Imports by region of origin, gaps filled in Faroe Islands
Faroe Islands: Imports by region of origin, gaps filled was 6.57 million current US$ in 2024. ◆ Volatile
Imports by region of origin, gaps filled in Faroe Islands, 1962–2024
Source: Statizoid (derived). Measured in current US$.
Analysis
In 2024, imports by region of origin, gaps filled in Faroe Islands stood at 6.57 million current US$.
The figure is down 21.1% on the previous year and down 20.9% over ten years.
Over the whole period, imports by region of origin, gaps filled in Faroe Islands peaked at 67.45 million current US$ in 2005 and was at its lowest, 67,000 current US$, in 1969.
That places Faroe Islands 198th out of 210 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports by region of origin, gaps filled in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1962 | 100,000 current US$ | — |
| 1963 | 200,000 current US$ | +100.0% |
| 1964 | 300,000 current US$ | +50.0% |
| 1965 | 400,000 current US$ | +33.3% |
| 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$, 0% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Imports by region of origin, gaps filled in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +6959.4% | 300,333 current US$ | 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 | 253,375 current US$ | 67,000 current US$ | 660,000 current US$ | 8 |
| 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
- 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, gaps filled in Faroe Islands?
- Imports by region of origin, gaps filled in Faroe Islands was 6.57 million current US$ in 2024, according to Statizoid (derived).
- What is the highest imports by region of origin, gaps filled recorded in Faroe Islands?
- The highest recorded value was 67.45 million current US$ in 2005.
- What is the lowest imports by region of origin, gaps filled recorded in Faroe Islands?
- The lowest recorded value was 67,000 current US$ in 1969.
- How does Faroe Islands rank for imports by region of origin, gaps filled?
- Faroe Islands ranks 198th out of 210 countries with data for 2024.
- Is imports by region of origin, gaps filled 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 Statizoid (derived), published as part of Imports by region of origin, gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Imports by region of origin with 104 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Imports by region of origin with 104 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.