Faroe Islands vs Mongolia: Imports of goods and services (BoP, current US$), annual growth rate

Faroe Islands
20.92 % change on previous year
in 2011
Mongolia
22.48 % change on previous year
in 2024
Faroe Islands rank
13th
Mongolia rank
10th

Imports of goods and services (BoP, current US$), annual growth rate over time

  • Faroe Islands
  • Mongolia
-50050100198220032024

How they compare

Mongolia currently reports 22.48 % change on previous year against 20.92 % change on previous year in Faroe Islands, a difference of 1.56 % change on previous year.

That makes Mongolia's figure about 1.1 times Faroe Islands's.

The two have swapped places 7 times across 13 shared years of data; in 1999 it was Faroe Islands ahead.

Faroe Islands ranks 13th and Mongolia ranks 10th of 199 countries.

Across the 3 decades both report, Faroe Islands averaged higher in 1 and Mongolia in 2.

Head to head by decade

Decade Faroe Islands Mongolia Difference Ahead
1990s 18.53 % change on previous year -2.92 % change on previous year 21.45 % change on previous year Faroe Islands
2000s 8.33 % change on previous year 16.97 % change on previous year 8.64 % change on previous year Mongolia
2010s 11.17 % change on previous year 78.15 % change on previous year 66.98 % change on previous year Mongolia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher imports of goods and services (bop, current us$), annual growth rate, Faroe Islands or Mongolia?
Mongolia, at 22.48 % change on previous year against 20.92 % change on previous year in Faroe Islands as of 2024.
What is the difference in imports of goods and services (bop, current us$), annual growth rate between Faroe Islands and Mongolia?
1.56 % change on previous year, with Mongolia ahead.
How many years of comparable data are there for Faroe Islands and Mongolia?
13 years are reported by both, from 1999 to 2011.
How do Faroe Islands and Mongolia rank globally for imports of goods and services (bop, current us$), annual growth rate?
Faroe Islands ranks 13th and Mongolia ranks 10th of 199 countries.
Where does this data come from?
Statizoid (derived), published as Imports of goods and services (BoP, current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Mongolia: Imports of goods and services (BoP, current US$), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/compare/imports-of-goods-and-services-bop-current-us-annual-growth-rate/faroe-islands/mongolia/

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About this data

Indicator
Imports of goods and services (BoP, current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
246 places, 9,530 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Imports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.