What is the highest merchandise exports (current us$), per unit of gdp recorded in Faroe Islands?

The highest recorded value was 0.49 current US$ per US$ of GDP in 1973.

What is the lowest merchandise exports (current us$), per unit of gdp recorded in Faroe Islands?

The lowest recorded value was 0.3189 current US$ per US$ of GDP in 2007.

How does Faroe Islands rank for merchandise exports (current us$), per unit of gdp?

Faroe Islands ranks 37th out of 203 countries with data for 2024.

Is merchandise exports (current us$), per unit of gdp rising or falling in Faroe Islands?

Over the last ten years it is up 15.2%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

Merchandise exports (current US$), per unit of GDP in Faroe Islands

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

Faroe Islands: Merchandise exports (current US$), per unit of GDP was 0.4389 current US$ per US$ of GDP in 2024. ▲ Rising

Latest (2024)

0.4389 current US$ per US$ of GDP

Change on year

down 6.0%

World rank

37th

of 203 countries

All-time high

0.49 current US$ per US$ of GDP

in 1973

All-time low

0.3189 current US$ per US$ of GDP

in 2007

Years of data

1965–2024

Merchandise exports (current US$), per unit of GDP in Faroe Islands, 1965–2024

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

Analysis

Faroe Islands recorded 0.4389 current US$ per US$ of GDP for merchandise exports (current us$), per unit of gdp in 2024.

That represents a change of down 6.0% on the previous year and up 15.2% over ten years.

Over the whole period, merchandise exports (current us$), per unit of gdp in Faroe Islands peaked at 0.49 current US$ per US$ of GDP in 1973 and was at its lowest, 0.3189 current US$ per US$ of GDP, in 2007.

That places Faroe Islands 37th out of 203 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 60 years of available data.

Merchandise exports (current US$), per unit of GDP in Faroe Islands, year by year

Annual values for Merchandise exports (current US$), per unit of GDP in Faroe Islands, 1965 to 2024.
Year	current US$ per US$ of GDP	Change
1965	0.4486 current US$ per US$ of GDP	—
1966	0.3416 current US$ per US$ of GDP	-23.9%
1967	0.3926 current US$ per US$ of GDP	+14.9%
1968	0.3222 current US$ per US$ of GDP	-17.9%
1969	0.3423 current US$ per US$ of GDP	+6.3%
1970	0.4003 current US$ per US$ of GDP	+16.9%
1971	0.383 current US$ per US$ of GDP	-4.3%
1972	0.3855 current US$ per US$ of GDP	+0.6%
1973	0.49 current US$ per US$ of GDP	+27.1%
1974	0.4066 current US$ per US$ of GDP	-17.0%
1975	0.3562 current US$ per US$ of GDP	-12.4%
1976	0.3882 current US$ per US$ of GDP	+9.0%
1977	0.414 current US$ per US$ of GDP	+6.7%
1978	0.3569 current US$ per US$ of GDP	-13.8%
1979	0.321 current US$ per US$ of GDP	-10.1%
1980	0.361 current US$ per US$ of GDP	+12.5%
1981	0.3704 current US$ per US$ of GDP	+2.6%
1982	0.3378 current US$ per US$ of GDP	-8.8%
1983	0.3494 current US$ per US$ of GDP	+3.4%
1984	0.3732 current US$ per US$ of GDP	+6.8%
1985	0.3897 current US$ per US$ of GDP	+4.4%
1986	0.3614 current US$ per US$ of GDP	-7.3%
1987	0.3892 current US$ per US$ of GDP	+7.7%
1988	0.3593 current US$ per US$ of GDP	-7.7%
1989	0.3968 current US$ per US$ of GDP	+10.4%
1990	0.4351 current US$ per US$ of GDP	+9.6%
1991	0.4784 current US$ per US$ of GDP	+10.0%
1992	0.481 current US$ per US$ of GDP	+0.5%
1993	0.4297 current US$ per US$ of GDP	-10.7%
1994	0.4297 current US$ per US$ of GDP	-0.0%
1995	0.4016 current US$ per US$ of GDP	-6.5%
1996	0.4204 current US$ per US$ of GDP	+4.7%
1997	0.4155 current US$ per US$ of GDP	-1.2%
1998	0.3956 current US$ per US$ of GDP	-4.8%
1999	0.415 current US$ per US$ of GDP	+4.9%
2000	0.4442 current US$ per US$ of GDP	+7.0%
2001	0.443 current US$ per US$ of GDP	-0.3%
2002	0.4204 current US$ per US$ of GDP	-5.1%
2003	0.3955 current US$ per US$ of GDP	-5.9%
2004	0.3571 current US$ per US$ of GDP	-9.7%
2005	0.3404 current US$ per US$ of GDP	-4.7%
2006	0.3226 current US$ per US$ of GDP	-5.2%
2007	0.3189 current US$ per US$ of GDP	-1.2%
2008	0.3422 current US$ per US$ of GDP	+7.3%
2009	0.3319 current US$ per US$ of GDP	-3.0%
2010	0.3598 current US$ per US$ of GDP	+8.4%
2011	0.4023 current US$ per US$ of GDP	+11.8%
2012	0.3922 current US$ per US$ of GDP	-2.5%
2013	0.4041 current US$ per US$ of GDP	+3.0%
2014	0.3809 current US$ per US$ of GDP	-5.7%
2015	0.3975 current US$ per US$ of GDP	+4.3%
2016	0.4273 current US$ per US$ of GDP	+7.5%
2017	0.446 current US$ per US$ of GDP	+4.4%
2018	0.3986 current US$ per US$ of GDP	-10.6%
2019	0.4375 current US$ per US$ of GDP	+9.8%
2020	0.3931 current US$ per US$ of GDP	-10.2%
2021	0.4319 current US$ per US$ of GDP	+9.9%
2022	0.4854 current US$ per US$ of GDP	+12.4%
2023	0.4671 current US$ per US$ of GDP	-3.8%
2024	0.4389 current US$ per US$ of GDP	-6.0%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.3695 current US$ per US$ of GDP	0.3222 current US$ per US$ of GDP	0.4486 current US$ per US$ of GDP	5
1970s	0.3902 current US$ per US$ of GDP	0.321 current US$ per US$ of GDP	0.49 current US$ per US$ of GDP	10
1980s	0.3688 current US$ per US$ of GDP	0.3378 current US$ per US$ of GDP	0.3968 current US$ per US$ of GDP	10
1990s	0.4302 current US$ per US$ of GDP	0.3956 current US$ per US$ of GDP	0.481 current US$ per US$ of GDP	10
2000s	0.3716 current US$ per US$ of GDP	0.3189 current US$ per US$ of GDP	0.4442 current US$ per US$ of GDP	10
2010s	0.4046 current US$ per US$ of GDP	0.3598 current US$ per US$ of GDP	0.446 current US$ per US$ of GDP	10
2020s	0.4433 current US$ per US$ of GDP	0.3931 current US$ per US$ of GDP	0.4854 current US$ per US$ of GDP	5

