faroe Islands is 10.76 % change on previous year, measured in 2023.
That represents a change of down 68.6% on the previous year and down 38.4% over ten years.
Over the whole period, merchandise exports by the reporting economy (current us$), annual in Faroe Islands peaked at 85.71 % change on previous year in 1963 and was at its lowest, -20.59 % change on previous year, in 1968.
Faroe Islands ranks 26th of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) … annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1963 | 85.71 % change on previous year | — |
| 1965 | 34.41 % change on previous year | -59.9% |
| 1966 | -13.2 % change on previous year | -138.4% |
| 1967 | 12.9 % change on previous year | -197.8% |
| 1968 | -20.59 % change on previous year | -259.6% |
| 1969 | 21.58 % change on previous year | -204.8% |
| 1970 | 37.32 % change on previous year | +73.0% |
| 1971 | 13.76 % change on previous year | -63.1% |
| 1972 | 20.37 % change on previous year | +48.1% |
| 1973 | 70.42 % change on previous year | +245.6% |
| 1974 | 1.89 % change on previous year | -97.3% |
| 1975 | 0.8896 % change on previous year | -52.9% |
| 1976 | 32.23 % change on previous year | +3523.2% |
| 1977 | 38.32 % change on previous year | +18.9% |
| 1978 | -2.33 % change on previous year | -106.1% |
| 1979 | 1.52 % change on previous year | -165.1% |
| 1980 | 24.14 % change on previous year | +1492.4% |
| 1981 | -5.12 % change on previous year | -121.2% |
| 1982 | -10.83 % change on previous year | +111.7% |
| 1983 | 10.33 % change on previous year | -195.4% |
| 1984 | -6.75 % change on previous year | -165.3% |
| 1985 | 17.54 % change on previous year | -359.9% |
| 1986 | 35.06 % change on previous year | +99.9% |
| 1987 | 40.53 % change on previous year | +15.6% |
| 1988 | 0.5751 % change on previous year | -98.6% |
| 1989 | -0.0776 % change on previous year | -113.5% |
| 1990 | 8.47 % change on previous year | -11013.7% |
| 1991 | 3.49 % change on previous year | -58.8% |
| 1992 | 11.82 % change on previous year | +238.5% |
| 1993 | -13.55 % change on previous year | -214.6% |
| 1994 | -14.55 % change on previous year | +7.4% |
| 1995 | 0.4529 % change on previous year | -103.1% |
| 1996 | 16.82 % change on previous year | +3614.2% |
| 1997 | -0.3207 % change on previous year | -101.9% |
| 1998 | 2.77 % change on previous year | -962.3% |
| 1999 | -14.5 % change on previous year | -624.2% |
| 2000 | 45.03 % change on previous year | -410.6% |
| 2001 | 10.33 % change on previous year | -77.1% |
| 2002 | 3.81 % change on previous year | -63.2% |
| 2003 | 10.55 % change on previous year | +177.2% |
| 2004 | 3.56 % change on previous year | -66.2% |
| 2005 | -3 % change on previous year | -184.3% |
| 2006 | 4.53 % change on previous year | -251.1% |
| 2007 | 18.05 % change on previous year | +298.3% |
| 2008 | 14.57 % change on previous year | -19.3% |
| 2009 | -10.44 % change on previous year | -171.6% |
| 2010 | 14.89 % change on previous year | -242.6% |
| 2011 | 15 % change on previous year | +0.7% |
| 2012 | -4.06 % change on previous year | -127.1% |
| 2013 | 17.47 % change on previous year | -530.5% |
| 2014 | 14.73 % change on previous year | -15.7% |
| 2015 | -3.85 % change on previous year | -126.2% |
| 2016 | 12.16 % change on previous year | -415.8% |
| 2017 | 8.16 % change on previous year | -32.9% |
| 2018 | -1.91 % change on previous year | -123.4% |
| 2019 | 10.1 % change on previous year | -628.6% |
| 2020 | -11.83 % change on previous year | -217.2% |
| 2021 | 9.09 % change on previous year | -176.8% |
| 2022 | 34.29 % change on previous year | +277.2% |
| 2023 | 10.76 % change on previous year | -68.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 10.76 % change on previous year is above the median for high income countries, which is -3.99 % change on previous year. (74 countries reporting)
- Faroe Islands's 10.76 % change on previous year is above the median for Europe & Central Asia, which is 1.49 % change on previous year, 7.2× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) … annual in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +11013.7% | -0.0776 % change on previous year | 8.47 % change on previous year |
| 1996 | +3614.2% | 0.4529 % change on previous year | 16.82 % change on previous year |
| 1976 | +3523.2% | 0.8896 % change on previous year | 32.23 % change on previous year |
| 1980 | +1492.4% | 1.52 % change on previous year | 24.14 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.14 % change on previous year | -20.59 % change on previous year | 85.71 % change on previous year | 6 |
| 1970s | 21.44 % change on previous year | -2.33 % change on previous year | 70.42 % change on previous year | 10 |
| 1980s | 10.54 % change on previous year | -10.83 % change on previous year | 40.53 % change on previous year | 10 |
| 1990s | 0.0915 % change on previous year | -14.55 % change on previous year | 16.82 % change on previous year | 10 |
| 2000s | 9.7 % change on previous year | -10.44 % change on previous year | 45.03 % change on previous year | 10 |
| 2010s | 8.27 % change on previous year | -4.06 % change on previous year | 17.47 % change on previous year | 10 |
| 2020s | 10.58 % change on previous year | -11.83 % change on previous year | 34.29 % change on previous year | 4 |
Countries ranked near Faroe Islands
- 23 Costa Rica 15.54 % change on previous year compare
- 24 Bahamas 13.76 % change on previous year compare
- 25 Guam 12.06 % change on previous year compare
- 27 Peru 10.74 % change on previous year compare
- 28 Niger 10.46 % change on previous year compare
- 29 Greenland 9.15 % change on previous year 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 merchandise exports by the reporting economy (current us$), annual in Faroe Islands?
- Merchandise exports by the reporting economy (current us$), annual in Faroe Islands was 10.76 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise exports by the reporting economy (current us$), annual recorded in Faroe Islands?
- The highest recorded value was 85.71 % change on previous year in 1963.
- What is the lowest merchandise exports by the reporting economy (current us$), annual recorded in Faroe Islands?
- The lowest recorded value was -20.59 % change on previous year in 1968.
- How does Faroe Islands rank for merchandise exports by the reporting economy (current us$), annual?
- Faroe Islands ranks 26th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy (current us$), annual rising or falling in Faroe Islands?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Merchandise exports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Merchandise exports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise exports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.