Merchandise imports from low- and middle-income economies within in Faroe Islands
Faroe Islands: Merchandise imports from low- and middle-income economies within was 6.8% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies within in Faroe Islands, 1987–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from low- and middle-income economies within in Faroe Islands stood at 6.8%.
The figure is up 104.4% on the previous year and up 1,016.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies within in Faroe Islands peaked at 10.6% in 2015 and was at its lowest, 0.0%, in 1996.
Faroe Islands ranks 139th of 203 countries on this measure, 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 within in Faroe Islands, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1987 | 0.0% | — |
| 1988 | 0.0% | +18.1% |
| 1989 | 0.0% | +8.6% |
| 1990 | 0.1% | +107.4% |
| 1991 | 0.0% | -46.8% |
| 1993 | 0.0% | +71.3% |
| 1994 | 0.2% | +281.8% |
| 1996 | 0.0% | -91.3% |
| 1997 | 0.1% | +291.7% |
| 1999 | 0.1% | +77.1% |
| 2000 | 0.2% | +110.9% |
| 2001 | 0.3% | +32.1% |
| 2002 | 0.5% | +44.4% |
| 2003 | 0.4% | -4.7% |
| 2004 | 0.6% | +37.9% |
| 2005 | 0.5% | -15.4% |
| 2006 | 0.7% | +36.8% |
| 2007 | 0.9% | +26.5% |
| 2008 | 0.8% | -8.4% |
| 2009 | 0.6% | -29.6% |
| 2010 | 0.7% | +25.3% |
| 2011 | 0.6% | -9.7% |
| 2012 | 0.6% | -12.1% |
| 2013 | 0.6% | +7.1% |
| 2014 | 0.6% | -7.9% |
| 2015 | 10.6% | +1786.3% |
| 2016 | 0.7% | -93.8% |
| 2017 | 0.6% | -3.0% |
| 2018 | 0.6% | -1.8% |
| 2019 | 0.7% | +10.0% |
| 2020 | 0.6% | -18.8% |
| 2021 | 0.5% | -6.9% |
| 2022 | 3.3% | +535.4% |
| 2023 | 6.8% | +104.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.8% is above the median for high income countries, which is 4.5%, 1.5× the median. (71 countries reporting)
- Faroe Islands's 6.8% is above the median for Europe & Central Asia, which is 4.2%, 1.6× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies within 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 |
|---|---|---|---|
| 2015 | +1786.3% | 0.6% | 10.6% |
| 2022 | +535.4% | 0.5% | 3.3% |
| 1997 | +291.7% | 0.0% | 0.1% |
| 1994 | +281.8% | 0.0% | 0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 3 |
| 1990s | 0.1% | 0.0% | 0.2% | 7 |
| 2000s | 0.6% | 0.2% | 0.9% | 10 |
| 2010s | 1.6% | 0.6% | 10.6% | 10 |
| 2020s | 2.8% | 0.5% | 6.8% | 4 |
Countries ranked near Faroe Islands
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 within in Faroe Islands?
- Merchandise imports from low- and middle-income economies within in Faroe Islands was 6.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies within recorded in Faroe Islands?
- The highest recorded value was 10.6% in 2015.
- What is the lowest merchandise imports from low- and middle-income economies within recorded in Faroe Islands?
- The lowest recorded value was 0.0% in 1996.
- How does Faroe Islands rank for merchandise imports from low- and middle-income economies within?
- Faroe Islands ranks 139th out of 203 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies within rising or falling in Faroe Islands?
- Over the last ten years it is up 1,016.5%. 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 within region (% 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 within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.