What is the highest merchandise imports (current us$), per unit of gdp recorded in Faroe Islands?

The highest recorded value was 0.615 current US$ per US$ of GDP in 1984.

What is the lowest merchandise imports (current us$), per unit of gdp recorded in Faroe Islands?

The lowest recorded value was 0.2878 current US$ per US$ of GDP in 1993.

How does Faroe Islands rank for merchandise imports (current us$), per unit of gdp?

Faroe Islands ranks 85th out of 203 countries with data for 2024.

Is merchandise imports (current us$), per unit of gdp rising or falling in Faroe Islands?

Over the last ten years it is up 2.3%. The long-run trend across the full record is falling.

Where does this Faroe Islands data come from?

The figures come from Statizoid (derived), published as part of Merchandise imports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

Merchandise imports (current US$), per unit of GDP in Faroe Islands

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

Faroe Islands: Merchandise imports (current US$), per unit of GDP was 0.3689 current US$ per US$ of GDP in 2024. ▼ Falling

Latest (2024)

0.3689 current US$ per US$ of GDP

Change on year

down 14.6%

World rank

85th

of 203 countries

All-time high

0.615 current US$ per US$ of GDP

in 1984

All-time low

0.2878 current US$ per US$ of GDP

in 1993

Years of data

1965–2024

Merchandise imports (current US$), per unit of GDP in Faroe Islands, 1965–2024

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

Analysis

The most recent figure for merchandise imports (current us$), per unit of gdp in Faroe Islands is 0.3689 current US$ per US$ of GDP, measured in 2024.

Compared with earlier readings it is down 14.6% on the previous year and up 2.3% over ten years.

Over the whole period, merchandise imports (current us$), per unit of gdp in Faroe Islands peaked at 0.615 current US$ per US$ of GDP in 1984 and was at its lowest, 0.2878 current US$ per US$ of GDP, in 1993.

Faroe Islands ranks 85th of 203 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 60 years of available data.

Merchandise imports (current US$), per unit of GDP in Faroe Islands, year by year

