Imports of goods and services (current LCU), per capita in Faroe Islands
Faroe Islands: Imports of goods and services (current LCU), per capita was 261,819 current LCU per person in 2024. ◆ Volatile
Imports of goods and services (current LCU), per capita in Faroe Islands, 1962–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for imports of goods and services (current lcu), per capita in Faroe Islands is 261,819 current LCU per person, measured in 2024.
Compared with earlier readings it is down 6.6% on the previous year and up 47.0% over ten years.
Over the whole period, imports of goods and services (current lcu), per capita in Faroe Islands peaked at 291,822 current LCU per person in 2022 and was at its lowest, 3,881 current LCU per person, in 1962.
Faroe Islands ranks 53rd of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1962 | 3,881 current LCU per person | — |
| 1963 | 3,911 current LCU per person | +0.8% |
| 1964 | 4,514 current LCU per person | +15.4% |
| 1965 | 5,016 current LCU per person | +11.1% |
| 1966 | 5,302 current LCU per person | +5.7% |
| 1967 | 5,008 current LCU per person | -5.5% |
| 1968 | 5,628 current LCU per person | +12.4% |
| 1969 | 6,186 current LCU per person | +9.9% |
| 1970 | 5,968 current LCU per person | -3.5% |
| 1971 | 7,780 current LCU per person | +30.4% |
| 1972 | 8,315 current LCU per person | +6.9% |
| 1973 | 10,402 current LCU per person | +25.1% |
| 1974 | 15,878 current LCU per person | +52.6% |
| 1975 | 16,052 current LCU per person | +1.1% |
| 1976 | 19,247 current LCU per person | +19.9% |
| 1977 | 21,962 current LCU per person | +14.1% |
| 1978 | 23,494 current LCU per person | +7.0% |
| 1979 | 25,467 current LCU per person | +8.4% |
| 1980 | 29,063 current LCU per person | +14.1% |
| 1981 | 34,986 current LCU per person | +20.4% |
| 1982 | 38,179 current LCU per person | +9.1% |
| 1983 | 49,232 current LCU per person | +29.0% |
| 1984 | 60,245 current LCU per person | +22.4% |
| 1985 | 57,538 current LCU per person | -4.5% |
| 1986 | 62,256 current LCU per person | +8.2% |
| 1987 | 69,226 current LCU per person | +11.2% |
| 1988 | 68,017 current LCU per person | -1.7% |
| 1989 | 52,753 current LCU per person | -22.4% |
| 1990 | 43,652 current LCU per person | -17.3% |
| 1991 | 40,803 current LCU per person | -6.5% |
| 1992 | 42,485 current LCU per person | +4.1% |
| 1993 | 30,684 current LCU per person | -27.8% |
| 1994 | 34,747 current LCU per person | +13.2% |
| 1995 | 40,494 current LCU per person | +16.5% |
| 1996 | 64,409 current LCU per person | +59.1% |
| 1997 | 68,318 current LCU per person | +6.1% |
| 1998 | 74,500 current LCU per person | +9.0% |
| 1999 | 90,143 current LCU per person | +21.0% |
| 2000 | 111,623 current LCU per person | +23.8% |
| 2001 | 110,454 current LCU per person | -1.0% |
| 2002 | 105,396 current LCU per person | -4.6% |
| 2003 | 126,657 current LCU per person | +20.2% |
| 2004 | 106,171 current LCU per person | -16.2% |
| 2005 | 128,570 current LCU per person | +21.1% |
| 2006 | 138,010 current LCU per person | +7.3% |
| 2007 | 151,013 current LCU per person | +9.4% |
| 2008 | 150,403 current LCU per person | -0.4% |
| 2009 | 134,220 current LCU per person | -10.8% |
| 2010 | 136,004 current LCU per person | +1.3% |
| 2011 | 148,022 current LCU per person | +8.8% |
| 2012 | 188,078 current LCU per person | +27.1% |
| 2013 | 183,573 current LCU per person | -2.4% |
| 2014 | 178,074 current LCU per person | -3.0% |
| 2015 | 185,552 current LCU per person | +4.2% |
| 2016 | 191,501 current LCU per person | +3.2% |
| 2017 | 199,494 current LCU per person | +4.2% |
| 2018 | 213,428 current LCU per person | +7.0% |
| 2019 | 222,327 current LCU per person | +4.2% |
| 2020 | 198,714 current LCU per person | -10.6% |
| 2021 | 224,811 current LCU per person | +13.1% |
| 2022 | 291,822 current LCU per person | +29.8% |
| 2023 | 280,378 current LCU per person | -3.9% |
| 2024 | 261,819 current LCU per person | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4,931 current LCU per person | 3,881 current LCU per person | 6,186 current LCU per person | 8 |
| 1970s | 15,456 current LCU per person | 5,968 current LCU per person | 25,467 current LCU per person | 10 |
| 1980s | 52,149 current LCU per person | 29,063 current LCU per person | 69,226 current LCU per person | 10 |
| 1990s | 53,024 current LCU per person | 30,684 current LCU per person | 90,143 current LCU per person | 10 |
| 2000s | 126,252 current LCU per person | 105,396 current LCU per person | 151,013 current LCU per person | 10 |
| 2010s | 184,605 current LCU per person | 136,004 current LCU per person | 222,327 current LCU per person | 10 |
| 2020s | 251,509 current LCU per person | 198,714 current LCU per person | 291,822 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 50 Macau, China 285,566 current LCU per person compare
- 51 Comoros 283,364 current LCU per person compare
- 52 Seychelles 265,404 current LCU per person compare
- 54 Togo 253,497 current LCU per person compare
- 55 Guyana 237,756 current LCU per person compare
- 56 Uruguay 235,210 current LCU per person compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (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), per capita 279,001 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
Frequently asked questions
- What is imports of goods and services (current lcu), per capita in Faroe Islands?
- Imports of goods and services (current lcu), per capita in Faroe Islands was 261,819 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest imports of goods and services (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 291,822 current LCU per person in 2022.
- What is the lowest imports of goods and services (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 3,881 current LCU per person in 1962.
- How does Faroe Islands rank for imports of goods and services (current lcu), per capita?
- Faroe Islands ranks 53rd out of 193 countries with data for 2024.
- Is imports of goods and services (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 47.0%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Imports of goods and services (current LCU) 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 (current LCU) ÷ Population, total
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
- 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 (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.