How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), per unit?

Faroe Islands ranks 48th out of 202 countries with data for 2023.

Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Faroe Islands?

Over the last ten years it is up 6.5%. The long-run trend across the full record is flat.

Merchandise imports by the reporting economy (current US$), per unit in Faroe Islands

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

Faroe Islands: Merchandise imports by the reporting economy (current US$), per unit was 0.4895 current US$ per US$ of GDP in 2023. ▬ Flat

Latest (2023)

0.4895 current US$ per US$ of GDP

Change on year

down 9.6%

World rank

48th

of 202 countries

All-time high

0.611 current US$ per US$ of GDP

in 1984

All-time low

0.2748 current US$ per US$ of GDP

in 1995

Years of data

1965–2023

Merchandise imports by the reporting economy (current US$), per unit in Faroe Islands, 1965–2023

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

Analysis

In 2023, merchandise imports by the reporting economy (current us$), per unit in Faroe Islands stood at 0.4895 current US$ per US$ of GDP.

That represents a change of down 9.6% on the previous year and up 6.5% over ten years.

Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Faroe Islands peaked at 0.611 current US$ per US$ of GDP in 1984 and was at its lowest, 0.2748 current US$ per US$ of GDP, in 1995.

That places Faroe Islands 48th out of 202 countries with data for 2023, putting it in the top quarter.

Merchandise imports by the reporting economy (current US$), per unit in Faroe Islands, year by year

Annual values for Merchandise imports by the reporting economy (current US$), per unit of GDP in Faroe Islands, 1965 to 2023.
Year	current US$ per US$ of GDP	Change
1965	0.4504 current US$ per US$ of GDP	—
1966	0.4364 current US$ per US$ of GDP	-3.1%
1967	0.4001 current US$ per US$ of GDP	-8.3%
1968	0.4368 current US$ per US$ of GDP	+9.2%
1969	0.4417 current US$ per US$ of GDP	+1.1%
1970	0.3574 current US$ per US$ of GDP	-19.1%
1971	0.4045 current US$ per US$ of GDP	+13.2%
1972	0.383 current US$ per US$ of GDP	-5.3%
1973	0.4135 current US$ per US$ of GDP	+8.0%
1974	0.5052 current US$ per US$ of GDP	+22.2%
1975	0.4971 current US$ per US$ of GDP	-1.6%
1976	0.4833 current US$ per US$ of GDP	-2.8%
1977	0.4363 current US$ per US$ of GDP	-9.7%
1978	0.4605 current US$ per US$ of GDP	+5.6%
1979	0.4559 current US$ per US$ of GDP	-1.0%
1980	0.4513 current US$ per US$ of GDP	-1.0%
1981	0.4686 current US$ per US$ of GDP	+3.8%
1982	0.4425 current US$ per US$ of GDP	-5.6%
1983	0.4875 current US$ per US$ of GDP	+10.2%
1984	0.611 current US$ per US$ of GDP	+25.3%
1985	0.5457 current US$ per US$ of GDP	-10.7%
1986	0.4691 current US$ per US$ of GDP	-14.0%
1987	0.569 current US$ per US$ of GDP	+21.3%
1988	0.4794 current US$ per US$ of GDP	-15.7%
1989	0.3854 current US$ per US$ of GDP	-19.6%
1990	0.3392 current US$ per US$ of GDP	-12.0%
1991	0.3158 current US$ per US$ of GDP	-6.9%
1992	0.3574 current US$ per US$ of GDP	+13.2%
1993	0.3237 current US$ per US$ of GDP	-9.4%
1994	0.306 current US$ per US$ of GDP	-5.5%
1995	0.2748 current US$ per US$ of GDP	-10.2%
1996	0.3038 current US$ per US$ of GDP	+10.5%
1997	0.363 current US$ per US$ of GDP	+19.5%
1998	0.3235 current US$ per US$ of GDP	-10.9%
1999	0.3652 current US$ per US$ of GDP	+12.9%
2000	0.4931 current US$ per US$ of GDP	+35.0%
2001	0.4293 current US$ per US$ of GDP	-12.9%
2002	0.3829 current US$ per US$ of GDP	-10.8%
2003	0.4905 current US$ per US$ of GDP	+28.1%
2004	0.3628 current US$ per US$ of GDP	-26.0%
2005	0.4349 current US$ per US$ of GDP	+19.9%
2006	0.3865 current US$ per US$ of GDP	-11.1%
2007	0.4327 current US$ per US$ of GDP	+12.0%
2008	0.3948 current US$ per US$ of GDP	-8.8%
2009	0.3399 current US$ per US$ of GDP	-13.9%
2010	0.432 current US$ per US$ of GDP	+27.1%
2011	0.4474 current US$ per US$ of GDP	+3.6%
2012	0.536 current US$ per US$ of GDP	+19.8%
2013	0.4594 current US$ per US$ of GDP	-14.3%
2014	0.4377 current US$ per US$ of GDP	-4.7%
2015	0.4732 current US$ per US$ of GDP	+8.1%
2016	0.4115 current US$ per US$ of GDP	-13.0%
2017	0.3982 current US$ per US$ of GDP	-3.2%
2018	0.4055 current US$ per US$ of GDP	+1.8%
2019	0.4229 current US$ per US$ of GDP	+4.3%
2020	0.4259 current US$ per US$ of GDP	+0.7%
2021	0.4105 current US$ per US$ of GDP	-3.6%
2022	0.5414 current US$ per US$ of GDP	+31.9%
2023	0.4895 current US$ per US$ of GDP	-9.6%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.4331 current US$ per US$ of GDP	0.4001 current US$ per US$ of GDP	0.4504 current US$ per US$ of GDP	5
1970s	0.4397 current US$ per US$ of GDP	0.3574 current US$ per US$ of GDP	0.5052 current US$ per US$ of GDP	10
1980s	0.491 current US$ per US$ of GDP	0.3854 current US$ per US$ of GDP	0.611 current US$ per US$ of GDP	10
1990s	0.3272 current US$ per US$ of GDP	0.2748 current US$ per US$ of GDP	0.3652 current US$ per US$ of GDP	10
2000s	0.4147 current US$ per US$ of GDP	0.3399 current US$ per US$ of GDP	0.4931 current US$ per US$ of GDP	10
2010s	0.4424 current US$ per US$ of GDP	0.3982 current US$ per US$ of GDP	0.536 current US$ per US$ of GDP	10
2020s	0.4668 current US$ per US$ of GDP	0.4105 current US$ per US$ of GDP	0.5414 current US$ per US$ of GDP	4