Annual values for Merchandise imports (current US$), per unit of GDP in Faroe Islands, 1965 to 2024.
Year	current US$ per US$ of GDP	Change
1965	0.4486 current US$ per US$ of GDP	—
1966	0.4348 current US$ per US$ of GDP	-3.1%
1967	0.4077 current US$ per US$ of GDP	-6.2%
1968	0.4295 current US$ per US$ of GDP	+5.4%
1969	0.4707 current US$ per US$ of GDP	+9.6%
1970	0.3532 current US$ per US$ of GDP	-25.0%
1971	0.4132 current US$ per US$ of GDP	+17.0%
1972	0.3938 current US$ per US$ of GDP	-4.7%
1973	0.4217 current US$ per US$ of GDP	+7.1%
1974	0.5082 current US$ per US$ of GDP	+20.5%
1975	0.4969 current US$ per US$ of GDP	-2.2%
1976	0.4843 current US$ per US$ of GDP	-2.5%
1977	0.437 current US$ per US$ of GDP	-9.8%
1978	0.4625 current US$ per US$ of GDP	+5.8%
1979	0.4548 current US$ per US$ of GDP	-1.7%
1980	0.4523 current US$ per US$ of GDP	-0.5%
1981	0.469 current US$ per US$ of GDP	+3.7%
1982	0.4324 current US$ per US$ of GDP	-7.8%
1983	0.4891 current US$ per US$ of GDP	+13.1%
1984	0.615 current US$ per US$ of GDP	+25.7%
1985	0.5399 current US$ per US$ of GDP	-12.2%
1986	0.4877 current US$ per US$ of GDP	-9.7%
1987	0.5787 current US$ per US$ of GDP	+18.6%
1988	0.4935 current US$ per US$ of GDP	-14.7%
1989	0.3968 current US$ per US$ of GDP	-19.6%
1990	0.3518 current US$ per US$ of GDP	-11.3%
1991	0.3332 current US$ per US$ of GDP	-5.3%
1992	0.366 current US$ per US$ of GDP	+9.8%
1993	0.2878 current US$ per US$ of GDP	-21.4%
1994	0.319 current US$ per US$ of GDP	+10.8%
1995	0.3495 current US$ per US$ of GDP	+9.6%
1996	0.3739 current US$ per US$ of GDP	+7.0%
1997	0.3834 current US$ per US$ of GDP	+2.5%
1998	0.3503 current US$ per US$ of GDP	-8.6%
1999	0.4168 current US$ per US$ of GDP	+19.0%
2000	0.4995 current US$ per US$ of GDP	+19.8%
2001	0.4309 current US$ per US$ of GDP	-13.7%
2002	0.3874 current US$ per US$ of GDP	-10.1%
2003	0.4914 current US$ per US$ of GDP	+26.8%
2004	0.3641 current US$ per US$ of GDP	-25.9%
2005	0.4222 current US$ per US$ of GDP	+16.0%
2006	0.3915 current US$ per US$ of GDP	-7.3%
2007	0.4344 current US$ per US$ of GDP	+10.9%
2008	0.3968 current US$ per US$ of GDP	-8.6%
2009	0.341 current US$ per US$ of GDP	-14.1%
2010	0.3345 current US$ per US$ of GDP	-1.9%
2011	0.3939 current US$ per US$ of GDP	+17.8%
2012	0.475 current US$ per US$ of GDP	+20.6%
2013	0.4145 current US$ per US$ of GDP	-12.7%
2014	0.3607 current US$ per US$ of GDP	-13.0%
2015	0.3535 current US$ per US$ of GDP	-2.0%
2016	0.3483 current US$ per US$ of GDP	-1.5%
2017	0.3691 current US$ per US$ of GDP	+6.0%
2018	0.3848 current US$ per US$ of GDP	+4.3%
2019	0.3759 current US$ per US$ of GDP	-2.3%
2020	0.3821 current US$ per US$ of GDP	+1.6%
2021	0.3984 current US$ per US$ of GDP	+4.3%
2022	0.4608 current US$ per US$ of GDP	+15.7%
2023	0.4321 current US$ per US$ of GDP	-6.2%
2024	0.3689 current US$ per US$ of GDP	-14.6%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.4383 current US$ per US$ of GDP	0.4077 current US$ per US$ of GDP	0.4707 current US$ per US$ of GDP	5
1970s	0.4426 current US$ per US$ of GDP	0.3532 current US$ per US$ of GDP	0.5082 current US$ per US$ of GDP	10
1980s	0.4955 current US$ per US$ of GDP	0.3968 current US$ per US$ of GDP	0.615 current US$ per US$ of GDP	10
1990s	0.3532 current US$ per US$ of GDP	0.2878 current US$ per US$ of GDP	0.4168 current US$ per US$ of GDP	10
2000s	0.4159 current US$ per US$ of GDP	0.341 current US$ per US$ of GDP	0.4995 current US$ per US$ of GDP	10
2010s	0.381 current US$ per US$ of GDP	0.3345 current US$ per US$ of GDP	0.475 current US$ per US$ of GDP	10
2020s	0.4085 current US$ per US$ of GDP	0.3689 current US$ per US$ of GDP	0.4608 current US$ per US$ of GDP	5

Countries ranked near Faroe Islands

82 Tonga 0.3754 current US$ per US$ of GDP compare
83 Mexico 0.3727 current US$ per US$ of GDP compare
84 Cyprus 0.3709 current US$ per US$ of GDP compare
86 Portugal 0.3631 current US$ per US$ of GDP compare
87 Samoa 0.3626 current US$ per US$ of GDP compare
88 French Polynesia 0.3623 current US$ per US$ of GDP compare

See the full ranking of 250 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 (current us$), per unit of gdp in Faroe Islands?: Merchandise imports (current us$), per unit of gdp in Faroe Islands was 0.3689 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest merchandise imports (current us$), per unit of gdp recorded in Faroe Islands?: The highest recorded value was 0.615 current US$ per US$ of GDP in 1984.
What is the lowest merchandise imports (current us$), per unit of gdp recorded in Faroe Islands?: The lowest recorded value was 0.2878 current US$ per US$ of GDP in 1993.
How does Faroe Islands rank for merchandise imports (current us$), per unit of gdp?: Faroe Islands ranks 85th out of 203 countries with data for 2024.
Is merchandise imports (current us$), per unit of gdp rising or falling in Faroe Islands?: Over the last ten years it is up 2.3%. The long-run trend across the full record is falling.
Where does this Faroe Islands data come from?: The figures come from Statizoid (derived), published as part of Merchandise imports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise imports (current US$), per unit of GDP in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 26 August 2026, from https://private-sector.statizoid.com/stat/merchandise-imports-current-us-per-unit-of-gdp/faroe-islands/

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How this figure is calculated

Merchandise imports (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 (current US$) ÷ GDP (current US$)

Computed from

Merchandise imports World Trade Organization (WTO)
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 (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: 250 places, 13,931 data points, 1960–2025
Last refreshed: 18 August 2026

Merchandise imports (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.