Faroe Islands vs Hong Kong: External balance on goods and services
External balance on goods and services over time
- Faroe Islands
- Hong Kong
How they compare
Faroe Islands currently reports 3.4% against 2.9% in Hong Kong, a difference of 0.5%.
That makes Faroe Islands's figure about 1.2 times Hong Kong's.
The two have swapped places 11 times across 63 shared years of data; in 1962 it was Faroe Islands ahead.
Faroe Islands ranks 53rd and Hong Kong ranks 56th of 193 countries.
Across the 7 decades both report, Faroe Islands averaged higher in 1 and Hong Kong in 6.
Head to head by decade
| Decade | Faroe Islands | Hong Kong | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -7.0% | -1.4% | 5.6% | Hong Kong |
| 1970s | -5.5% | 5.6% | 11.1% | Hong Kong |
| 1980s | -12.4% | 5.8% | 18.2% | Hong Kong |
| 1990s | 6.7% | 2.5% | 4.3% | Faroe Islands |
| 2000s | -9.8% | 8.7% | 18.5% | Hong Kong |
| 2010s | -0.7% | 1.9% | 2.5% | Hong Kong |
| 2020s | 0.7% | 3.2% | 2.5% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Faroe Islands or Hong Kong?
- Faroe Islands, at 3.4% against 2.9% in Hong Kong as of 2024.
- What is the difference in external balance on goods and services between Faroe Islands and Hong Kong?
- 0.5%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Hong Kong?
- 63 years are reported by both, from 1962 to 2024.
- How do Faroe Islands and Hong Kong rank globally for external balance on goods and services?
- Faroe Islands ranks 53rd and Hong Kong ranks 56th 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.