Goods imports (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Goods imports (BoP, current US$), per capita was 19,551 BoP, current US$ per person in 2011. ▲ Rising
Goods imports (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
In 2011, goods imports (bop, current us$), per capita in Faroe Islands stood at 19,551 BoP, current US$ per person.
Compared with earlier readings it is up 27.7% on the previous year and up 90.4% over ten years.
Over the whole period, goods imports (bop, current us$), per capita in Faroe Islands peaked at 20,066 BoP, current US$ per person in 2007 and was at its lowest, 8,348 BoP, current US$ per person, in 1998.
Faroe Islands ranks 18th of 200 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Goods imports (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 8,348 BoP, current US$ per person | — |
| 1999 | 10,073 BoP, current US$ per person | +20.7% |
| 2000 | 11,247 BoP, current US$ per person | +11.7% |
| 2001 | 10,268 BoP, current US$ per person | -8.7% |
| 2002 | 9,963 BoP, current US$ per person | -3.0% |
| 2003 | 14,231 BoP, current US$ per person | +42.8% |
| 2004 | 12,577 BoP, current US$ per person | -11.6% |
| 2005 | 14,039 BoP, current US$ per person | +11.6% |
| 2006 | 15,546 BoP, current US$ per person | +10.7% |
| 2007 | 20,066 BoP, current US$ per person | +29.1% |
| 2008 | 19,404 BoP, current US$ per person | -3.3% |
| 2009 | 15,426 BoP, current US$ per person | -20.5% |
| 2010 | 15,305 BoP, current US$ per person | -0.8% |
| 2011 | 19,551 BoP, current US$ per person | +27.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 19,551 BoP, current US$ per person is above the median for high income countries, which is 11,496 BoP, current US$ per person, 1.7× the median. (72 countries reporting)
- Faroe Islands's 19,551 BoP, current US$ per person is above the median for Europe & Central Asia, which is 10,989 BoP, current US$ per person, 1.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9,211 BoP, current US$ per person | 8,348 BoP, current US$ per person | 10,073 BoP, current US$ per person | 2 |
| 2000s | 14,277 BoP, current US$ per person | 9,963 BoP, current US$ per person | 20,066 BoP, current US$ per person | 10 |
| 2010s | 17,428 BoP, current US$ per person | 15,305 BoP, current US$ per person | 19,551 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 15 Slovenia 22,482 BoP, current US$ per person compare
- 16 Denmark 22,153 BoP, current US$ per person compare
- 17 Slovakia 21,591 BoP, current US$ per person compare
- 19 Sweden 18,930 BoP, current US$ per person compare
- 20 Bermuda 18,803 BoP, current US$ per person compare
- 21 Norway 18,675 BoP, current US$ per person compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is goods imports (bop, current us$), per capita in Faroe Islands?
- Goods imports (bop, current us$), per capita in Faroe Islands was 19,551 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest goods imports (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 20,066 BoP, current US$ per person in 2007.
- What is the lowest goods imports (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 8,348 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for goods imports (bop, current us$), per capita?
- Faroe Islands ranks 18th out of 200 countries with data for 2011.
- Is goods imports (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 90.4%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Goods imports (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods imports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods imports (BoP, current US$) ÷ Population, total
Computed from
- Goods imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods imports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.