How does Faroe Islands rank for merchandise exports by the reporting economy (current us$), per unit?

Faroe Islands ranks 20th out of 202 countries with data for 2023.

Is merchandise exports by the reporting economy (current us$), per unit rising or falling in Faroe Islands?

Over the last ten years it is up 41.1%. The long-run trend across the full record is rising.

Merchandise exports by the reporting economy (current US$), per unit in Faroe Islands

Name: Merchandise exports by the reporting economy (current US$), per unit in Faroe Islands
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Faroe Islands: Merchandise exports by the reporting economy (current US$), per unit was 0.5951 current US$ per US$ of GDP in 2023. ▲ Rising

Latest (2023)

0.5951 current US$ per US$ of GDP

Change on year

up 1.5%

World rank

20th

of 202 countries

All-time high

0.5951 current US$ per US$ of GDP

in 2023

All-time low

0.2894 current US$ per US$ of GDP

in 1999

Years of data

1965–2023

Merchandise exports by the reporting economy (current US$), per unit in Faroe Islands, 1965–2023

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

Faroe Islands recorded 0.5951 current US$ per US$ of GDP for merchandise exports by the reporting economy (current us$), per unit in 2023. That is the highest value across all 59 years on record.

That represents a change of up 1.5% on the previous year and up 41.1% over ten years.

Over the whole period, merchandise exports by the reporting economy (current us$), per unit in Faroe Islands peaked at 0.5951 current US$ per US$ of GDP in 2023 and was at its lowest, 0.2894 current US$ per US$ of GDP, in 1999.

Faroe Islands ranks 20th of 202 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 59 years of available data.

Merchandise exports by the reporting economy (current US$), per unit in Faroe Islands, year by year

Annual values for Merchandise exports by the reporting economy (current US$), per unit of GDP in Faroe Islands, 1965 to 2023.
Year	current US$ per US$ of GDP	Change
1965	0.4314 current US$ per US$ of GDP	—
1966	0.337 current US$ per US$ of GDP	-21.9%
1967	0.3699 current US$ per US$ of GDP	+9.8%
1968	0.2984 current US$ per US$ of GDP	-19.3%
1969	0.3374 current US$ per US$ of GDP	+13.0%
1970	0.3824 current US$ per US$ of GDP	+13.4%
1971	0.3724 current US$ per US$ of GDP	-2.6%
1972	0.3727 current US$ per US$ of GDP	+0.1%
1973	0.4701 current US$ per US$ of GDP	+26.1%
1974	0.3925 current US$ per US$ of GDP	-16.5%
1975	0.3426 current US$ per US$ of GDP	-12.7%
1976	0.3809 current US$ per US$ of GDP	+11.2%
1977	0.4098 current US$ per US$ of GDP	+7.6%
1978	0.3499 current US$ per US$ of GDP	-14.6%
1979	0.315 current US$ per US$ of GDP	-10.0%
1980	0.3558 current US$ per US$ of GDP	+12.9%
1981	0.3648 current US$ per US$ of GDP	+2.5%
1982	0.3342 current US$ per US$ of GDP	-8.4%
1983	0.3365 current US$ per US$ of GDP	+0.7%
1984	0.3585 current US$ per US$ of GDP	+6.5%
1985	0.3908 current US$ per US$ of GDP	+9.0%
1986	0.3519 current US$ per US$ of GDP	-10.0%
1987	0.3843 current US$ per US$ of GDP	+9.2%
1988	0.3537 current US$ per US$ of GDP	-7.9%
1989	0.3926 current US$ per US$ of GDP	+11.0%
1990	0.3865 current US$ per US$ of GDP	-1.6%
1991	0.4227 current US$ per US$ of GDP	+9.4%
1992	0.4709 current US$ per US$ of GDP	+11.4%
1993	0.4883 current US$ per US$ of GDP	+3.7%
1994	0.4184 current US$ per US$ of GDP	-14.3%
1995	0.3538 current US$ per US$ of GDP	-15.4%
1996	0.3765 current US$ per US$ of GDP	+6.4%
1997	0.3977 current US$ per US$ of GDP	+5.6%
1998	0.3455 current US$ per US$ of GDP	-13.1%
1999	0.2894 current US$ per US$ of GDP	-16.2%
2000	0.4435 current US$ per US$ of GDP	+53.3%
2001	0.45 current US$ per US$ of GDP	+1.5%
2002	0.4251 current US$ per US$ of GDP	-5.5%
2003	0.3989 current US$ per US$ of GDP	-6.1%
2004	0.3598 current US$ per US$ of GDP	-9.8%
2005	0.342 current US$ per US$ of GDP	-4.9%
2006	0.3118 current US$ per US$ of GDP	-8.8%
2007	0.3176 current US$ per US$ of GDP	+1.8%
2008	0.3418 current US$ per US$ of GDP	+7.6%
2009	0.332 current US$ per US$ of GDP	-2.9%
2010	0.3755 current US$ per US$ of GDP	+13.1%
2011	0.4019 current US$ per US$ of GDP	+7.0%
2012	0.398 current US$ per US$ of GDP	-1.0%
2013	0.4219 current US$ per US$ of GDP	+6.0%
2014	0.4468 current US$ per US$ of GDP	+5.9%
2015	0.4864 current US$ per US$ of GDP	+8.9%
2016	0.4991 current US$ per US$ of GDP	+2.6%
2017	0.5097 current US$ per US$ of GDP	+2.1%
2018	0.4672 current US$ per US$ of GDP	-8.3%
2019	0.5021 current US$ per US$ of GDP	+7.5%
2020	0.442 current US$ per US$ of GDP	-12.0%
2021	0.4264 current US$ per US$ of GDP	-3.5%
2022	0.586 current US$ per US$ of GDP	+37.4%
2023	0.5951 current US$ per US$ of GDP	+1.5%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.3548 current US$ per US$ of GDP	0.2984 current US$ per US$ of GDP	0.4314 current US$ per US$ of GDP	5
1970s	0.3788 current US$ per US$ of GDP	0.315 current US$ per US$ of GDP	0.4701 current US$ per US$ of GDP	10
1980s	0.3623 current US$ per US$ of GDP	0.3342 current US$ per US$ of GDP	0.3926 current US$ per US$ of GDP	10
1990s	0.395 current US$ per US$ of GDP	0.2894 current US$ per US$ of GDP	0.4883 current US$ per US$ of GDP	10
2000s	0.3723 current US$ per US$ of GDP	0.3118 current US$ per US$ of GDP	0.45 current US$ per US$ of GDP	10
2010s	0.4509 current US$ per US$ of GDP	0.3755 current US$ per US$ of GDP	0.5097 current US$ per US$ of GDP	10
2020s	0.5124 current US$ per US$ of GDP	0.4264 current US$ per US$ of GDP	0.5951 current US$ per US$ of GDP	4

