Merchandise imports by the reporting economy (current US$), per in Faroe Islands
Faroe Islands: Merchandise imports by the reporting economy (current US$), per was 1.41 million current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
1.41 million current US$ per square kilometre
Change on year
down 1.4%
World rank
47th
of 204 countries
All-time high
1.43 million current US$ per square kilometre
in 2022
All-time low
71.63 current US$ per square kilometre
in 1962
Years of data
62
1962–2023
Merchandise imports by the reporting economy (current US$), per in Faroe Islands, 1962–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), per in Faroe Islands stood at 1.41 million current US$ per square kilometre.
Compared with earlier readings it is down 1.4% on the previous year and up 59.1% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per in Faroe Islands peaked at 1.43 million current US$ per square kilometre in 2022 and was at its lowest, 71.63 current US$ per square kilometre, in 1962.
That places Faroe Islands 47th out of 204 countries with data for 2023, putting it in the top 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$), per in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1962 | 71.63 current US$ per square kilometre | — |
| 1963 | 14,183 current US$ per square kilometre | +19700.0% |
| 1964 | 15,759 current US$ per square kilometre | +11.1% |
| 1965 | 18,696 current US$ per square kilometre | +18.6% |
| 1966 | 20,129 current US$ per square kilometre | +7.7% |
| 1967 | 18,983 current US$ per square kilometre | -5.7% |
| 1968 | 20,398 current US$ per square kilometre | +7.5% |
| 1969 | 22,181 current US$ per square kilometre | +8.7% |
| 1970 | 21,745 current US$ per square kilometre | -2.0% |
| 1971 | 28,746 current US$ per square kilometre | +32.2% |
| 1972 | 32,737 current US$ per square kilometre | +13.9% |
| 1973 | 47,759 current US$ per square kilometre | +45.9% |
| 1974 | 71,211 current US$ per square kilometre | +49.1% |
| 1975 | 80,972 current US$ per square kilometre | +13.7% |
| 1976 | 93,635 current US$ per square kilometre | +15.6% |
| 1977 | 108,693 current US$ per square kilometre | +16.1% |
| 1978 | 131,244 current US$ per square kilometre | +20.7% |
| 1979 | 146,480 current US$ per square kilometre | +11.6% |
| 1980 | 159,388 current US$ per square kilometre | +8.8% |
| 1981 | 153,155 current US$ per square kilometre | -3.9% |
| 1982 | 140,750 current US$ per square kilometre | -8.1% |
| 1983 | 169,915 current US$ per square kilometre | +20.7% |
| 1984 | 186,441 current US$ per square kilometre | +9.7% |
| 1985 | 179,546 current US$ per square kilometre | -3.7% |
| 1986 | 231,514 current US$ per square kilometre | +28.9% |
| 1987 | 361,339 current US$ per square kilometre | +56.1% |
| 1988 | 332,617 current US$ per square kilometre | -7.9% |
| 1989 | 240,741 current US$ per square kilometre | -27.6% |
| 1990 | 233,448 current US$ per square kilometre | -3.0% |
| 1991 | 205,666 current US$ per square kilometre | -11.9% |
| 1992 | 233,646 current US$ per square kilometre | +13.6% |
| 1993 | 176,468 current US$ per square kilometre | -24.5% |
| 1994 | 166,300 current US$ per square kilometre | -5.8% |
| 1995 | 177,445 current US$ per square kilometre | +6.7% |
| 1996 | 215,325 current US$ per square kilometre | +21.3% |
| 1997 | 242,821 current US$ per square kilometre | +12.8% |
| 1998 | 256,042 current US$ per square kilometre | +5.4% |
| 1999 | 295,039 current US$ per square kilometre | +15.2% |
| 2000 | 376,915 current US$ per square kilometre | +27.8% |
| 2001 | 356,837 current US$ per square kilometre | -5.3% |
| 2002 | 349,754 current US$ per square kilometre | -2.0% |
| 2003 | 527,699 current US$ per square kilometre | +50.9% |
| 2004 | 448,218 current US$ per square kilometre | -15.1% |
| 2005 | 548,203 current US$ per square kilometre | +22.3% |
| 2006 | 558,635 current US$ per square kilometre | +1.9% |
| 2007 | 725,064 current US$ per square kilometre | +29.8% |
| 2008 | 704,155 current US$ per square kilometre | -2.9% |
| 2009 | 559,084 current US$ per square kilometre | -20.6% |
| 2010 | 721,655 current US$ per square kilometre | +29.1% |
| 2011 | 803,073 current US$ per square kilometre | +11.3% |
| 2012 | 931,862 current US$ per square kilometre | +16.0% |
| 2013 | 885,344 current US$ per square kilometre | -5.0% |
| 2014 | 913,560 current US$ per square kilometre | +3.2% |
| 2015 | 872,486 current US$ per square kilometre | -4.5% |
| 2016 | 829,327 current US$ per square kilometre | -4.9% |
| 2017 | 850,064 current US$ per square kilometre | +2.5% |
| 2018 | 926,189 current US$ per square kilometre | +9.0% |
| 2019 | 989,448 current US$ per square kilometre | +6.8% |
| 2020 | 1.02 million current US$ per square kilometre | +3.1% |
| 2021 | 1.11 million current US$ per square kilometre | +8.7% |
| 2022 | 1.43 million current US$ per square kilometre | +28.9% |
| 2023 | 1.41 million current US$ per square kilometre | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16,300 current US$ per square kilometre | 71.63 current US$ per square kilometre | 22,181 current US$ per square kilometre | 8 |
| 1970s | 76,322 current US$ per square kilometre | 21,745 current US$ per square kilometre | 146,480 current US$ per square kilometre | 10 |
| 1980s | 215,541 current US$ per square kilometre | 140,750 current US$ per square kilometre | 361,339 current US$ per square kilometre | 10 |
| 1990s | 220,220 current US$ per square kilometre | 166,300 current US$ per square kilometre | 295,039 current US$ per square kilometre | 10 |
| 2000s | 515,456 current US$ per square kilometre | 349,754 current US$ per square kilometre | 725,064 current US$ per square kilometre | 10 |
| 2010s | 872,301 current US$ per square kilometre | 721,655 current US$ per square kilometre | 989,448 current US$ per square kilometre | 10 |
| 2020s | 1.24 million current US$ per square kilometre | 1.02 million current US$ per square kilometre | 1.43 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 44 Antigua and Barbuda 1.52 million current US$ per square kilometre compare
- 45 France 1.45 million current US$ per square kilometre compare
- 46 Cyprus 1.43 million current US$ per square kilometre compare
- 48 Saint Kitts and Nevis 1.27 million current US$ per square kilometre compare
- 49 Portugal 1.24 million current US$ per square kilometre compare
- 50 Poland 1.20 million current US$ per square kilometre 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 in Faroe Islands?
- Merchandise imports by the reporting economy (current us$), per in Faroe Islands was 1.41 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per recorded in Faroe Islands?
- The highest recorded value was 1.43 million current US$ per square kilometre in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 71.63 current US$ per square kilometre in 1962.
- How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), per?
- Faroe Islands ranks 47th out of 204 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 59.1%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.