Faroe Islands vs Latin America & the Caribbean (IDA & IBRD countries): Transport services

Faroe Islands
40.6%
in 2011
Latin America & the Caribbean (IDA & IBRD countries)
16.7%
in 2025
Faroe Islands rank
19th
Latin America & the Caribbean (IDA & IBRD countries) rank
22nd

Transport services over time

  • Faroe Islands
  • Latin America & the Caribbean (IDA & IBRD countries)
2030405060197920022025

How they compare

Faroe Islands currently reports 40.6% against 16.7% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 23.9%.

That makes Faroe Islands's figure about 2.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.

Across all 14 years both countries report, Faroe Islands has been ahead every year.

Faroe Islands ranks 19th and Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd 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 Latin America & the Caribbean (IDA & IBRD countries) Difference Ahead
1990s 34.2% 18.8% 15.4% Faroe Islands
2000s 43.6% 20.3% 23.4% Faroe Islands
2010s 43.1% 21.2% 21.9% Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher transport services, Faroe Islands or Latin America & the Caribbean (IDA & IBRD countries)?
Faroe Islands, at 40.6% against 16.7% in Latin America & the Caribbean (IDA & IBRD countries) as of 2011.
What is the difference in transport services between Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
23.9%, with Faroe Islands ahead.
How many years of comparable data are there for Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries)?
14 years are reported by both, from 1998 to 2011.
How do Faroe Islands and Latin America & the Caribbean (IDA & IBRD countries) rank globally for transport services?
Faroe Islands ranks 19th and Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd of 198 countries.
Where does this data come from?
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Transport services (% of service exports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Latin America & the Caribbean (IDA & IBRD countries): Transport services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 18 September 2026, from https://economy.statizoid.com/compare/transport-services-percent-of-service-exports-bop/faroe-islands/latin-america-and-the-caribbean-ida-and-ibrd-countries/

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About this data

Indicator
Transport services (% of service exports, BoP)
Unit
% of service exports, BoP
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
243 places, 9,461 data points, 1960–2025
Last refreshed

Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.