Faroe Islands vs Ghana: External balance on goods and services (current US$), annual growth

Faroe Islands
227.91 % change on previous year
in 2024
Ghana
239.87 % change on previous year
in 2024
Faroe Islands rank
8th
Ghana rank
7th

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

  • Faroe Islands
  • Ghana
-500-2500250500196119922024

How they compare

Ghana currently reports 239.87 % change on previous year against 227.91 % change on previous year in Faroe Islands, a difference of 11.96 % change on previous year.

That makes Ghana's figure about 1.1 times Faroe Islands's.

The two have swapped places 26 times across 52 shared years of data; in 1966 it was Ghana ahead.

Faroe Islands ranks 8th and Ghana ranks 7th of 192 countries.

Across the 7 decades both report, Faroe Islands averaged higher in 2 and Ghana in 5.

Head to head by decade

Decade Faroe Islands Ghana Difference Ahead
1960s -166.51 % change on previous year 34.22 % change on previous year 200.73 % change on previous year Ghana
1970s -76.27 % change on previous year -64.63 % change on previous year 11.64 % change on previous year Ghana
1980s -4.17 % change on previous year -86.06 % change on previous year 81.89 % change on previous year Faroe Islands
1990s -61.75 % change on previous year -27.36 % change on previous year 34.4 % change on previous year Ghana
2000s -13.13 % change on previous year -10.64 % change on previous year 2.5 % change on previous year Ghana
2010s 119.85 % change on previous year 0.4053 % change on previous year 119.45 % change on previous year Faroe Islands
2020s 24.1 % change on previous year 60.13 % change on previous year 36.03 % change on previous year Ghana

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services (current us$), annual growth, Faroe Islands or Ghana?
Ghana, at 239.87 % change on previous year against 227.91 % change on previous year in Faroe Islands as of 2024.
What is the difference in external balance on goods and services (current us$), annual growth between Faroe Islands and Ghana?
11.96 % change on previous year, with Ghana ahead.
How many years of comparable data are there for Faroe Islands and Ghana?
52 years are reported by both, from 1966 to 2024.
How do Faroe Islands and Ghana rank globally for external balance on goods and services (current us$), annual growth?
Faroe Islands ranks 8th and Ghana ranks 7th of 192 countries.
Where does this data come from?
Statizoid (derived), published as External balance on goods and services (current US$), 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 Ghana: External balance on goods and services (current US$), annual growth. Statizoid, drawing on Statizoid (derived). Retrieved 09 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-current-us-annual-growth-rate/faroe-islands/ghana/

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About this data

Indicator
External balance on goods and services (current US$), 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, 8,628 data points, 1961–2025
Last refreshed

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