Imports of goods and services (current LCU), annual growth rate in Faroe Islands
Faroe Islands: Imports of goods and services (current LCU), annual growth rate was -6.2 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-6.2 % change on previous year
Change on year
down 104.1%
World rank
182nd
of 192 countries
All-time high
58.95 % change on previous year
in 1996
All-time low
-29.02 % change on previous year
in 1993
Years of data
62
1963–2024
Imports of goods and services (current LCU), annual growth rate in Faroe Islands, 1963–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for imports of goods and services (current lcu), annual growth rate in Faroe Islands is -6.2 % change on previous year, measured in 2024.
The figure is down 104.1% on the previous year and down 135.9% over ten years.
Over the whole period, imports of goods and services (current lcu), annual growth rate in Faroe Islands peaked at 58.95 % change on previous year in 1996 and was at its lowest, -29.02 % change on previous year, in 1993.
Faroe Islands ranks 182nd of 192 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 of goods and services (current LCU), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1963 | 1.99 % change on previous year | — |
| 1964 | 16.91 % change on previous year | +749.8% |
| 1965 | 12.67 % change on previous year | -25.1% |
| 1966 | 7.08 % change on previous year | -44.1% |
| 1967 | -4.56 % change on previous year | -164.4% |
| 1968 | 13.47 % change on previous year | -395.5% |
| 1969 | 10.93 % change on previous year | -18.9% |
| 1970 | -2.6 % change on previous year | -123.8% |
| 1971 | 31.83 % change on previous year | -1323.6% |
| 1972 | 8.17 % change on previous year | -74.3% |
| 1973 | 26.59 % change on previous year | +225.4% |
| 1974 | 54.45 % change on previous year | +104.8% |
| 1975 | 2.26 % change on previous year | -95.8% |
| 1976 | 21.24 % change on previous year | +839.2% |
| 1977 | 15.35 % change on previous year | -27.7% |
| 1978 | 8.27 % change on previous year | -46.1% |
| 1979 | 9.83 % change on previous year | +18.9% |
| 1980 | 15.6 % change on previous year | +58.7% |
| 1981 | 21.93 % change on previous year | +40.6% |
| 1982 | 10.49 % change on previous year | -52.2% |
| 1983 | 30.41 % change on previous year | +189.9% |
| 1984 | 23.66 % change on previous year | -22.2% |
| 1985 | -3.29 % change on previous year | -113.9% |
| 1986 | 9.2 % change on previous year | -379.6% |
| 1987 | 12.57 % change on previous year | +36.6% |
| 1988 | -0.3712 % change on previous year | -103.0% |
| 1989 | -21.45 % change on previous year | +5679.8% |
| 1990 | -17.63 % change on previous year | -17.8% |
| 1991 | -7.1 % change on previous year | -59.7% |
| 1992 | 3.77 % change on previous year | -153.1% |
| 1993 | -29.02 % change on previous year | -869.6% |
| 1994 | 8.91 % change on previous year | -130.7% |
| 1995 | 13.72 % change on previous year | +54.0% |
| 1996 | 58.95 % change on previous year | +329.8% |
| 1997 | 7.41 % change on previous year | -87.4% |
| 1998 | 10.39 % change on previous year | +40.2% |
| 1999 | 22.28 % change on previous year | +114.4% |
| 2000 | 25.5 % change on previous year | +14.5% |
| 2001 | 0.8576 % change on previous year | -96.6% |
| 2002 | -3.15 % change on previous year | -466.9% |
| 2003 | 21.94 % change on previous year | -797.3% |
| 2004 | -15.56 % change on previous year | -170.9% |
| 2005 | 21.03 % change on previous year | -235.2% |
| 2006 | 7.29 % change on previous year | -65.3% |
| 2007 | 9.52 % change on previous year | +30.6% |
| 2008 | -0.0561 % change on previous year | -100.6% |
| 2009 | -10.31 % change on previous year | +18276.1% |
| 2010 | 1.05 % change on previous year | -110.2% |
| 2011 | 8.58 % change on previous year | +716.9% |
| 2012 | 26.4 % change on previous year | +207.6% |
| 2013 | -2.49 % change on previous year | -109.4% |
| 2014 | -2.63 % change on previous year | +5.8% |
| 2015 | 5.21 % change on previous year | -298.2% |
| 2016 | 4.4 % change on previous year | -15.6% |
| 2017 | 5.68 % change on previous year | +29.2% |
| 2018 | 8.73 % change on previous year | +53.6% |
| 2019 | 5.79 % change on previous year | -33.7% |
| 2020 | -9.29 % change on previous year | -260.5% |
| 2021 | 14.7 % change on previous year | -258.3% |
| 2022 | 31.3 % change on previous year | +112.9% |
| 2023 | -3.04 % change on previous year | -109.7% |
| 2024 | -6.2 % change on previous year | +104.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.35 % change on previous year | -4.56 % change on previous year | 16.91 % change on previous year | 7 |
| 1970s | 17.54 % change on previous year | -2.6 % change on previous year | 54.45 % change on previous year | 10 |
| 1980s | 9.87 % change on previous year | -21.45 % change on previous year | 30.41 % change on previous year | 10 |
| 1990s | 7.17 % change on previous year | -29.02 % change on previous year | 58.95 % change on previous year | 10 |
| 2000s | 5.71 % change on previous year | -15.56 % change on previous year | 25.5 % change on previous year | 10 |
| 2010s | 6.07 % change on previous year | -2.63 % change on previous year | 26.4 % change on previous year | 10 |
| 2020s | 5.49 % change on previous year | -9.29 % change on previous year | 31.3 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 179 San Marino -3.45 % change on previous year compare
- 180 Rwanda -4.69 % change on previous year compare
- 181 Panama -4.99 % change on previous year compare
- 183 Russian Federation -6.49 % change on previous year compare
- 184 Djibouti -7.07 % change on previous year compare
- 185 Botswana -8.93 % change on previous year 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 (current lcu), annual growth rate in Faroe Islands?
- Imports of goods and services (current lcu), annual growth rate in Faroe Islands was -6.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest imports of goods and services (current lcu), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 58.95 % change on previous year in 1996.
- What is the lowest imports of goods and services (current lcu), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -29.02 % change on previous year in 1993.
- How does Faroe Islands rank for imports of goods and services (current lcu), annual growth rate?
- Faroe Islands ranks 182nd out of 192 countries with data for 2024.
- Is imports of goods and services (current lcu), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 135.9%. 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 of goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Imports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Imports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.