Faroe Islands vs Germany: Trade in services (% of GDP)
Trade in services (% of GDP) over time
- Faroe Islands
- Germany
How they compare
Faroe Islands currently reports 24.0% against 22.2% in Germany, a difference of 1.8%.
That makes Faroe Islands's figure about 1.1 times Germany's.
Across all 14 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 96th and Germany ranks 98th of 200 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Germany | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 13.1% | 9.8% | 3.3% | Faroe Islands |
| 2000s | 18.8% | 12.5% | 6.3% | Faroe Islands |
| 2010s | 23.9% | 14.7% | 9.3% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade in services, Faroe Islands or Germany?
- Faroe Islands, at 24.0% against 22.2% in Germany as of 2011.
- What is the difference in trade in services between Faroe Islands and Germany?
- 1.8%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Germany?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Germany rank globally for trade in services?
- Faroe Islands ranks 96th and Germany ranks 98th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Trade in services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.