Net barter terms of trade index in Faroe Islands
Faroe Islands: Net barter terms of trade index was 101 2015 = 100 in 2024. ▲ Rising
Net barter terms of trade index in Faroe Islands, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
Faroe Islands recorded 101 2015 = 100 for net barter terms of trade index in 2024.
That represents a change of down 2.0% on the previous year and up 13.4% over ten years.
Over the whole period, net barter terms of trade index in Faroe Islands peaked at 105.4 2015 = 100 in 2019 and was at its lowest, 76.9 2015 = 100, in 2005.
Faroe Islands ranks 107th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Net barter terms of trade index in Faroe Islands, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 76.9 2015 = 100 | — |
| 2006 | 83.3 2015 = 100 | +8.3% |
| 2007 | 86.2 2015 = 100 | +3.5% |
| 2008 | 80.6 2015 = 100 | -6.5% |
| 2009 | 90.6 2015 = 100 | +12.4% |
| 2010 | 94.4 2015 = 100 | +4.2% |
| 2011 | 88 2015 = 100 | -6.8% |
| 2012 | 83.3 2015 = 100 | -5.3% |
| 2013 | 85.2 2015 = 100 | +2.3% |
| 2014 | 89.1 2015 = 100 | +4.6% |
| 2015 | 100 2015 = 100 | +12.2% |
| 2016 | 103.4 2015 = 100 | +3.4% |
| 2017 | 103.9 2015 = 100 | +0.5% |
| 2018 | 103.7 2015 = 100 | -0.2% |
| 2019 | 105.4 2015 = 100 | +1.6% |
| 2020 | 102.2 2015 = 100 | -3.0% |
| 2021 | 102.9 2015 = 100 | +0.7% |
| 2022 | 103.5 2015 = 100 | +0.6% |
| 2023 | 103.1 2015 = 100 | -0.4% |
| 2024 | 101 2015 = 100 | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 83.52 2015 = 100 | 76.9 2015 = 100 | 90.6 2015 = 100 | 5 |
| 2010s | 95.64 2015 = 100 | 83.3 2015 = 100 | 105.4 2015 = 100 | 10 |
| 2020s | 102.54 2015 = 100 | 101 2015 = 100 | 103.5 2015 = 100 | 5 |
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 net barter terms of trade index in Faroe Islands?
- Net barter terms of trade index in Faroe Islands was 101 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest net barter terms of trade index recorded in Faroe Islands?
- The highest recorded value was 105.4 2015 = 100 in 2019.
- What is the lowest net barter terms of trade index recorded in Faroe Islands?
- The lowest recorded value was 76.9 2015 = 100 in 2005.
- How does Faroe Islands rank for net barter terms of trade index?
- Faroe Islands ranks 107th out of 206 countries with data for 2024.
- Is net barter terms of trade index rising or falling in Faroe Islands?
- Over the last ten years it is up 13.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Net barter terms of trade index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.