Imports of goods and services (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Imports of goods and services (BoP, current US$), per capita was 27,672 BoP, current US$ per person in 2011. ▲ Rising
Imports of goods and services (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
In 2011, imports of goods and services (bop, current us$), per capita in Faroe Islands stood at 27,672 BoP, current US$ per person. That is the highest value across all 14 years on record.
That represents a change of up 21.2% on the previous year and up 120.9% over ten years.
Over the whole period, imports of goods and services (bop, current us$), per capita in Faroe Islands peaked at 27,672 BoP, current US$ per person in 2011 and was at its lowest, 10,378 BoP, current US$ per person, in 1998.
That places Faroe Islands 21st out of 200 countries with data for 2011, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Imports of goods and services (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 10,378 BoP, current US$ per person | — |
| 1999 | 12,173 BoP, current US$ per person | +17.3% |
| 2000 | 13,371 BoP, current US$ per person | +9.8% |
| 2001 | 12,525 BoP, current US$ per person | -6.3% |
| 2002 | 12,752 BoP, current US$ per person | +1.8% |
| 2003 | 17,289 BoP, current US$ per person | +35.6% |
| 2004 | 15,907 BoP, current US$ per person | -8.0% |
| 2005 | 18,790 BoP, current US$ per person | +18.1% |
| 2006 | 21,217 BoP, current US$ per person | +12.9% |
| 2007 | 27,491 BoP, current US$ per person | +29.6% |
| 2008 | 27,270 BoP, current US$ per person | -0.8% |
| 2009 | 22,449 BoP, current US$ per person | -17.7% |
| 2010 | 22,830 BoP, current US$ per person | +1.7% |
| 2011 | 27,672 BoP, current US$ per person | +21.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 27,672 BoP, current US$ per person is above the median for high income countries, which is 17,698 BoP, current US$ per person, 1.6× the median. (72 countries reporting)
- Faroe Islands's 27,672 BoP, current US$ per person is above the median for Europe & Central Asia, which is 13,510 BoP, current US$ per person, 2.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11,275 BoP, current US$ per person | 10,378 BoP, current US$ per person | 12,173 BoP, current US$ per person | 2 |
| 2000s | 18,906 BoP, current US$ per person | 12,525 BoP, current US$ per person | 27,491 BoP, current US$ per person | 10 |
| 2010s | 25,251 BoP, current US$ per person | 22,830 BoP, current US$ per person | 27,672 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 18 Sweden 32,528 BoP, current US$ per person compare
- 19 Norway 31,839 BoP, current US$ per person compare
- 20 Cyprus 27,687 BoP, current US$ per person compare
- 22 Slovenia 27,541 BoP, current US$ per person compare
- 23 Estonia 26,643 BoP, current US$ per person compare
- 24 Slovakia 24,237 BoP, current US$ per person 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 of goods and services (bop, current us$), per capita in Faroe Islands?
- Imports of goods and services (bop, current us$), per capita in Faroe Islands was 27,672 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 27,672 BoP, current US$ per person in 2011.
- What is the lowest imports of goods and services (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 10,378 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for imports of goods and services (bop, current us$), per capita?
- Faroe Islands ranks 21st out of 200 countries with data for 2011.
- Is imports of goods and services (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 120.9%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Imports of goods and services (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods and services (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (BoP, current US$) ÷ Population, total
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.