Faroe Islands: Merchandise imports from high-income economies (% of total merchandise imports)
In , Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) was 84.12.
That's down 4.2% from 2022, the highest value since .
The global average for this indicator in 2023 was 58.25 . Faroe Islands ranks #27 globally out of 205 reporting countries. Within Europe & Central Asia, it ranks #16 of 53.
Source: World Bank Open Data (TM.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
- 94.69
- Trough
- 70.62
- 1-year change
- -4.2%
- 5-year change
- -2.2%
- -0.5% / yr
- 10-year change
- -1.6%
- -0.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from high-income economies (% of total merchandise imports) |
|---|---|
| 84.1242 | |
| 87.8243 | |
| 88.3007 | |
| 87.2374 | |
| 86.6395 | |
| 86.0594 | |
| 85.0229 | |
| 84.6189 | |
| 70.6189 | |
| 85.9647 |
About Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: TM.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) in 2023?
- In 2023, Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) was 84.12, according to World Bank Open Data.
- Is Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) rising or falling?
- Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) fell 4.2% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise imports from high-income economies (% of total merchandise imports)?
- In 2023, Faroe Islands ranked #27 out of 205 countries reporting Merchandise imports from high-income economies (% of total merchandise imports).
- How does Faroe Islands's Merchandise imports from high-income economies (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from high-income economies (% of total merchandise imports) in 2023 was 58.25, so Faroe Islands is above the world average. Within Europe & Central Asia, it ranks #16 of 53.
- What is Merchandise imports from high-income economies (% of total merchandise imports) and how is it measured?
- Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 (TM.VAL.MRCH.HI.ZS), CC BY 4.0.