Faroe Islands vs Papua New Guinea: External balance on goods and services
External balance on goods and services over time
- Faroe Islands
- Papua New Guinea
How they compare
Papua New Guinea currently reports 1.68 billion current LCU against 938.80 million current LCU in Faroe Islands, a difference of 737.00 million current LCU.
That makes Papua New Guinea's figure about 1.8 times Faroe Islands's.
The two have swapped places 7 times across 43 shared years of data; in 1962 it was Faroe Islands ahead.
Faroe Islands ranks 72nd and Papua New Guinea ranks 71st of 193 countries.
Across the 5 decades both report, Faroe Islands averaged higher in 1 and Papua New Guinea in 4.
Head to head by decade
| Decade | Faroe Islands | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -29.94 million current LCU | -69.95 million current LCU | 40.01 million current LCU | Faroe Islands |
| 1970s | -99.02 million current LCU | -51.51 million current LCU | 47.51 million current LCU | Papua New Guinea |
| 1980s | -585.80 million current LCU | -289.52 million current LCU | 296.28 million current LCU | Papua New Guinea |
| 1990s | 356.77 million current LCU | 407.27 million current LCU | 50.50 million current LCU | Papua New Guinea |
| 2000s | -595.56 million current LCU | 1.39 billion current LCU | 1.99 billion current LCU | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Faroe Islands or Papua New Guinea?
- Papua New Guinea, at 1.68 billion current LCU against 938.80 million current LCU in Faroe Islands as of 2004.
- What is the difference in external balance on goods and services between Faroe Islands and Papua New Guinea?
- 737.00 million current LCU, with Papua New Guinea ahead.
- How many years of comparable data are there for Faroe Islands and Papua New Guinea?
- 43 years are reported by both, from 1962 to 2004.
- How do Faroe Islands and Papua New Guinea rank globally for external balance on goods and services?
- Faroe Islands ranks 72nd and Papua New Guinea ranks 71st of 193 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.