Merchandise exports by the reporting economy (current US$), per in Faroe Islands
Faroe Islands: Merchandise exports by the reporting economy (current US$), per was 1.71 million current US$ per square kilometre in 2023. ◆ Volatile
Merchandise exports by the reporting economy (current US$), per in Faroe Islands, 1962–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for merchandise exports by the reporting economy (current us$), per in Faroe Islands is 1.71 million current US$ per square kilometre, measured in 2023. That is the highest value across all 62 years on record.
Compared with earlier readings it is up 10.8% on the previous year and up 110.7% over ten years.
Over the whole period, merchandise exports by the reporting economy (current us$), per in Faroe Islands peaked at 1.71 million current US$ per square kilometre in 2023 and was at its lowest, 501.43 current US$ per square kilometre, in 1962.
Faroe Islands ranks 31st of 204 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$), per in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1962 | 501.43 current US$ per square kilometre | — |
| 1963 | 931.23 current US$ per square kilometre | +85.7% |
| 1964 | 13,324 current US$ per square kilometre | +1330.8% |
| 1965 | 17,908 current US$ per square kilometre | +34.4% |
| 1966 | 15,544 current US$ per square kilometre | -13.2% |
| 1967 | 17,550 current US$ per square kilometre | +12.9% |
| 1968 | 13,936 current US$ per square kilometre | -20.6% |
| 1969 | 16,943 current US$ per square kilometre | +21.6% |
| 1970 | 23,267 current US$ per square kilometre | +37.3% |
| 1971 | 26,468 current US$ per square kilometre | +13.8% |
| 1972 | 31,860 current US$ per square kilometre | +20.4% |
| 1973 | 54,296 current US$ per square kilometre | +70.4% |
| 1974 | 55,322 current US$ per square kilometre | +1.9% |
| 1975 | 55,814 current US$ per square kilometre | +0.9% |
| 1976 | 73,803 current US$ per square kilometre | +32.2% |
| 1977 | 102,086 current US$ per square kilometre | +38.3% |
| 1978 | 99,711 current US$ per square kilometre | -2.3% |
| 1979 | 101,222 current US$ per square kilometre | +1.5% |
| 1980 | 125,655 current US$ per square kilometre | +24.1% |
| 1981 | 119,228 current US$ per square kilometre | -5.1% |
| 1982 | 106,319 current US$ per square kilometre | -10.8% |
| 1983 | 117,304 current US$ per square kilometre | +10.3% |
| 1984 | 109,388 current US$ per square kilometre | -6.7% |
| 1985 | 128,571 current US$ per square kilometre | +17.5% |
| 1986 | 173,642 current US$ per square kilometre | +35.1% |
| 1987 | 244,023 current US$ per square kilometre | +40.5% |
| 1988 | 245,426 current US$ per square kilometre | +0.6% |
| 1989 | 245,236 current US$ per square kilometre | -0.1% |
| 1990 | 266,015 current US$ per square kilometre | +8.5% |
| 1991 | 275,307 current US$ per square kilometre | +3.5% |
| 1992 | 307,860 current US$ per square kilometre | +11.8% |
| 1993 | 266,155 current US$ per square kilometre | -13.5% |
| 1994 | 227,427 current US$ per square kilometre | -14.6% |
| 1995 | 228,457 current US$ per square kilometre | +0.5% |
| 1996 | 266,890 current US$ per square kilometre | +16.8% |
| 1997 | 266,034 current US$ per square kilometre | -0.3% |
| 1998 | 273,392 current US$ per square kilometre | +2.8% |
| 1999 | 233,755 current US$ per square kilometre | -14.5% |
| 2000 | 339,024 current US$ per square kilometre | +45.0% |
| 2001 | 374,037 current US$ per square kilometre | +10.3% |
| 2002 | 388,271 current US$ per square kilometre | +3.8% |
| 2003 | 429,225 current US$ per square kilometre | +10.5% |
| 2004 | 444,505 current US$ per square kilometre | +3.6% |
| 2005 | 431,170 current US$ per square kilometre | -3.0% |
| 2006 | 450,713 current US$ per square kilometre | +4.5% |
| 2007 | 532,071 current US$ per square kilometre | +18.1% |
| 2008 | 609,592 current US$ per square kilometre | +14.6% |
| 2009 | 545,975 current US$ per square kilometre | -10.4% |
| 2010 | 627,251 current US$ per square kilometre | +14.9% |
| 2011 | 721,325 current US$ per square kilometre | +15.0% |
| 2012 | 692,043 current US$ per square kilometre | -4.1% |
| 2013 | 812,973 current US$ per square kilometre | +17.5% |
| 2014 | 932,729 current US$ per square kilometre | +14.7% |
| 2015 | 896,798 current US$ per square kilometre | -3.9% |
| 2016 | 1.01 million current US$ per square kilometre | +12.2% |
| 2017 | 1.09 million current US$ per square kilometre | +8.2% |
| 2018 | 1.07 million current US$ per square kilometre | -1.9% |
| 2019 | 1.17 million current US$ per square kilometre | +10.1% |
| 2020 | 1.06 million current US$ per square kilometre | -9.9% |
| 2021 | 1.15 million current US$ per square kilometre | +8.8% |
| 2022 | 1.55 million current US$ per square kilometre | +34.3% |
| 2023 | 1.71 million current US$ per square kilometre | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12,080 current US$ per square kilometre | 501.43 current US$ per square kilometre | 17,908 current US$ per square kilometre | 8 |
| 1970s | 62,385 current US$ per square kilometre | 23,267 current US$ per square kilometre | 102,086 current US$ per square kilometre | 10 |
| 1980s | 161,479 current US$ per square kilometre | 106,319 current US$ per square kilometre | 245,426 current US$ per square kilometre | 10 |
| 1990s | 261,129 current US$ per square kilometre | 227,427 current US$ per square kilometre | 307,860 current US$ per square kilometre | 10 |
| 2000s | 454,458 current US$ per square kilometre | 339,024 current US$ per square kilometre | 609,592 current US$ per square kilometre | 10 |
| 2010s | 901,908 current US$ per square kilometre | 627,251 current US$ per square kilometre | 1.17 million current US$ per square kilometre | 10 |
| 2020s | 1.37 million current US$ per square kilometre | 1.06 million current US$ per square kilometre | 1.71 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 28 Brunei Darussalam 2.00 million current US$ per square kilometre compare
- 29 Japan 1.97 million current US$ per square kilometre compare
- 30 Hungary 1.73 million current US$ per square kilometre compare
- 32 Trinidad and Tobago 1.48 million current US$ per square kilometre compare
- 33 Poland 1.24 million current US$ per square kilometre compare
- 34 Seychelles 1.19 million current US$ per square kilometre 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy (current us$), per in Faroe Islands?
- Merchandise exports by the reporting economy (current us$), per in Faroe Islands was 1.71 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest merchandise exports by the reporting economy (current us$), per recorded in Faroe Islands?
- The highest recorded value was 1.71 million current US$ per square kilometre in 2023.
- What is the lowest merchandise exports by the reporting economy (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 501.43 current US$ per square kilometre in 1962.
- How does Faroe Islands rank for merchandise exports by the reporting economy (current us$), per?
- Faroe Islands ranks 31st out of 204 countries with data for 2023.
- Is merchandise exports by the reporting economy (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 110.7%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Merchandise exports by the reporting economy (current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise exports by the reporting economy (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.