How does Faroe Islands rank for imports of goods and services (bop, current us$), per unit of gdp?

Faroe Islands ranks 73rd out of 199 countries with data for 2011.

Is imports of goods and services (bop, current us$), per unit of gdp rising or falling in Faroe Islands?

Over the last ten years it is up 6.5%. The long-run trend across the full record is rising.

Imports of goods and services (BoP, current US$), per unit of GDP in Faroe Islands

Name: Imports of goods and services (BoP, current US$), per unit of GDP in Faroe Islands
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Faroe Islands: Imports of goods and services (BoP, current US$), per unit of GDP was 0.5361 BoP, current US$ per US$ of GDP in 2011. ▲ Rising

Latest (2011)

0.5361 BoP, current US$ per US$ of GDP

Change on year

up 12.5%

World rank

73rd

of 199 countries

All-time high

0.5733 BoP, current US$ per US$ of GDP

in 2000

All-time low

0.4197 BoP, current US$ per US$ of GDP

in 1998

Years of data

1998–2011

Imports of goods and services (BoP, current US$), per unit of GDP in Faroe Islands, 1998–2011

Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.

Analysis

In 2011, imports of goods and services (bop, current us$), per unit of gdp in Faroe Islands stood at 0.5361 BoP, current US$ per US$ of GDP.

That represents a change of up 12.5% on the previous year and up 6.5% over ten years.

Over the whole period, imports of goods and services (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.5733 BoP, current US$ per US$ of GDP in 2000 and was at its lowest, 0.4197 BoP, current US$ per US$ of GDP, in 1998.

Faroe Islands ranks 73rd of 199 countries on this measure, 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 unit of GDP in Faroe Islands, year by year

Annual values for Imports of goods and services (BoP, current US$), per unit of GDP in Faroe Islands, 1998 to 2011.
Year	BoP, current US$ per US$ of GDP	Change
1998	0.4197 BoP, current US$ per US$ of GDP	—
1999	0.4873 BoP, current US$ per US$ of GDP	+16.1%
2000	0.5733 BoP, current US$ per US$ of GDP	+17.6%
2001	0.5034 BoP, current US$ per US$ of GDP	-12.2%
2002	0.4734 BoP, current US$ per US$ of GDP	-6.0%
2003	0.5529 BoP, current US$ per US$ of GDP	+16.8%
2004	0.4462 BoP, current US$ per US$ of GDP	-19.3%
2005	0.5164 BoP, current US$ per US$ of GDP	+15.7%
2006	0.5083 BoP, current US$ per US$ of GDP	-1.6%
2007	0.5686 BoP, current US$ per US$ of GDP	+11.9%
2008	0.5317 BoP, current US$ per US$ of GDP	-6.5%
2009	0.477 BoP, current US$ per US$ of GDP	-10.3%
2010	0.4764 BoP, current US$ per US$ of GDP	-0.1%
2011	0.5361 BoP, current US$ per US$ of GDP	+12.5%

Faroe Islands compared with similar countries

Faroe Islands's 0.5361 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.4933 BoP, current US$ per US$ of GDP, 1.1× the median. (72 countries reporting)
Faroe Islands's 0.5361 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.5426 BoP, current US$ per US$ of GDP, 99% of the median. (51 countries reporting)

Averages by decade

Decade	Average	Lowest	Highest	Years
1990s	0.4535 BoP, current US$ per US$ of GDP	0.4197 BoP, current US$ per US$ of GDP	0.4873 BoP, current US$ per US$ of GDP	2
2000s	0.5151 BoP, current US$ per US$ of GDP	0.4462 BoP, current US$ per US$ of GDP	0.5733 BoP, current US$ per US$ of GDP	10
2010s	0.5062 BoP, current US$ per US$ of GDP	0.4764 BoP, current US$ per US$ of GDP	0.5361 BoP, current US$ per US$ of GDP	2

Countries ranked near Faroe Islands

70 Solomon Islands 0.5411 BoP, current US$ per US$ of GDP compare
71 Eswatini 0.5378 BoP, current US$ per US$ of GDP compare
72 Palestine 0.5374 BoP, current US$ per US$ of GDP compare
74 Cape Verde 0.5357 BoP, current US$ per US$ of GDP compare
75 Saint Vincent and the Grenadines 0.534 BoP, current US$ per US$ of GDP compare
76 Georgia 0.5329 BoP, current US$ per US$ of GDP compare

See the full ranking of 246 places →

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)

All data for Faroe Islands →

Frequently asked questions

What is imports of goods and services (bop, current us$), per unit of gdp in Faroe Islands?: Imports of goods and services (bop, current us$), per unit of gdp in Faroe Islands was 0.5361 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
What is the highest imports of goods and services (bop, current us$), per unit of gdp recorded in Faroe Islands?: The highest recorded value was 0.5733 BoP, current US$ per US$ of GDP in 2000.
What is the lowest imports of goods and services (bop, current us$), per unit of gdp recorded in Faroe Islands?: The lowest recorded value was 0.4197 BoP, current US$ per US$ of GDP in 1998.
How does Faroe Islands rank for imports of goods and services (bop, current us$), per unit of gdp?: Faroe Islands ranks 73rd out of 199 countries with data for 2011.
Is imports of goods and services (bop, current us$), per unit of gdp rising or falling in Faroe Islands?: Over the last ten years it is up 6.5%. 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 unit of GDP. Statizoid updates them automatically from the source API.

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Imports of goods and services (BoP, current US$), per unit of GDP in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/imports-of-goods-and-services-bop-current-us-per-unit-of-gdp/faroe-islands/

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How this figure is calculated

Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Imports of goods and services (BoP, current US$) ÷ GDP (current US$)

Computed from

Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
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

Indicator: Imports of goods and services (BoP, current US$), per unit of GDP
Unit: BoP, current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 246 places, 9,722 data points, 1960–2025
Last refreshed: 14 September 2026

Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.