Faroe Islands vs Palau: Net trade in goods and services
Faroe Islands
-130.43 million BoP, current US$
in 2011
Palau
-143.53 million BoP, current US$
in 2023
Faroe Islands rank
92nd
Palau rank
94th
Net trade in goods and services over time
- Faroe Islands
- Palau
How they compare
Faroe Islands currently reports -130.43 million BoP, current US$ against -143.53 million BoP, current US$ in Palau, a difference of 13.10 million BoP, current US$.
Across all 7 years both countries report, Palau has been ahead every year.
Faroe Islands ranks 92nd and Palau ranks 94th of 199 countries.
Palau has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -224.58 million BoP, current US$ | -56.07 million BoP, current US$ | 168.51 million BoP, current US$ | Palau |
| 2010s | -107.72 million BoP, current US$ | -49.70 million BoP, current US$ | 58.03 million BoP, current US$ | Palau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods and services, Faroe Islands or Palau?
- Faroe Islands, at -130.43 million BoP, current US$ against -143.53 million BoP, current US$ in Palau as of 2011.
- What is the difference in net trade in goods and services between Faroe Islands and Palau?
- 13.10 million BoP, current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Palau?
- 7 years are reported by both, from 2005 to 2011.
- How do Faroe Islands and Palau rank globally for net trade in goods and services?
- Faroe Islands ranks 92nd and Palau ranks 94th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods and services (BoP, current US$). 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.