Imports by region of origin, per unit of GDP in Faroe Islands
Faroe Islands: Imports by region of origin, per unit of GDP was 0.0016 current US$ per US$ of GDP in 2024. ◆ Volatile
Latest (2024)
0.0016 current US$ per US$ of GDP
Change on year
down 23.2%
World rank
190th
of 201 countries
All-time high
0.0383 current US$ per US$ of GDP
in 2005
All-time low
0.0003 current US$ per US$ of GDP
in 1999
Years of data
60
1965–2024
Imports by region of origin, per unit of GDP in Faroe Islands, 1965–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for imports by region of origin, per unit of gdp in Faroe Islands is 0.0016 current US$ per US$ of GDP, measured in 2024.
That represents a change of down 23.2% on the previous year and down 43.1% over ten years.
Over the whole period, imports by region of origin, per unit of gdp in Faroe Islands peaked at 0.0383 current US$ per US$ of GDP in 2005 and was at its lowest, 0.0003 current US$ per US$ of GDP, in 1999.
Faroe Islands ranks 190th of 201 countries on this measure, 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, per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1965 | 0.0069 current US$ per US$ of GDP | — |
| 1966 | 0.0031 current US$ per US$ of GDP | -55.0% |
| 1967 | 0.0015 current US$ per US$ of GDP | -51.4% |
| 1968 | 0.0101 current US$ per US$ of GDP | +570.5% |
| 1969 | 0.001 current US$ per US$ of GDP | -90.6% |
| 1970 | 0.0014 current US$ per US$ of GDP | +49.1% |
| 1971 | 0.0017 current US$ per US$ of GDP | +16.0% |
| 1972 | 0.0017 current US$ per US$ of GDP | +3.9% |
| 1973 | 0.0008 current US$ per US$ of GDP | -51.6% |
| 1974 | 0.0004 current US$ per US$ of GDP | -48.6% |
| 1975 | 0.0006 current US$ per US$ of GDP | +46.3% |
| 1976 | 0.0021 current US$ per US$ of GDP | +230.4% |
| 1977 | 0.0013 current US$ per US$ of GDP | -37.7% |
| 1978 | 0.0024 current US$ per US$ of GDP | +89.9% |
| 1979 | 0.0012 current US$ per US$ of GDP | -52.3% |
| 1980 | 0.0012 current US$ per US$ of GDP | -0.5% |
| 1981 | 0.001 current US$ per US$ of GDP | -17.7% |
| 1982 | 0.0008 current US$ per US$ of GDP | -11.9% |
| 1983 | 0.0006 current US$ per US$ of GDP | -28.1% |
| 1984 | 0.0006 current US$ per US$ of GDP | +1.4% |
| 1985 | 0.0094 current US$ per US$ of GDP | +1435.9% |
| 1986 | 0.0117 current US$ per US$ of GDP | +24.1% |
| 1987 | 0.0098 current US$ per US$ of GDP | -15.7% |
| 1988 | 0.0087 current US$ per US$ of GDP | -11.8% |
| 1989 | 0.012 current US$ per US$ of GDP | +38.0% |
| 1990 | 0.0065 current US$ per US$ of GDP | -45.5% |
| 1991 | 0.014 current US$ per US$ of GDP | +114.4% |
| 1992 | 0.0203 current US$ per US$ of GDP | +45.3% |
| 1993 | 0.0133 current US$ per US$ of GDP | -34.4% |
| 1994 | 0.007 current US$ per US$ of GDP | -47.6% |
| 1995 | 0.0004 current US$ per US$ of GDP | -94.8% |
| 1996 | 0.0018 current US$ per US$ of GDP | +385.8% |
| 1997 | 0.0009 current US$ per US$ of GDP | -51.4% |
| 1998 | 0.0034 current US$ per US$ of GDP | +298.3% |
| 1999 | 0.0003 current US$ per US$ of GDP | -92.3% |
| 2000 | 0.0199 current US$ per US$ of GDP | +7360.1% |
| 2001 | 0.0136 current US$ per US$ of GDP | -31.7% |
| 2002 | 0.0056 current US$ per US$ of GDP | -58.8% |
| 2003 | 0.0064 current US$ per US$ of GDP | +13.6% |
| 2004 | 0.0054 current US$ per US$ of GDP | -14.6% |
| 2005 | 0.0383 current US$ per US$ of GDP | +605.9% |
| 2006 | 0.014 current US$ per US$ of GDP | -63.4% |
| 2007 | 0.0067 current US$ per US$ of GDP | -52.4% |
| 2008 | 0.0068 current US$ per US$ of GDP | +1.9% |
| 2009 | 0.0066 current US$ per US$ of GDP | -3.4% |
| 2010 | 0.0029 current US$ per US$ of GDP | -55.6% |
| 2011 | 0.0035 current US$ per US$ of GDP | +18.2% |
| 2012 | 0.0028 current US$ per US$ of GDP | -18.6% |
| 2013 | 0.0028 current US$ per US$ of GDP | -0.6% |
| 2014 | 0.0029 current US$ per US$ of GDP | +2.1% |
| 2015 | 0.0029 current US$ per US$ of GDP | +1.0% |
| 2016 | 0.0028 current US$ per US$ of GDP | -1.3% |
