Faroe Islands FO: Import Volume Index

Faroe Islands FO: Import Volume Index data was reported at 132.164 2000=100 in 2016. This records an increase from the previous number of 115.907 2000=100 for 2015. Faroe Islands FO: Import Volume Index data is updated yearly, averaging 116.886 2000=100 from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 139.499 2000=100 in 2007 and a record low of 95.896 2000=100 in 2002. Faroe Islands FO: Import Volume Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Trade Index. Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the import volume indexes (lines 73) in the IMF's International Financial Statistics are used.; ; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; ;

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