Faroe Islands vs Spain: External balance on goods and services
External balance on goods and services over time
- Faroe Islands
- Spain
How they compare
Spain currently reports 3.8% against 3.4% in Faroe Islands, a difference of 0.4%.
That makes Spain's figure about 1.1 times Faroe Islands's.
The two have swapped places 13 times across 55 shared years of data; in 1970 it was Faroe Islands ahead.
Faroe Islands ranks 53rd and Spain ranks 51st of 193 countries.
Across the 6 decades both report, Faroe Islands averaged higher in 1 and Spain in 5.
Head to head by decade
| Decade | Faroe Islands | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -5.5% | -2.1% | 3.4% | Spain |
| 1980s | -12.4% | -1.4% | 11.0% | Spain |
| 1990s | 6.7% | -1.8% | 8.5% | Faroe Islands |
| 2000s | -9.8% | -3.5% | 6.3% | Spain |
| 2010s | -0.7% | 2.4% | 3.1% | Spain |
| 2020s | 0.7% | 2.3% | 1.6% | Spain |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Faroe Islands or Spain?
- Spain, at 3.8% against 3.4% in Faroe Islands as of 2025.
- What is the difference in external balance on goods and services between Faroe Islands and Spain?
- 0.4%, with Spain ahead.
- How many years of comparable data are there for Faroe Islands and Spain?
- 55 years are reported by both, from 1970 to 2024.
- How do Faroe Islands and Spain rank globally for external balance on goods and services?
- Faroe Islands ranks 53rd and Spain ranks 51st 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.