| 2017 | 0.0023 current US$ per US$ of GDP | -18.5% |
| 2018 | 0.0023 current US$ per US$ of GDP | +1.1% |
| 2019 | 0.0025 current US$ per US$ of GDP | +7.4% |
| 2020 | 0.0024 current US$ per US$ of GDP | -4.0% |
| 2021 | 0.0022 current US$ per US$ of GDP | -8.8% |
| 2022 | 0.0019 current US$ per US$ of GDP | -11.7% |
| 2023 | 0.0021 current US$ per US$ of GDP | +8.7% |
| 2024 | 0.0016 current US$ per US$ of GDP | -23.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0016 current US$ per US$ of GDP is below the median for high income countries, which is 0.0205 current US$ per US$ of GDP, 8% of the median. (73 countries reporting)
- Faroe Islands's 0.0016 current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0127 current US$ per US$ of GDP, 13% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Imports by region of origin, per unit of GDP 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 | +7360.1% | 0.0003 current US$ per US$ of GDP | 0.0199 current US$ per US$ of GDP |
| 1985 | +1435.9% | 0.0006 current US$ per US$ of GDP | 0.0094 current US$ per US$ of GDP |
| 2005 | +605.9% | 0.0054 current US$ per US$ of GDP | 0.0383 current US$ per US$ of GDP |
| 1968 | +570.5% | 0.0015 current US$ per US$ of GDP | 0.0101 current US$ per US$ of GDP |
| 1996 | +385.8% | 0.0004 current US$ per US$ of GDP | 0.0018 current US$ per US$ of GDP |
| 1998 | +298.3% | 0.0009 current US$ per US$ of GDP | 0.0034 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0045 current US$ per US$ of GDP | 0.001 current US$ per US$ of GDP | 0.0101 current US$ per US$ of GDP | 5 |
| 1970s | 0.0014 current US$ per US$ of GDP | 0.0004 current US$ per US$ of GDP | 0.0024 current US$ per US$ of GDP | 10 |
| 1980s | 0.0056 current US$ per US$ of GDP | 0.0006 current US$ per US$ of GDP | 0.012 current US$ per US$ of GDP | 10 |
| 1990s | 0.0068 current US$ per US$ of GDP | 0.0003 current US$ per US$ of GDP | 0.0203 current US$ per US$ of GDP | 10 |
| 2000s | 0.0123 current US$ per US$ of GDP | 0.0054 current US$ per US$ of GDP | 0.0383 current US$ per US$ of GDP | 10 |
| 2010s | 0.0028 current US$ per US$ of GDP | 0.0023 current US$ per US$ of GDP | 0.0035 current US$ per US$ of GDP | 10 |
| 2020s | 0.0021 current US$ per US$ of GDP | 0.0016 current US$ per US$ of GDP | 0.0024 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 187 Niger 0.002 current US$ per US$ of GDP compare
- 188 Sudan 0.002 current US$ per US$ of GDP compare
- 189 Myanmar 0.0017 current US$ per US$ of GDP compare
- 191 Afghanistan 0.0016 current US$ per US$ of GDP compare
- 192 Bhutan 0.0016 current US$ per US$ of GDP compare
- 193 American Samoa 0.0015 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 imports by region of origin, per unit of gdp in Faroe Islands?
- Imports by region of origin, per unit of gdp in Faroe Islands was 0.0016 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest imports by region of origin, per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.0383 current US$ per US$ of GDP in 2005.
- What is the lowest imports by region of origin, per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0003 current US$ per US$ of GDP in 1999.
- How does Faroe Islands rank for imports by region of origin, per unit of gdp?
- Faroe Islands ranks 190th out of 201 countries with data for 2024.
- Is imports by region of origin, per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 43.1%. 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, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 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 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports by region of origin ÷ GDP (current US$)
Computed from
- Imports by region of origin International Monetary Fund (2025) – with major processing by Our World in Data
- 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
Imports by region of origin divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.