Ecuador vs Faroe Islands: External balance on goods and services as a percent of GDP
Ecuador
3.5%
in 2025
Faroe Islands
3.4%
in 2024
Ecuador rank
52nd
Faroe Islands rank
53rd
External balance on goods and services as a percent of GDP over time
- Ecuador
- Faroe Islands
How they compare
Ecuador currently reports 3.5% against 3.4% in Faroe Islands, a difference of 0.1%.
The two have swapped places 14 times across 63 shared years of data; in 1962 it was Ecuador ahead.
Ecuador ranks 52nd and Faroe Islands ranks 53rd of 191 countries.
Across the 7 decades both report, Ecuador averaged higher in 6 and Faroe Islands in 1.
Head to head by decade
| Decade | Ecuador | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -1.6% | -7.0% | 5.4% | Ecuador |
| 1970s | -1.9% | -5.5% | 3.6% | Ecuador |
| 1980s | -1.7% | -12.4% | 10.7% | Ecuador |
| 1990s | -0.9% | 6.7% | 7.6% | Faroe Islands |
| 2000s | 3.1% | -9.8% | 12.9% | Ecuador |
| 2010s | 0.3% | -0.7% | 1.0% | Ecuador |
| 2020s | 1.4% | 0.7% | 0.7% | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services as a percent of gdp, Ecuador or Faroe Islands?
- Ecuador, at 3.5% against 3.4% in Faroe Islands as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Ecuador and Faroe Islands?
- 0.1%, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Faroe Islands?
- 63 years are reported by both, from 1962 to 2024.
- How do Ecuador and Faroe Islands rank globally for external balance on goods and services as a percent of gdp?
- Ecuador ranks 52nd and Faroe Islands ranks 53rd of 191 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.