Imports (% of GDP) in the Faroe Islands in 2024 — 51.2%. Ranked 71 in the world out of 172. Since 1962, the indicator has fallen by 1.02 pp.
1962–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | % | Change, pp |
|---|---|---|
| 2024 | 51.2 | −4.95 pp |
| 2023 | 56.14 | −5.35 pp |
| 2022 | 61.49 | +9.98 pp |
| 2021 | 51.51 | +2.71 pp |
| 2020 | 48.8 | −4.06 pp |
| 2019 | 52.85 | −1.2 pp |
| 2018 | 54.06 | +3.18 pp |
| 2017 | 50.87 | +0.86 pp |
| 2016 | 50.02 | −2.38 pp |
| 2015 | 52.39 | −0.33 pp |
| 2014 | 52.73 | −5.89 pp |
| 2013 | 58.62 | −5.98 pp |
| 2012 | 64.6 | +11.19 pp |
| 2011 | 53.41 | +2.95 pp |
| 2010 | 50.46 | −2.74 pp |
| 2009 | 53.2 | −4.32 pp |
| 2008 | 57.52 | +0.14 pp |
| 2007 | 57.38 | +1.78 pp |
| 2006 | 55.6 | −3.32 pp |
| 2005 | 58.92 | +9.2 pp |
| 2004 | 49.71 | −11.77 pp |
| 2003 | 61.49 | +11.93 pp |
| 2002 | 49.56 | −3.78 pp |
| 2001 | 53.34 | −5.87 pp |
| 2000 | 59.21 | +7.48 pp |
| 1999 | 51.73 | +6.77 pp |
| 1998 | 44.96 | −3.93 pp |
| 1997 | 48.89 | −0.03 pp |
| 1996 | 48.92 | +13.95 pp |
| 1995 | 34.97 | +2.79 pp |
| 1994 | 32.18 | +3.28 pp |
| 1993 | 28.9 | −7.57 pp |
| 1992 | 36.47 | +3.18 pp |
| 1991 | 33.29 | −1.76 pp |
| 1990 | 35.05 | −4.64 pp |
| 1989 | 39.69 | −9.71 pp |
| 1988 | 49.4 | −3.91 pp |
| 1987 | 53.31 | +1.79 pp |
| 1986 | 51.52 | −2.51 pp |
| 1985 | 54.04 | −7.6 pp |
| 1984 | 61.64 | +12.22 pp |
| 1983 | 49.42 | +3.84 pp |
| 1982 | 45.58 | −1.38 pp |
| 1981 | 46.96 | +1.91 pp |
| 1980 | 45.05 | −0.84 pp |
| 1979 | 45.89 | +0.94 pp |
| 1978 | 44.94 | +1.32 pp |
| 1977 | 43.62 | −4.67 pp |
| 1976 | 48.29 | −1.55 pp |
| 1975 | 49.84 | −3.26 pp |
| 1974 | 53.1 | +10.83 pp |
| 1973 | 42.27 | +3 pp |
| 1972 | 39.27 | −1.64 pp |
| 1971 | 40.92 | +5.06 pp |
| 1970 | 35.86 | −8.74 pp |
| 1969 | 44.6 | +1.36 pp |
| 1968 | 43.24 | +2.8 pp |
| 1967 | 40.44 | −3.45 pp |
| 1966 | 43.88 | −1.66 pp |
| 1965 | 45.54 | −0.06 pp |
| 1964 | 45.6 | +1.16 pp |
| 1963 | 44.44 | −7.77 pp |
| 1962 | 52.21 | — |
The same indicator for neighboring countries — with links to their pages
Imports of goods and services as a percent of GDP — a measure of how far an economy depends on supplies from abroad. High values are typical both of small open economies and of countries embedded in global supply chains, where imported components are processed and shipped back out.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How far the economy is oriented toward external markets.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Exports of goods and servicesThe value of goods shipped out and of services provided to non-residents, in US dollars.
Trade High-technology exports (% of manufactured exports)What part of manufactured exports consists of high-technology products.
Trade Merchandise exportsExports of goods only, without services — WTO data.
