Imports of goods, services and primary income (BoP, current US$), per in Faroe Islands
Faroe Islands: Imports of goods, services and primary income (BoP, current US$), per was 30,080 BoP, current US$ per person in 2011. ▲ Rising
Imports of goods, services and primary income (BoP, current US$), per in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for imports of goods, services and primary income (bop, current us$), per in Faroe Islands is 30,080 BoP, current US$ per person, measured in 2011.
The figure is up 18.3% on the previous year and up 112.5% over ten years.
Over the whole period, imports of goods, services and primary income (bop, current us$), per in Faroe Islands peaked at 31,235 BoP, current US$ per person in 2008 and was at its lowest, 12,250 BoP, current US$ per person, in 1998.
Faroe Islands ranks 22nd of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Imports of goods, services and primary income (BoP, current US$), per in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 12,250 BoP, current US$ per person | — |
| 1999 | 13,915 BoP, current US$ per person | +13.6% |
| 2000 | 14,840 BoP, current US$ per person | +6.6% |
| 2001 | 14,154 BoP, current US$ per person | -4.6% |
| 2002 | 14,301 BoP, current US$ per person | +1.0% |
| 2003 | 18,877 BoP, current US$ per person | +32.0% |
| 2004 | 16,704 BoP, current US$ per person | -11.5% |
| 2005 | 20,318 BoP, current US$ per person | +21.6% |
| 2006 | 23,278 BoP, current US$ per person | +14.6% |
| 2007 | 30,294 BoP, current US$ per person | +30.1% |
| 2008 | 31,235 BoP, current US$ per person | +3.1% |
| 2009 | 25,872 BoP, current US$ per person | -17.2% |
| 2010 | 25,430 BoP, current US$ per person | -1.7% |
| 2011 | 30,080 BoP, current US$ per person | +18.3% |
Faroe Islands compared with similar countries
- Faroe Islands's 30,080 BoP, current US$ per person is above the median for high income countries, which is 20,392 BoP, current US$ per person, 1.5× the median. (72 countries reporting)
- Faroe Islands's 30,080 BoP, current US$ per person is above the median for Europe & Central Asia, which is 15,590 BoP, current US$ per person, 1.9× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13,082 BoP, current US$ per person | 12,250 BoP, current US$ per person | 13,915 BoP, current US$ per person | 2 |
| 2000s | 20,987 BoP, current US$ per person | 14,154 BoP, current US$ per person | 31,235 BoP, current US$ per person | 10 |
| 2010s | 27,755 BoP, current US$ per person | 25,430 BoP, current US$ per person | 30,080 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 19 Austria 38,688 BoP, current US$ per person compare
- 20 Sint Maarten (Dutch part) 36,389 BoP, current US$ per person
- 21 Qatar 30,255 BoP, current US$ per person
- 23 Estonia 29,555 BoP, current US$ per person compare
- 24 Slovenia 29,469 BoP, current US$ per person compare
- 25 Finland 28,846 BoP, current US$ per person 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, services and primary income (bop, current us$), per in Faroe Islands?
- Imports of goods, services and primary income (bop, current us$), per in Faroe Islands was 30,080 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest imports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 31,235 BoP, current US$ per person in 2008.
- What is the lowest imports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 12,250 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for imports of goods, services and primary income (bop, current us$), per?
- Faroe Islands ranks 22nd out of 200 countries with data for 2011.
- Is imports of goods, services and primary income (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 112.5%. 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, services and primary income (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods, services and primary income (BoP, current US$) 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, services and primary income (BoP, current US$) ÷ Population, total
Computed from
- Imports of goods, services and primary income Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods, services and primary income (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.