Faroe Islands: Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports)
In , Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) was 0.57.
That's down 54.8% from 2022, the highest value since .
The global average for this indicator in 2023 was 5.10 . Faroe Islands ranks #121 globally out of 192 reporting countries. Within Europe & Central Asia, it ranks #52 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.R2.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
- 1.35
- Trough
- 0.27
- 1-year change
- -54.8%
- 5-year change
- -7.9%
- -1.6% / yr
- 10-year change
- -27.6%
- -3.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) |
|---|---|
| 0.5695 | |
| 1.2590 | |
| 1.3464 | |
| 1.1338 | |
| 0.8237 | |
| 0.6186 | |
| 0.4358 | |
| 0.3564 | |
| 0.5990 | |
| 0.8883 |
About Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports)
Merchandise exports to low- and middle-income economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Europe and Central Asia region according to World Bank classification of economies. Data are 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.R2.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) in 2023?
- In 2023, Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) was 0.57, according to World Bank Open Data.
- Is Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) rising or falling?
- Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) fell 54.8% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports)?
- In 2023, Faroe Islands ranked #121 out of 192 countries reporting Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports).
- How does Faroe Islands's Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) in 2023 was 5.10, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #52 of 53.
- What is Merchandise exports to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Europe and Central Asia region according to World Bank classification of economies. Data are 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.R2.ZS), CC BY 4.0.