Faroe Islands vs Latvia: Net trade in goods (BoP, current US$), annual growth rate

Faroe Islands
-37 % change on previous year
in 2011
Latvia
-37.94 % change on previous year
in 2025
Faroe Islands rank
176th
Latvia rank
177th

Net trade in goods (BoP, current US$), annual growth rate over time

  • Faroe Islands
  • Latvia
-1.0k-5000500199320092025

How they compare

Faroe Islands currently reports -37 % change on previous year against -37.94 % change on previous year in Latvia, a difference of 0.94 % change on previous year.

The two have swapped places 7 times across 13 shared years of data; in 1999 it was Latvia ahead.

Faroe Islands ranks 176th and Latvia ranks 177th of 199 countries.

Across the 3 decades both report, Faroe Islands averaged higher in 1 and Latvia in 2.

Head to head by decade

Decade Faroe Islands Latvia Difference Ahead
1990s -74.97 % change on previous year 4.83 % change on previous year 79.8 % change on previous year Latvia
2000s -99.36 % change on previous year -15.36 % change on previous year 84 % change on previous year Latvia
2010s 277.65 % change on previous year -32.53 % change on previous year 310.19 % change on previous year Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net trade in goods (bop, current us$), annual growth rate, Faroe Islands or Latvia?
Faroe Islands, at -37 % change on previous year against -37.94 % change on previous year in Latvia as of 2011.
What is the difference in net trade in goods (bop, current us$), annual growth rate between Faroe Islands and Latvia?
0.94 % change on previous year, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Latvia?
13 years are reported by both, from 1999 to 2011.
How do Faroe Islands and Latvia rank globally for net trade in goods (bop, current us$), annual growth rate?
Faroe Islands ranks 176th and Latvia ranks 177th of 199 countries.
Where does this data come from?
Statizoid (derived), published as Net trade in goods (BoP, current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Latvia: Net trade in goods (BoP, current US$), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://economy.statizoid.com/compare/net-trade-in-goods-bop-current-us-annual-growth-rate/faroe-islands/latvia/

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About this data

Indicator
Net trade in goods (BoP, current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
200 places, 7,471 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.