Faroe Islands: Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
In , Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 0.79.
That's up 1.0% from 2022, the highest value since .
The global average for this indicator in 2023 was 5.08 . Faroe Islands ranks #146 globally out of 199 reporting countries. Within Europe & Central Asia, it ranks #38 of 53.
Source: World Bank Open Data (TM.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
- 2.23
- Trough
- 0.79
- 1-year change
- +1.0%
- 5-year change
- -32.6%
- -7.6% / yr
- 10-year change
- -35.3%
- -4.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) |
|---|---|
| 0.7945 | |
| 0.7868 | |
| 1.0133 | |
| 1.1049 | |
| 1.1047 | |
| 1.1781 | |
| 1.2762 | |
| 1.3079 | |
| 1.2451 | |
| 1.1917 |
About Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023?
- In 2023, Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 0.79, according to World Bank Open Data.
- Is Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rising or falling?
- Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rose 1.0% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)?
- In 2023, Faroe Islands ranked #146 out of 199 countries reporting Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports).
- How does Faroe Islands's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023 was 5.08, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #38 of 53.
- What is Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.R3.ZS), CC BY 4.0.