Countries ranked near Faroe Islands

45 Georgia 0.507 current US$ per US$ of GDP compare
46 Croatia 0.5051 current US$ per US$ of GDP compare
47 Liberia 0.4937 current US$ per US$ of GDP compare
49 Serbia 0.4888 current US$ per US$ of GDP compare
50 Mozambique 0.4821 current US$ per US$ of GDP compare
51 Morocco 0.4819 current US$ per US$ of GDP compare

See the full ranking of 249 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$), per unit of GDP 0.4389 current US$ per US$ of GDP (2024)
Merchandise exports (current US$), annual growth rate 15.96 % change on previous year (2025)

All data for Faroe Islands →

Frequently asked questions

What is merchandise imports by the reporting economy (current us$), per unit in Faroe Islands?: Merchandise imports by the reporting economy (current us$), per unit in Faroe Islands was 0.4895 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Faroe Islands?: The highest recorded value was 0.611 current US$ per US$ of GDP in 1984.
What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Faroe Islands?: The lowest recorded value was 0.2748 current US$ per US$ of GDP in 1995.
How does Faroe Islands rank for merchandise imports by the reporting economy (current us$), per unit?: Faroe Islands ranks 48th out of 202 countries with data for 2023.
Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Faroe Islands?: Over the last ten years it is up 6.5%. The long-run trend across the full record is flat.
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 unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise imports by the reporting economy (current US$), per unit in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 08 September 2026, from https://private-sector.statizoid.com/stat/merchandise-imports-by-the-reporting-economy-current-us-per-unit-of-gdp/faroe-islands/

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How this figure is calculated

Merchandise imports by the reporting economy (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 imports by the reporting economy (current US$) ÷ GDP (current US$)

Computed from

Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
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 imports by the reporting economy (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: 249 places, 12,916 data points, 1960–2023
Last refreshed: 21 August 2026

Merchandise imports by the reporting economy (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.