Faroe Islands vs Libya: Value of imported goods as a share of GDP (International Monetary)
Faroe Islands
38.0%
in 2024
Libya
38.5%
in 2025
Faroe Islands rank
75th
Libya rank
72nd
Value of imported goods as a share of GDP (International Monetary) over time
- Faroe Islands
- Libya
How they compare
Libya currently reports 38.5% against 38.0% in Faroe Islands, a difference of 0.5%.
The two have swapped places 3 times across 60 shared years of data; in 1965 it was Faroe Islands ahead.
Faroe Islands ranks 75th and Libya ranks 72nd of 201 countries.
Faroe Islands has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 42.4% | 15.1% | 27.3% | Faroe Islands |
| 1970s | 43.5% | 15.2% | 28.3% | Faroe Islands |
| 1980s | 45.8% | 17.4% | 28.4% | Faroe Islands |
| 1990s | 32.9% | 17.1% | 15.7% | Faroe Islands |
| 2000s | 41.6% | 10.1% | 31.6% | Faroe Islands |
| 2010s | 40.8% | 25.0% | 15.8% | Faroe Islands |
| 2020s | 40.3% | 36.6% | 3.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher value of imported goods as a share of gdp, Faroe Islands or Libya?
- Libya, at 38.5% against 38.0% in Faroe Islands as of 2025.
- What is the difference in value of imported goods as a share of gdp between Faroe Islands and Libya?
- 0.5%, with Libya ahead.
- How many years of comparable data are there for Faroe Islands and Libya?
- 60 years are reported by both, from 1965 to 2024.
- How do Faroe Islands and Libya rank globally for value of imported goods as a share of gdp?
- Faroe Islands ranks 75th and Libya ranks 72nd of 201 countries.
- Where does this data come from?
- International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as Value of imported goods as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).