Value of imports from China as a share of GDP in Faroe Islands
Faroe Islands: Value of imports from China as a share of GDP was 3.2% in 2024. ◆ Volatile
Value of imports from China as a share of GDP in Faroe Islands, 1968–2024
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. Measured in %.
Analysis
In 2024, value of imports from china as a share of gdp in Faroe Islands stood at 3.2%.
That represents a change of down 2.3% on the previous year and down 27.7% over ten years.
Over the whole period, value of imports from china as a share of gdp in Faroe Islands peaked at 7.3% in 2015 and was at its lowest, 0.0%, in 1971.
That places Faroe Islands 129th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value of imports from China as a share of GDP in Faroe Islands, year by year
| Year | % | Change |
|---|---|---|
| 1968 | 0.0% | — |
| 1969 | 0.0% | -7.0% |
| 1970 | 0.0% | -69.0% |
| 1971 | 0.0% | -42.9% |
| 1972 | 0.0% | +274.1% |
| 1973 | 0.0% | +15.1% |
| 1974 | 0.0% | +87.3% |
| 1975 | 0.0% | -32.4% |
| 1976 | 0.0% | -15.9% |
| 1977 | 0.0% | +43.1% |
| 1978 | 0.0% | -18.3% |
| 1979 | 0.0% | -38.1% |
| 1980 | 0.0% | +15.2% |
| 1981 | 0.0% | +25.1% |
| 1982 | 0.0% | -37.0% |
| 1983 | 0.0% | -15.5% |
| 1984 | 0.0% | -31.5% |
| 1985 | 0.0% | +1161.4% |
| 1986 | 0.1% | +19.9% |
| 1987 | 0.1% | -4.1% |
| 1988 | 0.1% | +37.6% |
| 1989 | 0.1% | -18.9% |
| 1990 | 0.1% | +5.2% |
| 1991 | 0.1% | +26.2% |
| 1992 | 0.2% | +114.6% |
| 1993 | 0.2% | +51.5% |
| 1994 | 0.4% | +43.8% |
| 2000 | 0.5% | +48.0% |
| 2001 | 0.5% | +5.0% |
| 2002 | 0.6% | +11.1% |
| 2003 | 0.7% | +21.8% |
| 2004 | 0.8% | +12.1% |
| 2005 | 1.1% | +28.1% |
| 2006 | 1.2% | +14.3% |
| 2007 | 1.5% | +21.6% |
| 2008 | 1.5% | +3.6% |
| 2009 | 1.5% | -4.0% |
| 2010 | 5.5% | +275.6% |
| 2011 | 5.1% | -7.7% |
| 2012 | 5.3% | +3.9% |
| 2013 | 4.8% | -9.7% |
| 2014 | 4.5% | -7.4% |
| 2015 | 7.3% | +64.5% |
| 2016 | 4.6% | -37.1% |
| 2017 | 4.4% | -5.4% |
| 2018 | 4.1% | -6.1% |
| 2019 | 4.0% | -1.4% |
| 2020 | 3.9% | -2.3% |
| 2021 | 3.5% | -11.3% |
| 2022 | 3.6% | +2.8% |
| 2023 | 3.3% | -8.3% |
| 2024 | 3.2% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.0% | 2 |
| 1970s | 0.0% | 0.0% | 0.0% | 10 |
| 1980s | 0.0% | 0.0% | 0.1% | 10 |
| 1990s | 0.2% | 0.1% | 0.4% | 5 |
| 2000s | 1.0% | 0.5% | 1.5% | 10 |
| 2010s | 5.0% | 4.0% | 7.3% | 10 |
| 2020s | 3.5% | 3.2% | 3.9% | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
Frequently asked questions
- What is value of imports from china as a share of gdp in Faroe Islands?
- Value of imports from china as a share of gdp in Faroe Islands was 3.2% in 2024, according to 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.
- What is the highest value of imports from china as a share of gdp recorded in Faroe Islands?
- The highest recorded value was 7.3% in 2015.
- What is the lowest value of imports from china as a share of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0% in 1971.
- How does Faroe Islands rank for value of imports from china as a share of gdp?
- Faroe Islands ranks 129th out of 198 countries with data for 2024.
- Is value of imports from china as a share of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures 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 part of Value of imports from China as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of goods imported from China, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).