Faroe Islands vs Lithuania: External balance on goods and services
External balance on goods and services over time
- Faroe Islands
- Lithuania
How they compare
Lithuania currently reports 3.9% against 3.4% in Faroe Islands, a difference of 0.5%.
That makes Lithuania's figure about 1.1 times Faroe Islands's.
The two have swapped places 13 times across 30 shared years of data; in 1995 it was Faroe Islands ahead.
Faroe Islands ranks 53rd and Lithuania ranks 50th of 193 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 1 and Lithuania in 3.
Head to head by decade
| Decade | Faroe Islands | Lithuania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.1% | -10.3% | 11.3% | Faroe Islands |
| 2000s | -9.8% | -7.4% | 2.4% | Lithuania |
| 2010s | -0.7% | 0.8% | 1.5% | Lithuania |
| 2020s | 0.7% | 4.2% | 3.5% | Lithuania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Faroe Islands or Lithuania?
- Lithuania, at 3.9% against 3.4% in Faroe Islands as of 2025.
- What is the difference in external balance on goods and services between Faroe Islands and Lithuania?
- 0.5%, with Lithuania ahead.
- How many years of comparable data are there for Faroe Islands and Lithuania?
- 30 years are reported by both, from 1995 to 2024.
- How do Faroe Islands and Lithuania rank globally for external balance on goods and services?
- Faroe Islands ranks 53rd and Lithuania ranks 50th 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.