Countries ranked near Faroe Islands

34 Estonia 0.4461 current US$ per US$ of GDP compare
35 Belarus 0.4432 current US$ per US$ of GDP compare
36 American Samoa 0.4397 current US$ per US$ of GDP compare
38 Lithuania 0.4372 current US$ per US$ of GDP compare
39 Qatar 0.4118 current US$ per US$ of GDP compare
40 Ireland 0.4066 current US$ per US$ of GDP compare

See the full ranking of 250 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$), annual growth rate 15.96 % change on previous year (2025)
Merchandise imports (current US$), per capita 30,346 current US$ per person (2025)

All data for Faroe Islands →

Frequently asked questions

What is merchandise exports (current us$), per unit of gdp in Faroe Islands?: Merchandise exports (current us$), per unit of gdp in Faroe Islands was 0.4389 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest merchandise exports (current us$), per unit of gdp recorded in Faroe Islands?: The highest recorded value was 0.49 current US$ per US$ of GDP in 1973.
What is the lowest merchandise exports (current us$), per unit of gdp recorded in Faroe Islands?: The lowest recorded value was 0.3189 current US$ per US$ of GDP in 2007.
How does Faroe Islands rank for merchandise exports (current us$), per unit of gdp?: Faroe Islands ranks 37th out of 203 countries with data for 2024.
Is merchandise exports (current us$), per unit of gdp rising or falling in Faroe Islands?: Over the last ten years it is up 15.2%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise exports (current US$), per unit of GDP in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 26 August 2026, from https://private-sector.statizoid.com/stat/merchandise-exports-current-us-per-unit-of-gdp/faroe-islands/

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How this figure is calculated

Merchandise exports (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 (current US$) ÷ GDP (current US$)

Computed from

Merchandise exports World Trade Organization (WTO)
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 (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: 250 places, 13,939 data points, 1960–2025
Last refreshed: 18 August 2026

Merchandise exports (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.