Merchandise imports by the reporting economy (current US$), annual in Faroe Islands
Faroe Islands: Merchandise imports by the reporting economy (current US$), annual was -1.4 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Faroe Islands, 1964–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded -1.4 % change on previous year for merchandise imports by the reporting economy (current us$), annual in 2023.
That represents a change of down 104.8% on the previous year and up 72.0% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in Faroe Islands peaked at 56.08 % change on previous year in 1987 and was at its lowest, -27.62 % change on previous year, in 1989.
Faroe Islands ranks 99th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1964 | 11.11 % change on previous year | — |
| 1965 | 18.64 % change on previous year | +67.7% |
| 1966 | 7.66 % change on previous year | -58.9% |
| 1967 | -5.69 % change on previous year | -174.3% |
| 1968 | 7.46 % change on previous year | -231.0% |
| 1969 | 8.74 % change on previous year | +17.2% |
| 1970 | -1.97 % change on previous year | -122.5% |
| 1971 | 32.2 % change on previous year | -1737.1% |
| 1972 | 13.88 % change on previous year | -56.9% |
| 1973 | 45.89 % change on previous year | +230.5% |
| 1974 | 49.11 % change on previous year | +7.0% |
| 1975 | 13.71 % change on previous year | -72.1% |
| 1976 | 15.64 % change on previous year | +14.1% |
| 1977 | 16.08 % change on previous year | +2.8% |
| 1978 | 20.75 % change on previous year | +29.0% |
| 1979 | 11.61 % change on previous year | -44.0% |
| 1980 | 8.81 % change on previous year | -24.1% |
| 1981 | -3.91 % change on previous year | -144.4% |
| 1982 | -8.1 % change on previous year | +107.2% |
| 1983 | 20.72 % change on previous year | -355.8% |
| 1984 | 9.73 % change on previous year | -53.1% |
| 1985 | -3.7 % change on previous year | -138.0% |
| 1986 | 28.94 % change on previous year | -882.7% |
| 1987 | 56.08 % change on previous year | +93.7% |
| 1988 | -7.95 % change on previous year | -114.2% |
| 1989 | -27.62 % change on previous year | +247.5% |
| 1990 | -3.03 % change on previous year | -89.0% |
| 1991 | -11.9 % change on previous year | +292.8% |
| 1992 | 13.6 % change on previous year | -214.3% |
| 1993 | -24.47 % change on previous year | -279.9% |
| 1994 | -5.76 % change on previous year | -76.5% |
| 1995 | 6.7 % change on previous year | -216.3% |
| 1996 | 21.35 % change on previous year | +218.5% |
| 1997 | 12.77 % change on previous year | -40.2% |
| 1998 | 5.44 % change on previous year | -57.4% |
| 1999 | 15.23 % change on previous year | +179.7% |
| 2000 | 27.75 % change on previous year | +82.2% |
| 2001 | -5.33 % change on previous year | -119.2% |
| 2002 | -1.98 % change on previous year | -62.7% |
| 2003 | 50.88 % change on previous year | -2663.4% |
| 2004 | -15.06 % change on previous year | -129.6% |
| 2005 | 22.31 % change on previous year | -248.1% |
| 2006 | 1.9 % change on previous year | -91.5% |
| 2007 | 29.79 % change on previous year | +1465.6% |
| 2008 | -2.88 % change on previous year | -109.7% |
| 2009 | -20.6 % change on previous year | +614.4% |
| 2010 | 29.08 % change on previous year | -241.1% |
| 2011 | 11.28 % change on previous year | -61.2% |
| 2012 | 16.04 % change on previous year | +42.1% |
| 2013 | -4.99 % change on previous year | -131.1% |
| 2014 | 3.19 % change on previous year | -163.8% |
| 2015 | -4.5 % change on previous year | -241.1% |
| 2016 | -4.95 % change on previous year | +10.0% |
| 2017 | 2.5 % change on previous year | -150.6% |
| 2018 | 8.96 % change on previous year | +258.1% |
| 2019 | 6.83 % change on previous year | -23.7% |
| 2020 | 0.8709 % change on previous year | -87.2% |
| 2021 | 8.99 % change on previous year | +932.0% |
| 2022 | 28.9 % change on previous year | +221.5% |
| 2023 | -1.4 % change on previous year | -104.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.99 % change on previous year | -5.69 % change on previous year | 18.64 % change on previous year | 6 |
| 1970s | 21.69 % change on previous year | -1.97 % change on previous year | 49.11 % change on previous year | 10 |
| 1980s | 7.3 % change on previous year | -27.62 % change on previous year | 56.08 % change on previous year | 10 |
| 1990s | 2.99 % change on previous year | -24.47 % change on previous year | 21.35 % change on previous year | 10 |
| 2000s | 8.68 % change on previous year | -20.6 % change on previous year | 50.88 % change on previous year | 10 |
| 2010s | 6.34 % change on previous year | -4.99 % change on previous year | 29.08 % change on previous year | 10 |
| 2020s | 9.34 % change on previous year | -1.4 % change on previous year | 28.9 % change on previous year | 4 |
Countries ranked near Faroe Islands
- 96 Mexico -1.04 % change on previous year compare
- 97 Czechia -1.13 % change on previous year compare
- 98 Bahrain -1.35 % change on previous year compare
- 100 Honduras -1.68 % change on previous year compare
- 101 Jamaica -1.82 % change on previous year compare
- 102 Canada -1.96 % change on previous year 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Faroe Islands?
- Merchandise imports by the reporting economy (current us$), annual in Faroe Islands was -1.4 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Faroe Islands?
- The highest recorded value was 56.08 % change on previous year in 1987.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in Faroe Islands?
- The lowest recorded value was -27.62 % change on previous year in 1989.
- How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), annual?
- Faroe Islands ranks 99th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Faroe Islands?
- Over the last ten years it is up 72.0%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.