Merchandise imports by the reporting economy (current US$), gaps in Faroe Islands
Faroe Islands: Merchandise imports by the reporting economy (current US$), gaps was 1.93 billion current US$ in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), gaps in Faroe Islands, 1962–2023
Source: Statizoid (derived). Measured in current US$.
Analysis
The most recent figure for merchandise imports by the reporting economy (current us$), gaps in Faroe Islands is 1.93 billion current US$, measured in 2023.
That represents a change of down 1.4% on the previous year and up 56.2% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), gaps in Faroe Islands peaked at 1.96 billion current US$ in 2022 and was at its lowest, 100,000 current US$, in 1962.
Faroe Islands ranks 167th of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), gaps in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1962 | 100,000 current US$ | — |
| 1963 | 19.80 million current US$ | +19700.0% |
| 1964 | 22.00 million current US$ | +11.1% |
| 1965 | 26.10 million current US$ | +18.6% |
| 1966 | 28.10 million current US$ | +7.7% |
| 1967 | 26.50 million current US$ | -5.7% |
| 1968 | 28.48 million current US$ | +7.5% |
| 1969 | 30.96 million current US$ | +8.7% |
| 1970 | 30.36 million current US$ | -2.0% |
| 1971 | 40.13 million current US$ | +32.2% |
| 1972 | 45.70 million current US$ | +13.9% |
| 1973 | 66.67 million current US$ | +45.9% |
| 1974 | 99.41 million current US$ | +49.1% |
| 1975 | 113.04 million current US$ | +13.7% |
| 1976 | 130.71 million current US$ | +15.6% |
| 1977 | 151.74 million current US$ | +16.1% |
| 1978 | 183.22 million current US$ | +20.7% |
| 1979 | 204.49 million current US$ | +11.6% |
| 1980 | 222.50 million current US$ | +8.8% |
| 1981 | 213.81 million current US$ | -3.9% |
| 1982 | 196.49 million current US$ | -8.1% |
| 1983 | 237.20 million current US$ | +20.7% |
| 1984 | 260.27 million current US$ | +9.7% |
| 1985 | 250.65 million current US$ | -3.7% |
| 1986 | 323.19 million current US$ | +28.9% |
| 1987 | 504.43 million current US$ | +56.1% |
| 1988 | 464.33 million current US$ | -7.9% |
| 1989 | 336.07 million current US$ | -27.6% |
| 1990 | 325.89 million current US$ | -3.0% |
| 1991 | 287.11 million current US$ | -11.9% |
| 1992 | 326.17 million current US$ | +13.6% |
| 1993 | 246.35 million current US$ | -24.5% |
| 1994 | 232.16 million current US$ | -5.8% |
| 1995 | 247.71 million current US$ | +6.7% |
| 1996 | 300.59 million current US$ | +21.3% |
| 1997 | 338.98 million current US$ | +12.8% |
| 1998 | 357.44 million current US$ | +5.4% |
| 1999 | 411.88 million current US$ | +15.2% |
| 2000 | 526.17 million current US$ | +27.8% |
| 2001 | 498.14 million current US$ | -5.3% |
| 2002 | 488.26 million current US$ | -2.0% |
| 2003 | 736.67 million current US$ | +50.9% |
| 2004 | 625.71 million current US$ | -15.1% |
| 2005 | 765.29 million current US$ | +22.3% |
| 2006 | 779.85 million current US$ | +1.9% |
| 2007 | 1.01 billion current US$ | +29.8% |
| 2008 | 983.00 million current US$ | -2.9% |
| 2009 | 780.48 million current US$ | -20.6% |
| 2010 | 1.01 billion current US$ | +29.1% |
| 2011 | 1.12 billion current US$ | +11.3% |
| 2012 | 1.30 billion current US$ | +16.0% |
| 2013 | 1.24 billion current US$ | -5.0% |
| 2014 | 1.28 billion current US$ | +3.2% |
| 2015 | 1.22 billion current US$ | -4.5% |
| 2016 | 1.16 billion current US$ | -4.9% |
| 2017 | 1.19 billion current US$ | +2.5% |
| 2018 | 1.29 billion current US$ | +9.0% |
| 2019 | 1.38 billion current US$ | +6.8% |
| 2020 | 1.39 billion current US$ | +0.9% |
| 2021 | 1.52 billion current US$ | +9.0% |
| 2022 | 1.96 billion current US$ | +28.9% |
| 2023 | 1.93 billion current US$ | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.76 million current US$ | 100,000 current US$ | 30.96 million current US$ | 8 |
| 1970s | 106.55 million current US$ | 30.36 million current US$ | 204.49 million current US$ | 10 |
| 1980s | 300.89 million current US$ | 196.49 million current US$ | 504.43 million current US$ | 10 |
| 1990s | 307.43 million current US$ | 232.16 million current US$ | 411.88 million current US$ | 10 |
| 2000s | 719.58 million current US$ | 488.26 million current US$ | 1.01 billion current US$ | 10 |
| 2010s | 1.22 billion current US$ | 1.01 billion current US$ | 1.38 billion current US$ | 10 |
| 2020s | 1.70 billion current US$ | 1.39 billion current US$ | 1.96 billion current US$ | 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), gaps in Faroe Islands?
- Merchandise imports by the reporting economy (current us$), gaps in Faroe Islands was 1.93 billion current US$ in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), gaps recorded in Faroe Islands?
- The highest recorded value was 1.96 billion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), gaps recorded in Faroe Islands?
- The lowest recorded value was 100,000 current US$ in 1962.
- How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), gaps?
- Faroe Islands ranks 167th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), gaps rising or falling in Faroe Islands?
- Over the last ten years it is up 56.2%. 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$), gaps filled. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Merchandise imports by the reporting economy (current US$) with 55 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Merchandise imports by the reporting economy (current US$) with 55 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.