Faroe Islands vs Marshall Islands: Net trade in goods and services
Net trade in goods and services over time
- Faroe Islands
- Marshall Islands
How they compare
Marshall Islands currently reports -114.66 million BoP, current US$ against -130.43 million BoP, current US$ in Faroe Islands, a difference of 15.77 million BoP, current US$.
The two have swapped places 2 times across 7 shared years of data; in 2005 it was Marshall Islands ahead.
Faroe Islands ranks 92nd and Marshall Islands ranks 90th of 200 countries.
Marshall Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Marshall Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -224.58 million BoP, current US$ | -110.49 million BoP, current US$ | 114.09 million BoP, current US$ | Marshall Islands |
| 2010s | -107.72 million BoP, current US$ | -104.72 million BoP, current US$ | 3.00 million BoP, current US$ | Marshall Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods and services, Faroe Islands or Marshall Islands?
- Marshall Islands, at -114.66 million BoP, current US$ against -130.43 million BoP, current US$ in Faroe Islands as of 2024.
- What is the difference in net trade in goods and services between Faroe Islands and Marshall Islands?
- 15.77 million BoP, current US$, with Marshall Islands ahead.
- How many years of comparable data are there for Faroe Islands and Marshall Islands?
- 7 years are reported by both, from 2005 to 2011.
- How do Faroe Islands and Marshall Islands rank globally for net trade in goods and services?
- Faroe Islands ranks 92nd and Marshall Islands ranks 90th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods and services (BoP, current US$). 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 indicator is expressed in United States dollars.