Imports of goods and services (current US$), per capita in Faroe Islands
Faroe Islands: Imports of goods and services (current US$), per capita was 37,975 current US$ per person in 2024. ◆ Volatile
Imports of goods and services (current US$), per capita in Faroe Islands, 1965–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for imports of goods and services (current us$), per capita in Faroe Islands is 37,975 current US$ per person, measured in 2024.
Compared with earlier readings it is down 6.7% on the previous year and up 19.7% over ten years.
Over the whole period, imports of goods and services (current us$), per capita in Faroe Islands peaked at 41,240 current US$ per person in 2022 and was at its lowest, 719.87 current US$ per person, in 1967.
That places Faroe Islands 14th out of 193 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1965 | 726.14 current US$ per person | — |
| 1966 | 767.62 current US$ per person | +5.7% |
| 1967 | 719.87 current US$ per person | -6.2% |
| 1968 | 750.45 current US$ per person | +4.2% |
| 1969 | 824.83 current US$ per person | +9.9% |
| 1970 | 795.77 current US$ per person | -3.5% |
| 1971 | 1,049 current US$ per person | +31.8% |
| 1972 | 1,196 current US$ per person | +14.1% |
| 1973 | 1,720 current US$ per person | +43.7% |
| 1974 | 2,605 current US$ per person | +51.5% |
| 1975 | 2,794 current US$ per person | +7.2% |
| 1976 | 3,184 current US$ per person | +14.0% |
| 1977 | 3,658 current US$ per person | +14.9% |
| 1978 | 4,260 current US$ per person | +16.5% |
| 1979 | 4,841 current US$ per person | +13.6% |
| 1980 | 5,157 current US$ per person | +6.5% |
| 1981 | 4,911 current US$ per person | -4.8% |
| 1982 | 4,582 current US$ per person | -6.7% |
| 1983 | 5,384 current US$ per person | +17.5% |
| 1984 | 5,817 current US$ per person | +8.1% |
| 1985 | 5,430 current US$ per person | -6.7% |
| 1986 | 7,695 current US$ per person | +41.7% |
| 1987 | 10,120 current US$ per person | +31.5% |
| 1988 | 10,104 current US$ per person | -0.2% |
| 1989 | 7,216 current US$ per person | -28.6% |
| 1990 | 7,054 current US$ per person | -2.3% |
| 1991 | 6,379 current US$ per person | -9.6% |
| 1992 | 7,038 current US$ per person | +10.3% |
| 1993 | 4,732 current US$ per person | -32.8% |
| 1994 | 5,463 current US$ per person | +15.4% |
| 1995 | 7,228 current US$ per person | +32.3% |
| 1996 | 11,108 current US$ per person | +53.7% |
| 1997 | 10,344 current US$ per person | -6.9% |
| 1998 | 11,118 current US$ per person | +7.5% |
| 1999 | 12,921 current US$ per person | +16.2% |
| 2000 | 13,809 current US$ per person | +6.9% |
| 2001 | 13,271 current US$ per person | -3.9% |
| 2002 | 13,350 current US$ per person | +0.6% |
| 2003 | 19,226 current US$ per person | +44.0% |
| 2004 | 17,722 current US$ per person | -7.8% |
| 2005 | 21,439 current US$ per person | +21.0% |
| 2006 | 23,207 current US$ per person | +8.2% |
| 2007 | 27,741 current US$ per person | +19.5% |
| 2008 | 29,502 current US$ per person | +6.3% |
| 2009 | 25,037 current US$ per person | -15.1% |
| 2010 | 24,182 current US$ per person | -3.4% |
| 2011 | 27,571 current US$ per person | +14.0% |
| 2012 | 32,470 current US$ per person | +17.8% |
| 2013 | 32,686 current US$ per person | +0.7% |
| 2014 | 31,728 current US$ per person | -2.9% |
| 2015 | 27,580 current US$ per person | -13.1% |
| 2016 | 28,448 current US$ per person | +3.1% |
| 2017 | 30,213 current US$ per person | +6.2% |
| 2018 | 33,799 current US$ per person | +11.9% |
| 2019 | 33,335 current US$ per person | -1.4% |
| 2020 | 30,374 current US$ per person | -8.9% |
| 2021 | 35,757 current US$ per person | +17.7% |
| 2022 | 41,240 current US$ per person | +15.3% |
| 2023 | 40,695 current US$ per person | -1.3% |
| 2024 | 37,975 current US$ per person | -6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 757.78 current US$ per person | 719.87 current US$ per person | 824.83 current US$ per person | 5 |
| 1970s | 2,610 current US$ per person | 795.77 current US$ per person | 4,841 current US$ per person | 10 |
| 1980s | 6,642 current US$ per person | 4,582 current US$ per person | 10,120 current US$ per person | 10 |
| 1990s | 8,339 current US$ per person | 4,732 current US$ per person | 12,921 current US$ per person | 10 |
| 2000s | 20,430 current US$ per person | 13,271 current US$ per person | 29,502 current US$ per person | 10 |
| 2010s | 30,201 current US$ per person | 24,182 current US$ per person | 33,799 current US$ per person | 10 |
| 2020s | 37,208 current US$ per person | 30,374 current US$ per person | 41,240 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 11 United Arab Emirates 45,962 current US$ per person compare
- 12 Denmark 45,493 current US$ per person compare
- 13 Iceland 41,663 current US$ per person compare
- 15 Bermuda 35,647 current US$ per person compare
- 16 Macau, China 35,563 current US$ per person compare
- 17 Austria 32,924 current US$ per person compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per capita 261,819 current LCU 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)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is imports of goods and services (current us$), per capita in Faroe Islands?
- Imports of goods and services (current us$), per capita in Faroe Islands was 37,975 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest imports of goods and services (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 41,240 current US$ per person in 2022.
- What is the lowest imports of goods and services (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 719.87 current US$ per person in 1967.
- How does Faroe Islands rank for imports of goods and services (current us$), per capita?
- Faroe Islands ranks 14th out of 193 countries with data for 2024.
- Is imports of goods and services (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 19.7%. 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 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods and services (current US$) 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 (current US$) ÷ Population, total
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.