Faroe Islands vs Lithuania: Value of imported goods as a share of GDP

Faroe Islands
50.8%
in 2024
Lithuania
51.9%
in 2024
Faroe Islands rank
42nd
Lithuania rank
40th

Value of imported goods as a share of GDP over time

  • Faroe Islands
  • Lithuania
020406080196519942024

How they compare

Lithuania currently reports 51.9% against 50.8% in Faroe Islands, a difference of 1.1%.

The two have swapped places 2 times across 30 shared years of data; in 1995 it was Lithuania ahead.

Faroe Islands ranks 42nd and Lithuania ranks 40th of 201 countries.

Lithuania has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Faroe Islands Lithuania Difference Ahead
1990s 32.7% 49.1% 16.3% Lithuania
2000s 41.5% 55.0% 13.5% Lithuania
2010s 44.2% 69.0% 24.7% Lithuania
2020s 47.5% 62.9% 15.4% Lithuania

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 Lithuania?
Lithuania, at 51.9% against 50.8% in Faroe Islands as of 2024.
What is the difference in value of imported goods as a share of gdp between Faroe Islands and Lithuania?
1.1%, with Lithuania ahead.
How many years of comparable data are there for Faroe Islands and Lithuania?
30 years are reported by both, from 1995 to 2024.
How do Faroe Islands and Lithuania rank globally for value of imported goods as a share of gdp?
Faroe Islands ranks 42nd and Lithuania ranks 40th of 201 countries.
Where does this data come from?
International Monetary Fund (2025); 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.

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Faroe Islands vs Lithuania: Value of imported goods as a share of GDP. Statizoid, drawing on International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Retrieved 14 September 2026, from https://economy.statizoid.com/compare/merchandise-imports-as-a-share-of-countrys-gdp/faroe-islands/lithuania/

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About this data

Indicator
Value of imported goods as a share of GDP
Unit
%
Source
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
201 places, 10,161 data points, 1960–2024
Last refreshed

Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).