Estonia vs Faroe Islands: External balance on goods and services
External balance on goods and services over time
- Estonia
- Faroe Islands
How they compare
Faroe Islands currently reports 938.80 million current LCU against 401.56 million current LCU in Estonia, a difference of 537.25 million current LCU.
That makes Faroe Islands's figure about 2.3 times Estonia's.
The two have swapped places 10 times across 32 shared years of data; in 1993 it was Faroe Islands ahead.
Estonia ranks 75th and Faroe Islands ranks 72nd of 192 countries.
Across the 4 decades both report, Estonia averaged higher in 2 and Faroe Islands in 2.
Head to head by decade
| Decade | Estonia | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -293.35 million current LCU | 215.96 million current LCU | 509.30 million current LCU | Faroe Islands |
| 2000s | -589.51 million current LCU | -1.10 billion current LCU | 510.02 million current LCU | Estonia |
| 2010s | 740.04 million current LCU | -21.72 million current LCU | 761.76 million current LCU | Estonia |
| 2020s | -101.05 million current LCU | 202.58 million current LCU | 303.63 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Estonia or Faroe Islands?
- Faroe Islands, at 938.80 million current LCU against 401.56 million current LCU in Estonia as of 2024.
- What is the difference in external balance on goods and services between Estonia and Faroe Islands?
- 537.25 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Estonia and Faroe Islands?
- 32 years are reported by both, from 1993 to 2024.
- How do Estonia and Faroe Islands rank globally for external balance on goods and services?
- Estonia ranks 75th 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.
Individual pages
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.