Faroe Islands vs Libya: Trade in services
Faroe Islands
24.0%
in 2011
Libya
24.3%
in 2023
Faroe Islands rank
93rd
Libya rank
91st
Trade in services 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 93rd and Libya ranks 91st 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 | 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, 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 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?
- Faroe Islands ranks 93rd and Libya ranks 91st 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.