Cyprus vs Faroe Islands: External balance on goods and services
External balance on goods and services over time
- Cyprus
- Faroe Islands
How they compare
Cyprus currently reports 2.06 billion current LCU against 938.80 million current LCU in Faroe Islands, a difference of 1.12 billion current LCU.
That makes Cyprus's figure about 2.2 times Faroe Islands's.
The two have swapped places 12 times across 50 shared years of data; in 1975 it was Cyprus ahead.
Cyprus ranks 69th and Faroe Islands ranks 72nd of 192 countries.
Across the 6 decades both report, Cyprus averaged higher in 4 and Faroe Islands in 2.
Head to head by decade
| Decade | Cyprus | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -138.88 million current LCU | -179.00 million current LCU | 40.12 million current LCU | Cyprus |
| 1980s | -215.64 million current LCU | -585.80 million current LCU | 370.16 million current LCU | Cyprus |
| 1990s | -107.92 million current LCU | 356.77 million current LCU | 464.69 million current LCU | Faroe Islands |
| 2000s | -371.02 million current LCU | -1.10 billion current LCU | 728.51 million current LCU | Cyprus |
| 2010s | -86.38 million current LCU | -21.72 million current LCU | 64.66 million current LCU | Faroe Islands |
| 2020s | 776.70 million current LCU | 202.58 million current LCU | 574.12 million current LCU | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Cyprus or Faroe Islands?
- Cyprus, at 2.06 billion current LCU against 938.80 million current LCU in Faroe Islands as of 2025.
- What is the difference in external balance on goods and services between Cyprus and Faroe Islands?
- 1.12 billion current LCU, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Faroe Islands?
- 50 years are reported by both, from 1975 to 2024.
- How do Cyprus and Faroe Islands rank globally for external balance on goods and services?
- Cyprus ranks 69th and Faroe Islands ranks 72nd of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.