Burundi vs Faroe Islands: Balanced trade in services
Balanced trade in services over time
- Burundi
- Faroe Islands
How they compare
Faroe Islands currently reports 0.3741 US dollars, exchange rate converted against 0.3683 US dollars, exchange rate converted in Burundi, a difference of 0.0058 US dollars, exchange rate converted.
The two have swapped places 2 times across 20 shared years of data; in 2005 it was Faroe Islands ahead.
Burundi ranks 156th and Faroe Islands ranks 155th of 174 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Burundi | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.1325 US dollars, exchange rate converted | 0.162 US dollars, exchange rate converted | 0.0295 US dollars, exchange rate converted | Faroe Islands |
| 2010s | 0.187 US dollars, exchange rate converted | 0.2193 US dollars, exchange rate converted | 0.0323 US dollars, exchange rate converted | Faroe Islands |
| 2020s | 0.2625 US dollars, exchange rate converted | 0.2727 US dollars, exchange rate converted | 0.0102 US dollars, exchange rate converted | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher balanced trade in services, Burundi or Faroe Islands?
- Faroe Islands, at 0.3741 US dollars, exchange rate converted against 0.3683 US dollars, exchange rate converted in Burundi as of 2024.
- What is the difference in balanced trade in services between Burundi and Faroe Islands?
- 0.0058 US dollars, exchange rate converted, with Faroe Islands ahead.
- How many years of comparable data are there for Burundi and Faroe Islands?
- 20 years are reported by both, from 2005 to 2024.
- How do Burundi and Faroe Islands rank globally for balanced trade in services?
- Burundi ranks 156th and Faroe Islands ranks 155th of 174 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Balanced trade in services (BaTIS). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html