Share of imports by region of origin in Faroe Islands
Faroe Islands: Share of imports by region of origin was 6.57 million current US$ in 2024. ◆ Volatile
Latest (2024)
6.57 million current US$
Change on year
down 21.1%
World rank
198th
of 210 countries
All-time high
67.45 million current US$
in 2005
All-time low
67,000 current US$
in 1969
Years of data
61
1962–2024
Share of imports by region of origin in Faroe Islands, 1962–2024
Source: International Monetary Fund (2025) – with major processing by Our World in Data. Measured in current US$.
Analysis
Faroe Islands recorded 6.57 million current US$ for share of imports by region of origin in 2024.
That represents a change of down 21.1% on the previous year and down 20.9% over ten years.
Over the whole period, share of imports by region of origin in Faroe Islands peaked at 67.45 million current US$ in 2005 and was at its lowest, 67,000 current US$, in 1969.
That places Faroe Islands 198th out of 210 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Share of imports by region of origin in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1962 | 100,000 current US$ | — |
| 1965 | 400,000 current US$ | +300.0% |
| 1966 | 200,000 current US$ | -50.0% |
| 1967 | 100,000 current US$ | -50.0% |
| 1968 | 660,000 current US$ | +560.0% |
| 1969 | 67,000 current US$ | -89.8% |
| 1970 | 121,000 current US$ | +80.6% |
| 1971 | 164,000 current US$ | +35.5% |
| 1972 | 205,000 current US$ | +25.0% |
| 1973 | 134,000 current US$ | -34.6% |
| 1974 | 84,000 current US$ | -37.3% |
| 1975 | 142,000 current US$ | +69.0% |
| 1976 | 558,000 current US$ | +293.0% |
| 1977 | 447,000 current US$ | -19.9% |
| 1978 | 971,000 current US$ | +117.2% |
| 1979 | 522,000 current US$ | -46.2% |
| 1980 | 571,000 current US$ | +9.4% |
| 1981 | 435,000 current US$ | -23.8% |
| 1982 | 373,000 current US$ | -14.3% |
| 1983 | 294,000 current US$ | -21.2% |
| 1984 | 261,000 current US$ | -11.2% |
| 1985 | 4.32 million current US$ | +1555.9% |
| 1986 | 8.04 million current US$ | +86.1% |
| 1987 | 8.72 million current US$ | +8.5% |
| 1988 | 8.40 million current US$ | -3.7% |
| 1989 | 10.44 million current US$ | +24.2% |
| 1990 | 6.27 million current US$ | -40.0% |
| 1991 | 12.72 million current US$ | +102.9% |
| 1992 | 18.54 million current US$ | +45.8% |
| 1993 | 10.15 million current US$ | -45.3% |
| 1994 | 5.30 million current US$ | -47.7% |
| 1995 | 330,000 current US$ | -93.8% |
| 1996 | 1.76 million current US$ | +433.3% |
| 1997 | 807,321 current US$ | -54.1% |
| 1998 | 3.80 million current US$ | +371.2% |
| 1999 | 300,333 current US$ | -92.1% |
| 2000 | 21.20 million current US$ | +6959.4% |
| 2001 | 15.75 million current US$ | -25.7% |
| 2002 | 7.13 million current US$ | -54.7% |
| 2003 | 9.55 million current US$ | +33.9% |
| 2004 | 9.37 million current US$ | -1.9% |
| 2005 | 67.45 million current US$ | +620.2% |
| 2006 | 28.31 million current US$ | -58.0% |
| 2007 | 15.63 million current US$ | -44.8% |
| 2008 | 16.96 million current US$ | +8.5% |
| 2009 | 15.11 million current US$ | -10.9% |
| 2010 | 6.81 million current US$ | -54.9% |
| 2011 | 8.65 million current US$ | +27.1% |
| 2012 | 6.82 million current US$ | -21.2% |
| 2013 | 7.51 million current US$ | +10.1% |
| 2014 | 8.31 million current US$ | +10.6% |
| 2015 | 7.41 million current US$ | -10.8% |
| 2016 | 7.99 million current US$ | +7.9% |
| 2017 | 6.90 million current US$ | -13.7% |
| 2018 | 7.47 million current US$ | +8.2% |
| 2019 | 8.21 million current US$ | +10.0% |
| 2020 | 7.89 million current US$ | -3.8% |
| 2021 | 8.14 million current US$ | +3.1% |
| 2022 | 7.03 million current US$ | -13.7% |
| 2023 | 8.33 million current US$ | +18.6% |
| 2024 | 6.57 million current US$ | -21.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.57 million current US$ is below the median for high income countries, which is 2.57 billion current US$, 0% of the median. (74 countries reporting)
- Faroe Islands's 6.57 million current US$ is below the median for Europe & Central Asia, which is 1.85 billion current US$, 0% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Share of imports by region of origin in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +6959.4% | 300,333 current US$ | 21.20 million current US$ |
| 1985 | +1555.9% | 261,000 current US$ | 4.32 million current US$ |
| 2005 | +620.2% | 9.37 million current US$ | 67.45 million current US$ |
| 1968 | +560.0% | 100,000 current US$ | 660,000 current US$ |
| 1996 | +433.3% | 330,000 current US$ | 1.76 million current US$ |
| 1998 | +371.2% | 807,321 current US$ | 3.80 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 254,500 current US$ | 67,000 current US$ | 660,000 current US$ | 6 |
| 1970s | 334,800 current US$ | 84,000 current US$ | 971,000 current US$ | 10 |
| 1980s | 4.19 million current US$ | 261,000 current US$ | 10.44 million current US$ | 10 |
| 1990s | 6.00 million current US$ | 300,333 current US$ | 18.54 million current US$ | 10 |
| 2000s | 20.65 million current US$ | 7.13 million current US$ | 67.45 million current US$ | 10 |
| 2010s | 7.61 million current US$ | 6.81 million current US$ | 8.65 million current US$ | 10 |
| 2020s | 7.59 million current US$ | 6.57 million current US$ | 8.33 million current US$ | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 142,484 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is share of imports by region of origin in Faroe Islands?
- Share of imports by region of origin in Faroe Islands was 6.57 million current US$ in 2024, according to International Monetary Fund (2025) – with major processing by Our World in Data.
- What is the highest share of imports by region of origin recorded in Faroe Islands?
- The highest recorded value was 67.45 million current US$ in 2005.
- What is the lowest share of imports by region of origin recorded in Faroe Islands?
- The lowest recorded value was 67,000 current US$ in 1969.
- How does Faroe Islands rank for share of imports by region of origin?
- Faroe Islands ranks 198th out of 210 countries with data for 2024.
- Is share of imports by region of origin rising or falling in Faroe Islands?
- Over the last ten years it is down 20.9%. 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) – with major processing by Our World in Data, published as part of Share of imports by region of origin. Statizoid updates them automatically from the source API.
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About this data
Total value of goods a country imports from North America in US dollars, including freight and insurance costs. This data is not adjusted for inflation.