Average tariff applied by developed countries, most-favored nation in Faroe Islands
Faroe Islands: Average tariff applied by developed countries, most-favored nation was 7.6% in 2024. βΌ Falling
Average tariff applied by developed countries, most-favored nation in Faroe Islands, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Faroe Islands recorded 7.6% for average tariff applied by developed countries, most-favored nation in 2024.
Compared with earlier readings it is up 0.1% on the previous year and up 1.1% over ten years.
Over the whole period, average tariff applied by developed countries, most-favored nation in Faroe Islands peaked at 8.8% in 2000 and was at its lowest, 7.2%, in 2017.
Faroe Islands ranks 81st of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.3% | 7.7% | 8.8% | 2 |
| 2010s | 7.6% | 7.2% | 8.0% | 10 |
| 2020s | 7.7% | 7.5% | 7.9% | 5 |
Countries ranked near Faroe Islands
More development goals data for Faroe Islands
- Red List Index 0.8286 index (2025)
- Number of transboundary breeds 1 (2025)
- Number of transboundary breeds (not extinct) 1 (2025)
- Number of transboundary breeds with unknown risk status 1 (2025)
- Number of local breeds with unknown risk status 0 (2025)
- Number of local breeds (not extinct) 2 (2025)
- Number of local breeds kept in the country 2 (2025)
- Domestic material consumption, by type of raw material 515,165 tonnes (2024)
- DEC alternative conversion factor 6.89 ratio (2024)
- Domestic material consumption per capita, by type of raw material 9.3 tonnes (2024)
Frequently asked questions
- What is average tariff applied by developed countries, most-favored nation in Faroe Islands?
- Average tariff applied by developed countries, most-favored nation in Faroe Islands was 7.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, most-favored nation recorded in Faroe Islands?
- The highest recorded value was 8.8% in 2000.
- What is the lowest average tariff applied by developed countries, most-favored nation recorded in Faroe Islands?
- The lowest recorded value was 7.2% in 2017.
- How does Faroe Islands rank for average tariff applied by developed countries, most-favored nation?
- Faroe Islands ranks 81st out of 198 countries with data for 2024.
- Is average tariff applied by developed countries, most-favored nation rising or falling in Faroe Islands?
- Over the last ten years it is up 1.1%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, most-favored nation status, by type of product (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).