Merchandise imports from low- and middle-income economies in Latin in Faroe Islands
Faroe Islands: Merchandise imports from low- and middle-income economies in Latin was 0.8% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in Latin in Faroe Islands, 1968–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from low- and middle-income economies in latin in Faroe Islands is 0.8%, measured in 2023.
Compared with earlier readings it is up 1.0% on the previous year and down 35.3% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in Faroe Islands peaked at 2.2% in 2009 and was at its lowest, 0.0%, in 1975.
That places Faroe Islands 147th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies in Latin in Faroe Islands, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1968 | 0.0% | — |
| 1969 | 0.1% | +513.1% |
| 1970 | 0.0% | -69.4% |
| 1971 | 0.0% | -62.2% |
| 1972 | 0.0% | -70.7% |
| 1974 | 0.0% | +221.8% |
| 1975 | 0.0% | -87.4% |
| 1976 | 0.0% | +1110.7% |
| 1977 | 0.0% | +53.8% |
| 1978 | 0.0% | +105.4% |
| 1979 | 0.0% | -1.7% |
| 1980 | 0.0% | -71.6% |
| 1981 | 0.0% | +103.2% |
| 1982 | 0.0% | -54.9% |
| 1983 | 0.0% | -26.9% |
| 1984 | 0.0% | +149.1% |
| 1985 | 0.2% | +1444.9% |
| 1986 | 0.2% | -35.2% |
| 1987 | 0.1% | -11.3% |
| 1988 | 0.2% | +50.3% |
| 1989 | 0.2% | -1.7% |
| 1990 | 0.2% | +10.5% |
| 1991 | 0.2% | -14.2% |
| 1992 | 0.1% | -26.7% |
| 1993 | 1.0% | +585.2% |
| 1994 | 0.6% | -44.0% |
| 1995 | 0.1% | -83.9% |
| 1997 | 0.0% | -60.9% |
| 1999 | 0.1% | +153.0% |
| 2000 | 0.4% | +377.3% |
| 2001 | 0.8% | +98.8% |
| 2002 | 0.9% | +2.5% |
| 2003 | 0.6% | -24.6% |
| 2004 | 0.9% | +42.5% |
| 2005 | 0.9% | +2.6% |
| 2006 | 1.8% | +94.9% |
| 2007 | 1.4% | -24.8% |
| 2008 | 1.7% | +23.3% |
| 2009 | 2.2% | +31.1% |
| 2010 | 1.5% | -34.8% |
| 2011 | 1.3% | -8.4% |
| 2012 | 1.2% | -12.2% |
| 2013 | 1.2% | +5.1% |
| 2014 | 1.2% | -3.0% |
| 2015 | 1.2% | +4.5% |
| 2016 | 1.3% | +5.0% |
| 2017 | 1.3% | -2.4% |
| 2018 | 1.2% | -7.7% |
| 2019 | 1.1% | -6.2% |
| 2020 | 1.1% | +0.0% |
| 2021 | 1.0% | -8.3% |
| 2022 | 0.8% | -22.4% |
| 2023 | 0.8% | +1.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.8% is below the median for high income countries, which is 1.5%, 51% of the median. (74 countries reporting)
- Faroe Islands's 0.8% is below the median for Europe & Central Asia, which is 1.2%, 65% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in Latin in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +1444.9% | 0.0% | 0.2% |
| 1976 | +1110.7% | 0.0% | 0.0% |
| 1993 | +585.2% | 0.1% | 1.0% |
| 1969 | +513.1% | 0.0% | 0.1% |
| 2000 | +377.3% | 0.1% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.1% | 2 |
| 1970s | 0.0% | 0.0% | 0.0% | 9 |
| 1980s | 0.1% | 0.0% | 0.2% | 10 |
| 1990s | 0.3% | 0.0% | 1.0% | 8 |
| 2000s | 1.2% | 0.4% | 2.2% | 10 |
| 2010s | 1.2% | 1.1% | 1.5% | 10 |
| 2020s | 0.9% | 0.8% | 1.1% | 4 |
Countries ranked near Faroe Islands
- 144 Cyprus 0.8% compare
- 145 Congo, Democratic Republic of the 0.8% compare
- 146 Serbia 0.8% compare
- 148 Chad 0.8% compare
- 149 Korea, Democratic People's Republic of 0.8% compare
- 150 New Caledonia 0.8% 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 from low- and middle-income economies in latin in Faroe Islands?
- Merchandise imports from low- and middle-income economies in latin in Faroe Islands was 0.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in Faroe Islands?
- The highest recorded value was 2.2% in 2009.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in Faroe Islands?
- The lowest recorded value was 0.0% in 1975.
- How does Faroe Islands rank for merchandise imports from low- and middle-income economies in latin?
- Faroe Islands ranks 147th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in Faroe Islands?
- Over the last ten years it is down 35.3%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.