Merchandise imports from low- and middle-income economies in Middle in Faroe Islands
Faroe Islands: Merchandise imports from low- and middle-income economies in Middle was 0.1% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in Middle in Faroe Islands, 1968–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Faroe Islands recorded 0.1% for merchandise imports from low- and middle-income economies in middle in 2023.
The figure is down 64.1% on the previous year and down 26.8% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in middle in Faroe Islands peaked at 0.5% in 1975 and was at its lowest, 0.0%, in 1986.
That places Faroe Islands 171st out of 203 countries with data for 2023, putting it in the bottom quarter.
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 Middle in Faroe Islands, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1968 | 0.0% | — |
| 1969 | 0.0% | +37.9% |
| 1972 | 0.0% | -77.4% |
| 1974 | 0.1% | +1233.2% |
| 1975 | 0.5% | +362.5% |
| 1979 | 0.0% | -99.5% |
| 1985 | 0.0% | +112.1% |
| 1986 | 0.0% | -58.2% |
| 1987 | 0.0% | +289.4% |
| 1988 | 0.0% | +26.3% |
| 1997 | 0.3% | +2437.2% |
| 2000 | 0.0% | -90.2% |
| 2001 | 0.1% | +127.2% |
| 2002 | 0.1% | +9.5% |
| 2003 | 0.0% | -32.5% |
| 2004 | 0.1% | +50.6% |
| 2005 | 0.1% | +66.0% |
| 2006 | 0.1% | -25.6% |
| 2007 | 0.1% | -27.8% |
| 2008 | 0.1% | +44.8% |
| 2009 | 0.2% | +73.5% |
| 2010 | 0.1% | -21.9% |
| 2011 | 0.1% | -8.5% |
| 2012 | 0.1% | -11.9% |
| 2013 | 0.1% | +4.7% |
| 2014 | 0.1% | -2.9% |
| 2015 | 0.1% | +3.4% |
| 2016 | 0.1% | +5.1% |
| 2017 | 0.1% | +3.1% |
| 2018 | 0.1% | -11.2% |
| 2019 | 0.1% | -5.4% |
| 2020 | 0.1% | -1.0% |
| 2021 | 0.1% | -6.7% |
| 2022 | 0.2% | +141.4% |
| 2023 | 0.1% | -64.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.1% is below the median for high income countries, which is 0.4%, 20% of the median. (72 countries reporting)
- Faroe Islands's 0.1% is below the median for Europe & Central Asia, which is 0.7%, 10% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in Middle 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 |
|---|---|---|---|
| 1997 | +2437.2% | 0.0% | 0.3% |
| 1974 | +1233.2% | 0.0% | 0.1% |
| 1975 | +362.5% | 0.1% | 0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.0% | 2 |
| 1970s | 0.2% | 0.0% | 0.5% | 4 |
| 1980s | 0.0% | 0.0% | 0.0% | 4 |
| 1990s | 0.3% | 0.3% | 0.3% | 1 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.2% | 4 |
Countries ranked near Faroe Islands
- 168 Myanmar 0.1% compare
- 169 Mongolia 0.1% compare
- 170 Saint Kitts and Nevis 0.1% compare
- 172 Dominica 0.1% compare
- 173 Saint Vincent and the Grenadines 0.1% compare
- 174 San Marino 0.1% 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 middle in Faroe Islands?
- Merchandise imports from low- and middle-income economies in middle in Faroe Islands was 0.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in middle recorded in Faroe Islands?
- The highest recorded value was 0.5% in 1975.
- What is the lowest merchandise imports from low- and middle-income economies in middle recorded in Faroe Islands?
- The lowest recorded value was 0.0% in 1986.
- How does Faroe Islands rank for merchandise imports from low- and middle-income economies in middle?
- Faroe Islands ranks 171st out of 203 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in middle rising or falling in Faroe Islands?
- Over the last ten years it is down 26.8%. 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 Middle East & North Africa (% 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 Middle East and North Africa are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Middle East and North Africa 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.