Countries ranked near Faroe Islands

17 Brunei Darussalam 0.6973 current US$ per US$ of GDP compare
18 Gabon 0.6534 current US$ per US$ of GDP compare
19 United Arab Emirates 0.6131 current US$ per US$ of GDP compare
21 North Macedonia 0.5673 current US$ per US$ of GDP compare
22 Thailand 0.5422 current US$ per US$ of GDP compare
23 Lithuania 0.5323 current US$ per US$ of GDP compare

See the full ranking of 249 places →

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)

All data for Faroe Islands →

Frequently asked questions

What is merchandise exports by the reporting economy (current us$), per unit in Faroe Islands?: Merchandise exports by the reporting economy (current us$), per unit in Faroe Islands was 0.5951 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest merchandise exports by the reporting economy (current us$), per unit recorded in Faroe Islands?: The highest recorded value was 0.5951 current US$ per US$ of GDP in 2023.
What is the lowest merchandise exports by the reporting economy (current us$), per unit recorded in Faroe Islands?: The lowest recorded value was 0.2894 current US$ per US$ of GDP in 1999.
How does Faroe Islands rank for merchandise exports by the reporting economy (current us$), per unit?: Faroe Islands ranks 20th out of 202 countries with data for 2023.
Is merchandise exports by the reporting economy (current us$), per unit rising or falling in Faroe Islands?: Over the last ten years it is up 41.1%. The long-run trend across the full record is rising.
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 unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise exports by the reporting economy (current US$), per unit in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 08 September 2026, from https://private-sector.statizoid.com/stat/merchandise-exports-by-the-reporting-economy-current-us-per-unit-of-gdp/faroe-islands/

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How this figure is calculated

Merchandise exports by the reporting economy (current US$) divided by GDP (current US$), 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$) ÷ GDP (current US$)

Computed from

Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
GDP Country official statistics, National Statistical Organizations and/or Central Banks

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

Indicator: Merchandise exports by the reporting economy (current US$), per unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 249 places, 12,888 data points, 1960–2023
Last refreshed: 21 August 2026

Merchandise exports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.