Goods imports (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: Goods imports (BoP, current US$), per unit of GDP was 0.3787 BoP, current US$ per US$ of GDP in 2011. ▼ Falling
Goods imports (BoP, current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2011, goods imports (bop, current us$), per unit of gdp in Faroe Islands stood at 0.3787 BoP, current US$ per US$ of GDP.
That represents a change of up 18.6% on the previous year and down 8.2% over ten years.
Over the whole period, goods imports (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.4822 BoP, current US$ per US$ of GDP in 2000 and was at its lowest, 0.3194 BoP, current US$ per US$ of GDP, in 2010.
That places Faroe Islands 76th out of 199 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Goods imports (BoP, current US$), per unit of GDP in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.3376 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.4033 BoP, current US$ per US$ of GDP | +19.5% |
| 2000 | 0.4822 BoP, current US$ per US$ of GDP | +19.6% |
| 2001 | 0.4127 BoP, current US$ per US$ of GDP | -14.4% |
| 2002 | 0.3698 BoP, current US$ per US$ of GDP | -10.4% |
| 2003 | 0.4551 BoP, current US$ per US$ of GDP | +23.1% |
| 2004 | 0.3528 BoP, current US$ per US$ of GDP | -22.5% |
| 2005 | 0.3858 BoP, current US$ per US$ of GDP | +9.3% |
| 2006 | 0.3724 BoP, current US$ per US$ of GDP | -3.5% |
| 2007 | 0.415 BoP, current US$ per US$ of GDP | +11.4% |
| 2008 | 0.3783 BoP, current US$ per US$ of GDP | -8.8% |
| 2009 | 0.3278 BoP, current US$ per US$ of GDP | -13.4% |
| 2010 | 0.3194 BoP, current US$ per US$ of GDP | -2.6% |
| 2011 | 0.3787 BoP, current US$ per US$ of GDP | +18.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.3787 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.3181 BoP, current US$ per US$ of GDP, 1.2× the median. (72 countries reporting)
- Faroe Islands's 0.3787 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.3919 BoP, current US$ per US$ of GDP, 97% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3704 BoP, current US$ per US$ of GDP | 0.3376 BoP, current US$ per US$ of GDP | 0.4033 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.3952 BoP, current US$ per US$ of GDP | 0.3278 BoP, current US$ per US$ of GDP | 0.4822 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.3491 BoP, current US$ per US$ of GDP | 0.3194 BoP, current US$ per US$ of GDP | 0.3787 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 73 Bhutan 0.3839 BoP, current US$ per US$ of GDP compare
- 74 Dominica 0.3793 BoP, current US$ per US$ of GDP compare
- 75 Ukraine 0.379 BoP, current US$ per US$ of GDP compare
- 77 Saint Kitts and Nevis 0.3786 BoP, current US$ per US$ of GDP compare
- 78 Aruba 0.3699 BoP, current US$ per US$ of GDP compare
- 79 Oman 0.3686 BoP, current US$ per US$ of GDP 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$), per unit of gdp in Faroe Islands?
- Goods imports (bop, current us$), per unit of gdp in Faroe Islands was 0.3787 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest goods imports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.4822 BoP, current US$ per US$ of GDP in 2000.
- What is the lowest goods imports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.3194 BoP, current US$ per US$ of GDP in 2010.
- How does Faroe Islands rank for goods imports (bop, current us$), per unit of gdp?
- Faroe Islands ranks 76th out of 199 countries with data for 2011.
- Is goods imports (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Goods imports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods imports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Goods imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.