Merchandise exports by the reporting economy (current US$), per capita in Faroe Islands
Faroe Islands: Merchandise exports by the reporting economy (current US$), per capita was 43,136 current US$ per person in 2023. ◆ Volatile
Merchandise exports by the reporting economy (current US$), per capita in Faroe Islands, 1962–2023
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for merchandise exports by the reporting economy (current us$), per capita in Faroe Islands is 43,136 current US$ per person, measured in 2023. That is the highest value across all 62 years on record.
That represents a change of up 9.7% on the previous year and up 83.4% over ten years.
Over the whole period, merchandise exports by the reporting economy (current us$), per capita in Faroe Islands peaked at 43,136 current US$ per person in 2023 and was at its lowest, 20.02 current US$ per person, in 1962.
That places Faroe Islands 6th out of 206 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1962 | 20.02 current US$ per person | — |
| 1963 | 36.73 current US$ per person | +83.5% |
| 1964 | 518.87 current US$ per person | +1312.6% |
| 1965 | 687.82 current US$ per person | +32.6% |
| 1966 | 589.42 current US$ per person | -14.3% |
| 1967 | 658.57 current US$ per person | +11.7% |
| 1968 | 517.97 current US$ per person | -21.3% |
| 1969 | 623.97 current US$ per person | +20.5% |
| 1970 | 848.75 current US$ per person | +36.0% |
| 1971 | 954.68 current US$ per person | +12.5% |
| 1972 | 1,135 current US$ per person | +18.9% |
| 1973 | 1,912 current US$ per person | +68.4% |
| 1974 | 1,926 current US$ per person | +0.7% |
| 1975 | 1,921 current US$ per person | -0.3% |
| 1976 | 2,512 current US$ per person | +30.8% |
| 1977 | 3,437 current US$ per person | +36.8% |
| 1978 | 3,317 current US$ per person | -3.5% |
| 1979 | 3,323 current US$ per person | +0.2% |
| 1980 | 4,073 current US$ per person | +22.6% |
| 1981 | 3,815 current US$ per person | -6.3% |
| 1982 | 3,360 current US$ per person | -11.9% |
| 1983 | 3,666 current US$ per person | +9.1% |
| 1984 | 3,383 current US$ per person | -7.7% |
| 1985 | 3,927 current US$ per person | +16.1% |
| 1986 | 5,255 current US$ per person | +33.8% |
| 1987 | 7,294 current US$ per person | +38.8% |
| 1988 | 7,235 current US$ per person | -0.8% |
| 1989 | 7,138 current US$ per person | -1.3% |
| 1990 | 7,779 current US$ per person | +9.0% |
| 1991 | 8,100 current US$ per person | +4.1% |
| 1992 | 9,089 current US$ per person | +12.2% |
| 1993 | 7,995 current US$ per person | -12.0% |
| 1994 | 7,103 current US$ per person | -11.2% |
| 1995 | 7,313 current US$ per person | +2.9% |
| 1996 | 8,549 current US$ per person | +16.9% |
| 1997 | 8,415 current US$ per person | -1.6% |
| 1998 | 8,543 current US$ per person | +1.5% |
| 1999 | 7,228 current US$ per person | -15.4% |
| 2000 | 10,344 current US$ per person | +43.1% |
| 2001 | 11,197 current US$ per person | +8.2% |
| 2002 | 11,451 current US$ per person | +2.3% |
| 2003 | 12,475 current US$ per person | +8.9% |
| 2004 | 12,825 current US$ per person | +2.8% |
| 2005 | 12,447 current US$ per person | -2.9% |
| 2006 | 13,017 current US$ per person | +4.6% |
| 2007 | 15,354 current US$ per person | +17.9% |
| 2008 | 17,529 current US$ per person | +14.2% |
| 2009 | 15,622 current US$ per person | -10.9% |
| 2010 | 17,997 current US$ per person | +15.2% |
| 2011 | 20,744 current US$ per person | +15.3% |
| 2012 | 20,006 current US$ per person | -3.6% |
| 2013 | 23,524 current US$ per person | +17.6% |
| 2014 | 26,888 current US$ per person | +14.3% |
| 2015 | 25,603 current US$ per person | -4.8% |
| 2016 | 28,389 current US$ per person | +10.9% |
| 2017 | 30,267 current US$ per person | +6.6% |
| 2018 | 29,213 current US$ per person | -3.5% |
| 2019 | 31,670 current US$ per person | +8.4% |
| 2020 | 27,514 current US$ per person | -13.1% |
| 2021 | 29,604 current US$ per person | +7.6% |
| 2022 | 39,304 current US$ per person | +32.8% |
| 2023 | 43,136 current US$ per person | +9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 456.67 current US$ per person | 20.02 current US$ per person | 687.82 current US$ per person | 8 |
| 1970s | 2,129 current US$ per person | 848.75 current US$ per person | 3,437 current US$ per person | 10 |
| 1980s | 4,915 current US$ per person | 3,360 current US$ per person | 7,294 current US$ per person | 10 |
| 1990s | 8,011 current US$ per person | 7,103 current US$ per person | 9,089 current US$ per person | 10 |
| 2000s | 13,226 current US$ per person | 10,344 current US$ per person | 17,529 current US$ per person | 10 |
| 2010s | 25,430 current US$ per person | 17,997 current US$ per person | 31,670 current US$ per person | 10 |
| 2020s | 34,889 current US$ per person | 27,514 current US$ per person | 43,136 current US$ per person | 4 |
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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy (current us$), per capita in Faroe Islands?
- Merchandise exports by the reporting economy (current us$), per capita in Faroe Islands was 43,136 current US$ per person in 2023, according to Statizoid (derived).
- What is the highest merchandise exports by the reporting economy (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 43,136 current US$ per person in 2023.
- What is the lowest merchandise exports by the reporting economy (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 20.02 current US$ per person in 1962.
- How does Faroe Islands rank for merchandise exports by the reporting economy (current us$), per capita?
- Faroe Islands ranks 6th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 83.4%. 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$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise exports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise exports by the reporting economy (current US$) ÷ Population, total
Computed from
- Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise exports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.