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 0.5827 BoP, current US$ per US$ of GDP in 2011. ▬ Flat
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 US$ of GDP.
Analysis
The most recent figure for imports of goods, services and primary income (bop, current us$), per in Faroe Islands is 0.5827 BoP, current US$ per US$ of GDP, measured in 2011.
The figure is up 9.8% on the previous year and up 2.4% over ten years.
Over the whole period, imports of goods, services and primary income (bop, current us$), per in Faroe Islands peaked at 0.6363 BoP, current US$ per US$ of GDP in 2000 and was at its lowest, 0.4686 BoP, current US$ per US$ of GDP, in 2004.
That places Faroe Islands 81st out of 199 countries with data for 2011, putting it in the middle of the range.
Imports of goods, services and primary income (BoP, current US$), per in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.4954 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.5571 BoP, current US$ per US$ of GDP | +12.5% |
| 2000 | 0.6363 BoP, current US$ per US$ of GDP | +14.2% |
| 2001 | 0.5689 BoP, current US$ per US$ of GDP | -10.6% |
| 2002 | 0.5309 BoP, current US$ per US$ of GDP | -6.7% |
| 2003 | 0.6037 BoP, current US$ per US$ of GDP | +13.7% |
| 2004 | 0.4686 BoP, current US$ per US$ of GDP | -22.4% |
| 2005 | 0.5583 BoP, current US$ per US$ of GDP | +19.1% |
| 2006 | 0.5576 BoP, current US$ per US$ of GDP | -0.1% |
| 2007 | 0.6266 BoP, current US$ per US$ of GDP | +12.4% |
| 2008 | 0.609 BoP, current US$ per US$ of GDP | -2.8% |
| 2009 | 0.5498 BoP, current US$ per US$ of GDP | -9.7% |
| 2010 | 0.5306 BoP, current US$ per US$ of GDP | -3.5% |
| 2011 | 0.5827 BoP, current US$ per US$ of GDP | +9.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.5827 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.5691 BoP, current US$ per US$ of GDP, 1.0× the median. (72 countries reporting)
- Faroe Islands's 0.5827 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.6148 BoP, current US$ per US$ of GDP, 95% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5262 BoP, current US$ per US$ of GDP | 0.4954 BoP, current US$ per US$ of GDP | 0.5571 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.571 BoP, current US$ per US$ of GDP | 0.4686 BoP, current US$ per US$ of GDP | 0.6363 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.5567 BoP, current US$ per US$ of GDP | 0.5306 BoP, current US$ per US$ of GDP | 0.5827 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 78 Bosnia and Herzegovina 0.5851 BoP, current US$ per US$ of GDP compare
- 79 Solomon Islands 0.5835 BoP, current US$ per US$ of GDP compare
- 80 Honduras 0.5831 BoP, current US$ per US$ of GDP compare
- 82 Belize 0.578 BoP, current US$ per US$ of GDP compare
- 83 Jordan 0.5763 BoP, current US$ per US$ of GDP compare
- 84 Cape Verde 0.5688 BoP, current US$ per US$ of GDP 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 0.5827 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest imports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 0.6363 BoP, current US$ per US$ of GDP in 2000.
- What is the lowest imports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 0.4686 BoP, current US$ per US$ of GDP in 2004.
- How does Faroe Islands rank for imports of goods, services and primary income (bop, current us$), per?
- Faroe Islands ranks 81st out of 199 countries with data for 2011.
- Is imports of goods, services and primary income (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is flat.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods, services and primary income (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods, services and primary income (BoP, current US$) ÷ GDP (current US$)
Computed from
- Imports of goods, services and primary income Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods, services and primary income (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.