Faroe Islands: Merchandise exports to high-income economies (% of total merchandise exports)
In , Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) was 87.79.
That's up 0.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Faroe Islands ranks #33 globally out of 205 reporting countries. Within Europe & Central Asia, it ranks #17 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 97.11
- Trough
- 77.87
- 1-year change
- +0.1%
- 5-year change
- +4.9%
- +1.0% / yr
- 10-year change
- +5.3%
- +0.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 87.7909 | |
| 87.7321 | |
| 82.8171 | |
| 77.8688 | |
| 83.2796 | |
| 83.7032 | |
| 86.1312 | |
| 84.0252 | |
| 81.2722 | |
| 82.9771 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) was 87.79, according to World Bank Open Data.
- Is Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) rose 0.1% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Faroe Islands ranked #33 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Faroe Islands's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Faroe Islands is above the world average. Within Europe & Central Asia, it ranks #17 of 53.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.