Imports by region of origin, annual growth rate in Faroe Islands
Faroe Islands: Imports by region of origin, annual growth rate was -21.1 % change on previous year in 2024. ◆ Volatile
Imports by region of origin, annual growth rate in Faroe Islands, 1966–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, imports by region of origin, annual growth rate in Faroe Islands stood at -21.1 % change on previous year.
That represents a change of down 213.6% on the previous year and down 299.7% over ten years.
Over the whole period, imports by region of origin, annual growth rate in Faroe Islands peaked at 620.17 % change on previous year in 2005 and was at its lowest, -93.78 % change on previous year, in 1995.
That places Faroe Islands 172nd 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.
Imports by region of origin, annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1966 | -50 % change on previous year | — |
| 1967 | -50 % change on previous year | -0.0% |
| 1968 | 560 % change on previous year | -1220.0% |
| 1969 | -89.85 % change on previous year | -116.0% |
| 1970 | 80.6 % change on previous year | -189.7% |
| 1971 | 35.54 % change on previous year | -55.9% |
| 1972 | 25 % change on previous year | -29.7% |
| 1973 | -34.63 % change on previous year | -238.5% |
| 1974 | -37.31 % change on previous year | +7.7% |
| 1975 | 69.05 % change on previous year | -285.0% |
| 1976 | 292.96 % change on previous year | +324.3% |
| 1977 | -19.89 % change on previous year | -106.8% |
| 1978 | 117.23 % change on previous year | -689.3% |
| 1979 | -46.24 % change on previous year | -139.4% |
| 1980 | 9.39 % change on previous year | -120.3% |
| 1981 | -23.82 % change on previous year | -353.7% |
| 1982 | -14.25 % change on previous year | -40.2% |
| 1983 | -21.18 % change on previous year | +48.6% |
| 1984 | -11.22 % change on previous year | -47.0% |
| 1986 | 86.12 % change on previous year | -867.2% |
| 1987 | 8.46 % change on previous year | -90.2% |
| 1988 | -3.66 % change on previous year | -143.3% |
| 1989 | 24.19 % change on previous year | -760.5% |
| 1990 | -39.95 % change on previous year | -265.1% |
| 1991 | 102.9 % change on previous year | -357.6% |
| 1992 | 45.8 % change on previous year | -55.5% |
| 1993 | -45.28 % change on previous year | -198.9% |
| 1994 | -47.71 % change on previous year | +5.4% |
| 1995 | -93.78 % change on previous year | +96.5% |
| 1996 | 433.33 % change on previous year | -562.1% |
| 1997 | -54.13 % change on previous year | -112.5% |
| 1998 | 371.21 % change on previous year | -785.8% |
| 1999 | -92.11 % change on previous year | -124.8% |
| 2001 | -25.72 % change on previous year | -72.1% |
| 2002 | -54.71 % change on previous year | +112.7% |
| 2003 | 33.85 % change on previous year | -161.9% |
| 2004 | -1.9 % change on previous year | -105.6% |
| 2005 | 620.17 % change on previous year | -32773.8% |
| 2006 | -58.02 % change on previous year | -109.4% |
| 2007 | -44.8 % change on previous year | -22.8% |
| 2008 | 8.49 % change on previous year | -118.9% |
| 2009 | -10.88 % change on previous year | -228.1% |
| 2010 | -54.95 % change on previous year | +405.2% |
| 2011 | 27.07 % change on previous year | -149.3% |
| 2012 | -21.15 % change on previous year | -178.1% |
| 2013 | 10.13 % change on previous year | -147.9% |
| 2014 | 10.57 % change on previous year | +4.3% |
| 2015 | -10.77 % change on previous year | -201.9% |
| 2016 | 7.87 % change on previous year | -173.1% |
| 2017 | -13.7 % change on previous year | -274.0% |
| 2018 | 8.2 % change on previous year | -159.8% |
| 2019 | 9.97 % change on previous year | +21.7% |
| 2020 | -3.83 % change on previous year | -138.4% |
| 2021 | 3.14 % change on previous year | -182.0% |
| 2022 | -13.71 % change on previous year | -536.4% |
| 2023 | 18.58 % change on previous year | -235.5% |
| 2024 | -21.1 % change on previous year | -213.6% |
Faroe Islands compared with similar countries
- Faroe Islands's -21.1 % change on previous year is below the median for high income countries, which is -0.3755 % change on previous year, 56.2× the median. (74 countries reporting)
- Faroe Islands's -21.1 % change on previous year is below the median for Europe & Central Asia, which is 1.34 % change on previous year. (52 countries reporting)
Biggest year-on-year movements
Years where Imports by region of origin, annual growth rate 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 |
|---|---|---|---|
| 2005 | +32773.8% | -1.9 % change on previous year | 620.17 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 92.54 % change on previous year | -89.85 % change on previous year | 560 % change on previous year | 4 |
| 1970s | 48.23 % change on previous year | -46.24 % change on previous year | 292.96 % change on previous year | 10 |
| 1980s | 6 % change on previous year | -23.82 % change on previous year | 86.12 % change on previous year | 9 |
| 1990s | 58.03 % change on previous year | -93.78 % change on previous year | 433.33 % change on previous year | 10 |
| 2000s | 51.83 % change on previous year | -58.02 % change on previous year | 620.17 % change on previous year | 9 |
| 2010s | -2.68 % change on previous year | -54.95 % change on previous year | 27.07 % change on previous year | 10 |
| 2020s | -3.38 % change on previous year | -21.1 % change on previous year | 18.58 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 169 Mauritania -19.88 % change on previous year compare
- 170 Bulgaria -19.89 % change on previous year compare
- 171 Kenya -21.02 % change on previous year compare
- 173 Netherlands Antilles -21.14 % change on previous year compare
- 174 Bhutan -21.9 % change on previous year compare
- 175 Aruba -22.51 % change on previous year 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 imports by region of origin, annual growth rate in Faroe Islands?
- Imports by region of origin, annual growth rate in Faroe Islands was -21.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest imports by region of origin, annual growth rate recorded in Faroe Islands?
- The highest recorded value was 620.17 % change on previous year in 2005.
- What is the lowest imports by region of origin, annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -93.78 % change on previous year in 1995.
- How does Faroe Islands rank for imports by region of origin, annual growth rate?
- Faroe Islands ranks 172nd out of 210 countries with data for 2024.
- Is imports by region of origin, annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 299.7%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Imports by region of origin, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Imports by region of origin. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Imports by region of origin International Monetary Fund (2025) – with major processing by Our World in Data
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
The year-on-year percentage change in Imports by region of origin. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.