Faroe Islands: Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
In , Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 0.98.
That's down 9.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 4.94 . Faroe Islands ranks #101 globally out of 192 reporting countries. Within Europe & Central Asia, it ranks #23 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.R3.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
- 3.01
- Trough
- 0.03
- 1-year change
- -9.7%
- 5-year change
- -36.4%
- -8.7% / yr
- 10-year change
- -52.5%
- -7.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) |
|---|---|
| 0.9751 | |
| 1.0799 | |
| 1.4484 | |
| 1.5810 | |
| 1.3938 | |
| 1.5335 | |
| 1.5130 | |
| 1.6298 | |
| 1.8388 | |
| 1.7939 |
About Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean 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.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023?
- In 2023, Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 0.98, according to World Bank Open Data.
- Is Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rising or falling?
- Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) fell 9.7% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?
- In 2023, Faroe Islands ranked #101 out of 192 countries reporting Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports).
- How does Faroe Islands's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023 was 4.94, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #23 of 53.
- What is Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean 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.R3.ZS), CC BY 4.0.