Merchandise imports by the reporting economy (current US$), per capita in Faroe Islands
Faroe Islands: Merchandise imports by the reporting economy (current US$), per capita was 35,479 current US$ per person in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), per capita in Faroe Islands, 1962–2023
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), per capita in Faroe Islands stood at 35,479 current US$ per person.
The figure is down 2.3% on the previous year and up 38.5% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per capita in Faroe Islands peaked at 36,313 current US$ per person in 2022 and was at its lowest, 2.86 current US$ per person, in 1962.
Faroe Islands ranks 10th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1962 | 2.86 current US$ per person | — |
| 1963 | 559.46 current US$ per person | +19460.5% |
| 1964 | 613.72 current US$ per person | +9.7% |
| 1965 | 718.08 current US$ per person | +17.0% |
| 1966 | 763.25 current US$ per person | +6.3% |
| 1967 | 712.33 current US$ per person | -6.7% |
| 1968 | 758.15 current US$ per person | +6.4% |
| 1969 | 816.87 current US$ per person | +7.7% |
| 1970 | 793.23 current US$ per person | -2.9% |
| 1971 | 1,037 current US$ per person | +30.7% |
| 1972 | 1,167 current US$ per person | +12.5% |
| 1973 | 1,682 current US$ per person | +44.2% |
| 1974 | 2,479 current US$ per person | +47.4% |
| 1975 | 2,786 current US$ per person | +12.4% |
| 1976 | 3,187 current US$ per person | +14.4% |
| 1977 | 3,659 current US$ per person | +14.8% |
| 1978 | 4,366 current US$ per person | +19.3% |
| 1979 | 4,809 current US$ per person | +10.2% |
| 1980 | 5,166 current US$ per person | +7.4% |
| 1981 | 4,901 current US$ per person | -5.1% |
| 1982 | 4,448 current US$ per person | -9.2% |
| 1983 | 5,310 current US$ per person | +19.4% |
| 1984 | 5,766 current US$ per person | +8.6% |
| 1985 | 5,484 current US$ per person | -4.9% |
| 1986 | 7,006 current US$ per person | +27.8% |
| 1987 | 10,801 current US$ per person | +54.2% |
| 1988 | 9,805 current US$ per person | -9.2% |
| 1989 | 7,008 current US$ per person | -28.5% |
| 1990 | 6,826 current US$ per person | -2.6% |
| 1991 | 6,051 current US$ per person | -11.4% |
| 1992 | 6,898 current US$ per person | +14.0% |
| 1993 | 5,301 current US$ per person | -23.2% |
| 1994 | 5,194 current US$ per person | -2.0% |
| 1995 | 5,680 current US$ per person | +9.4% |
| 1996 | 6,897 current US$ per person | +21.4% |
| 1997 | 7,681 current US$ per person | +11.4% |
| 1998 | 8,001 current US$ per person | +4.2% |
| 1999 | 9,123 current US$ per person | +14.0% |
| 2000 | 11,500 current US$ per person | +26.1% |
| 2001 | 10,682 current US$ per person | -7.1% |
| 2002 | 10,315 current US$ per person | -3.4% |
| 2003 | 15,337 current US$ per person | +48.7% |
| 2004 | 12,932 current US$ per person | -15.7% |
| 2005 | 15,825 current US$ per person | +22.4% |
| 2006 | 16,134 current US$ per person | +2.0% |
| 2007 | 20,922 current US$ per person | +29.7% |
| 2008 | 20,248 current US$ per person | -3.2% |
| 2009 | 15,997 current US$ per person | -21.0% |
| 2010 | 20,705 current US$ per person | +29.4% |
| 2011 | 23,095 current US$ per person | +11.5% |
| 2012 | 26,939 current US$ per person | +16.6% |
| 2013 | 25,618 current US$ per person | -4.9% |
| 2014 | 26,335 current US$ per person | +2.8% |
| 2015 | 24,909 current US$ per person | -5.4% |
| 2016 | 23,406 current US$ per person | -6.0% |
| 2017 | 23,649 current US$ per person | +1.0% |
| 2018 | 25,354 current US$ per person | +7.2% |
| 2019 | 26,671 current US$ per person | +5.2% |
| 2020 | 26,508 current US$ per person | -0.6% |
| 2021 | 28,495 current US$ per person | +7.5% |
| 2022 | 36,313 current US$ per person | +27.4% |
| 2023 | 35,479 current US$ per person | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 618.09 current US$ per person | 2.86 current US$ per person | 816.87 current US$ per person | 8 |
| 1970s | 2,596 current US$ per person | 793.23 current US$ per person | 4,809 current US$ per person | 10 |
| 1980s | 6,569 current US$ per person | 4,448 current US$ per person | 10,801 current US$ per person | 10 |
| 1990s | 6,765 current US$ per person | 5,194 current US$ per person | 9,123 current US$ per person | 10 |
| 2000s | 14,989 current US$ per person | 10,315 current US$ per person | 20,922 current US$ per person | 10 |
| 2010s | 24,668 current US$ per person | 20,705 current US$ per person | 26,939 current US$ per person | 10 |
| 2020s | 31,699 current US$ per person | 26,508 current US$ per person | 36,313 current US$ per person | 4 |
Countries ranked near Faroe Islands
- 7 Switzerland 40,956 current US$ per person compare
- 8 Luxembourg 39,345 current US$ per person compare
- 9 United Arab Emirates 37,372 current US$ per person compare
- 11 Slovenia 33,659 current US$ per person compare
- 12 Ireland 28,265 current US$ per person compare
- 13 Sint Maarten (Dutch part) 27,424 current US$ per person 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), per capita in Faroe Islands?
- Merchandise imports by the reporting economy (current us$), per capita in Faroe Islands was 35,479 current US$ per person in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 36,313 current US$ per person in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 2.86 current US$ per person in 1962.
- How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), per capita?
- Faroe Islands ranks 10th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 38.5%. 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$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports by the reporting economy (current US$) ÷ Population, total
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.