Faroe Islands vs Hong Kong: External balance on goods and services as a percent of GDP
Faroe Islands
3.4%
in 2024
Hong Kong
2.9%
in 2025
Faroe Islands rank
53rd
Hong Kong rank
56th
External balance on goods and services as a percent of GDP over time
- Faroe Islands
- Hong Kong
How they compare
Faroe Islands currently reports 3.4% against 2.9% in Hong Kong, a difference of 0.5%.
That makes Faroe Islands's figure about 1.2 times Hong Kong's.
The two have swapped places 11 times across 63 shared years of data; in 1962 it was Faroe Islands ahead.
Faroe Islands ranks 53rd and Hong Kong ranks 56th of 191 countries.
Across the 7 decades both report, Faroe Islands averaged higher in 1 and Hong Kong in 6.
Head to head by decade
| Decade | Faroe Islands | Hong Kong | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -7.0% | -1.4% | 5.6% | Hong Kong |
| 1970s | -5.5% | 5.6% | 11.1% | Hong Kong |
| 1980s | -12.4% | 5.8% | 18.2% | Hong Kong |
| 1990s | 6.7% | 2.5% | 4.3% | Faroe Islands |
| 2000s | -9.8% | 8.7% | 18.5% | Hong Kong |
| 2010s | -0.7% | 1.9% | 2.5% | Hong Kong |
| 2020s | 0.7% | 3.2% | 2.5% | Hong Kong |
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, Faroe Islands or Hong Kong?
- Faroe Islands, at 3.4% against 2.9% in Hong Kong as of 2024.
- What is the difference in external balance on goods and services as a percent of gdp between Faroe Islands and Hong Kong?
- 0.5%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Hong Kong?
- 63 years are reported by both, from 1962 to 2024.
- How do Faroe Islands and Hong Kong rank globally for external balance on goods and services as a percent of gdp?
- Faroe Islands ranks 53rd and Hong Kong ranks 56th 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.