Faroe Islands vs Libya: Trade in services as share of GDP
Faroe Islands
24.0%
in 2011
Libya
24.3%
in 2023
Faroe Islands rank
91st
Libya rank
89th
Trade in services as share of GDP over time
- Faroe Islands
- Libya
How they compare
Libya currently reports 24.3% against 24.0% in Faroe Islands, a difference of 0.3%.
Across all 14 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 91st and Libya ranks 89th of 198 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 13.1% | 2.9% | 10.2% | Faroe Islands |
| 2000s | 18.8% | 6.0% | 12.8% | Faroe Islands |
| 2010s | 23.9% | 8.9% | 15.0% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade in services as share of gdp, Faroe Islands or Libya?
- Libya, at 24.3% against 24.0% in Faroe Islands as of 2023.
- What is the difference in trade in services as share of gdp between Faroe Islands and Libya?
- 0.3%, with Libya ahead.
- How many years of comparable data are there for Faroe Islands and Libya?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Libya rank globally for trade in services as share of gdp?
- Faroe Islands ranks 91st and Libya ranks 89th of 198 countries.
- Where does this data come from?
- International Monetary Fund (IMF), OECD, and World Bank (2026) β processed by Our World in Data, published as Trade in services as share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).