Faroe Islands vs Venezuela, Bolivarian Republic of: External balance on goods and services (current LCU), annual growth

Faroe Islands
228.14 % change on previous year
in 2024
Venezuela, Bolivarian Republic of
120.25 % change on previous year
in 2025
Faroe Islands rank
8th
Venezuela, Bolivarian Republic of rank
10th

External balance on goods and services (current LCU), annual growth over time

  • Faroe Islands
  • Venezuela, Bolivarian Republic of
-50005001.0k196119932025

How they compare

Faroe Islands currently reports 228.14 % change on previous year against 120.25 % change on previous year in Venezuela, Bolivarian Republic of, a difference of 107.89 % change on previous year.

That makes Faroe Islands's figure about 1.9 times Venezuela, Bolivarian Republic of's.

The two have swapped places 20 times across 32 shared years of data; in 1963 it was Faroe Islands ahead.

Faroe Islands ranks 8th and Venezuela, Bolivarian Republic of ranks 10th of 192 countries.

Across the 6 decades both report, Faroe Islands averaged higher in 2 and Venezuela, Bolivarian Republic of in 4.

Head to head by decade

Decade Faroe Islands Venezuela, Bolivarian Republic of Difference Ahead
1960s -125.98 % change on previous year -8.98 % change on previous year 117 % change on previous year Venezuela, Bolivarian Republic of
1970s -88.34 % change on previous year 24.21 % change on previous year 112.55 % change on previous year Venezuela, Bolivarian Republic of
1980s -4.57 % change on previous year 25.54 % change on previous year 30.11 % change on previous year Venezuela, Bolivarian Republic of
1990s 68.01 % change on previous year -100 % change on previous year 168.01 % change on previous year Faroe Islands
2010s 199.9 % change on previous year 68.62 % change on previous year 131.27 % change on previous year Faroe Islands
2020s -14.86 % change on previous year 312.87 % change on previous year 327.73 % change on previous year Venezuela, Bolivarian Republic of

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services (current lcu), annual growth, Faroe Islands or Venezuela, Bolivarian Republic of?
Faroe Islands, at 228.14 % change on previous year against 120.25 % change on previous year in Venezuela, Bolivarian Republic of as of 2024.
What is the difference in external balance on goods and services (current lcu), annual growth between Faroe Islands and Venezuela, Bolivarian Republic of?
107.89 % change on previous year, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Venezuela, Bolivarian Republic of?
32 years are reported by both, from 1963 to 2024.
How do Faroe Islands and Venezuela, Bolivarian Republic of rank globally for external balance on goods and services (current lcu), annual growth?
Faroe Islands ranks 8th and Venezuela, Bolivarian Republic of ranks 10th of 192 countries.
Where does this data come from?
Statizoid (derived), published as External balance on goods and services (current LCU), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Venezuela, Bolivarian Republic of: External balance on goods and services (current LCU), annual growth. Statizoid, drawing on Statizoid (derived). Retrieved 11 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-current-lcu-annual-growth-rate/faroe-islands/venezuela-rb/

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About this data

Indicator
External balance on goods and services (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
192 places, 8,589 data points, 1961–2025
Last refreshed

The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.