Imports of goods and services (BoP, current US$), per square kilometre in Faroe Islands
Faroe Islands: Imports of goods and services (BoP, current US$), per square kilometre was 962,199 BoP, current US$ per square kilometre in 2011. ▲ Rising
Imports of goods and services (BoP, current US$), per square kilometre in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per square kilometre.
Analysis
Faroe Islands recorded 962,199 BoP, current US$ per square kilometre for imports of goods and services (bop, current us$), per square kilometre in 2011. That is the highest value across all 14 years on record.
That represents a change of up 20.9% on the previous year and up 130.0% over ten years.
Over the whole period, imports of goods and services (bop, current us$), per square kilometre in Faroe Islands peaked at 962,199 BoP, current US$ per square kilometre in 2011 and was at its lowest, 332,113 BoP, current US$ per square kilometre, in 1998.
That places Faroe Islands 54th out of 198 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Imports of goods and services (BoP, current US$), per square kilometre in Faroe Islands, year by year
| Year | BoP, current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 332,113 BoP, current US$ per square kilometre | — |
| 1999 | 393,660 BoP, current US$ per square kilometre | +18.5% |
| 2000 | 438,224 BoP, current US$ per square kilometre | +11.3% |
| 2001 | 418,403 BoP, current US$ per square kilometre | -4.5% |
| 2002 | 432,407 BoP, current US$ per square kilometre | +3.3% |
| 2003 | 594,871 BoP, current US$ per square kilometre | +37.6% |
| 2004 | 551,309 BoP, current US$ per square kilometre | -7.3% |
| 2005 | 650,921 BoP, current US$ per square kilometre | +18.1% |
| 2006 | 734,620 BoP, current US$ per square kilometre | +12.9% |
| 2007 | 952,679 BoP, current US$ per square kilometre | +29.7% |
| 2008 | 948,338 BoP, current US$ per square kilometre | -0.5% |
| 2009 | 784,577 BoP, current US$ per square kilometre | -17.3% |
| 2010 | 795,709 BoP, current US$ per square kilometre | +1.4% |
| 2011 | 962,199 BoP, current US$ per square kilometre | +20.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 962,199 BoP, current US$ per square kilometre is below the median for high income countries, which is 2.26 million BoP, current US$ per square kilometre, 43% of the median. (72 countries reporting)
- Faroe Islands's 962,199 BoP, current US$ per square kilometre is above the median for Europe & Central Asia, which is 794,790 BoP, current US$ per square kilometre, 1.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 362,886 BoP, current US$ per square kilometre | 332,113 BoP, current US$ per square kilometre | 393,660 BoP, current US$ per square kilometre | 2 |
| 2000s | 650,635 BoP, current US$ per square kilometre | 418,403 BoP, current US$ per square kilometre | 952,679 BoP, current US$ per square kilometre | 10 |
| 2010s | 878,954 BoP, current US$ per square kilometre | 795,709 BoP, current US$ per square kilometre | 962,199 BoP, current US$ per square kilometre | 2 |
Countries ranked near Faroe Islands
- 51 Marshall Islands 1.17 million BoP, current US$ per square kilometre compare
- 52 Spain 1.10 million BoP, current US$ per square kilometre compare
- 53 Vietnam 1.08 million BoP, current US$ per square kilometre compare
- 55 Greece 925,609 BoP, current US$ per square kilometre compare
- 56 Lithuania 924,909 BoP, current US$ per square kilometre compare
- 57 Jamaica 910,958 BoP, current US$ per square kilometre 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$), per square kilometre in Faroe Islands?
- Imports of goods and services (bop, current us$), per square kilometre in Faroe Islands was 962,199 BoP, current US$ per square kilometre in 2011, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 962,199 BoP, current US$ per square kilometre in 2011.
- What is the lowest imports of goods and services (bop, current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 332,113 BoP, current US$ per square kilometre in 1998.
- How does Faroe Islands rank for imports of goods and services (bop, current us$), per square kilometre?
- Faroe Islands ranks 54th out of 198 countries with data for 2011.
- Is imports of goods and services (bop, current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 130.0%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods and services (BoP, current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.