Faroe Islands: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 9.08.
That's up 2.6% from 2022, the highest value since .
The global average for this indicator in 2023 was 22.36 . Faroe Islands ranks #150 globally out of 204 reporting countries. Within Europe & Central Asia, it ranks #43 of 53.
Source: World Bank Open Data (TM.VAL.MRCH.OR.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
- 18.81
- Trough
- 4.70
- 1-year change
- +2.6%
- 5-year change
- -31.8%
- -7.4% / yr
- 10-year change
- -34.8%
- -4.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 9.0805 | |
| 8.8516 | |
| 11.1758 | |
| 12.2003 | |
| 12.6683 | |
| 13.3115 | |
| 14.3367 | |
| 14.7211 | |
| 18.8105 | |
| 13.4746 |
About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 9.08, according to World Bank Open Data.
- Is Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rose 2.6% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, Faroe Islands ranked #150 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does Faroe Islands's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #43 of 53.
- What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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.OR.ZS), CC BY 4.0.