Exports of goods and services in Faroe Islands
Faroe Islands: Exports of goods and services was 1.21 billion BoP, current US$ in 2011. ▲ Rising
Exports of goods and services in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for exports of goods and services in Faroe Islands is 1.21 billion BoP, current US$, measured in 2011. That is the highest value across all 14 years on record.
The figure is up 18.2% on the previous year and up 111.7% over ten years.
Over the whole period, exports of goods and services in Faroe Islands peaked at 1.21 billion BoP, current US$ in 2011 and was at its lowest, 493.19 million BoP, current US$, in 1998.
Faroe Islands ranks 170th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Exports of goods and services in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 493.19 million BoP, current US$ | — |
| 1999 | 527.65 million BoP, current US$ | +7.0% |
| 2000 | 530.75 million BoP, current US$ | +0.6% |
| 2001 | 573.00 million BoP, current US$ | +8.0% |
| 2002 | 608.63 million BoP, current US$ | +6.2% |
| 2003 | 671.27 million BoP, current US$ | +10.3% |
| 2004 | 705.01 million BoP, current US$ | +5.0% |
| 2005 | 735.78 million BoP, current US$ | +4.4% |
| 2006 | 825.07 million BoP, current US$ | +12.1% |
| 2007 | 959.62 million BoP, current US$ | +16.3% |
| 2008 | 1.10 billion BoP, current US$ | +15.1% |
| 2009 | 935.65 million BoP, current US$ | -15.3% |
| 2010 | 1.03 billion BoP, current US$ | +9.6% |
| 2011 | 1.21 billion BoP, current US$ | +18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 510.42 million BoP, current US$ | 493.19 million BoP, current US$ | 527.65 million BoP, current US$ | 2 |
| 2000s | 764.91 million BoP, current US$ | 530.75 million BoP, current US$ | 1.10 billion BoP, current US$ | 10 |
| 2010s | 1.12 billion BoP, current US$ | 1.03 billion BoP, current US$ | 1.21 billion BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 167 Liberia 1.35 billion BoP, current US$ compare
- 168 Antigua and Barbuda 1.31 billion BoP, current US$ compare
- 169 Cape Verde 1.28 billion BoP, current US$ compare
- 171 French Polynesia 1.20 billion BoP, current US$ compare
- 172 Lesotho 948.61 million BoP, current US$ compare
- 173 Bhutan 948.20 million BoP, current US$ compare
More economy & growth data for Faroe Islands
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 7,019 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Industry (including construction), value added (current LCU), annual -5.07 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
Frequently asked questions
- What is exports of goods and services in Faroe Islands?
- Exports of goods and services in Faroe Islands was 1.21 billion BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Faroe Islands?
- The highest recorded value was 1.21 billion BoP, current US$ in 2011.
- What is the lowest exports of goods and services recorded in Faroe Islands?
- The lowest recorded value was 493.19 million BoP, current US$ in 1998.
- How does Faroe Islands rank for exports of goods and services?
- Faroe Islands ranks 170th out of 200 countries with data for 2011.
- Is exports of goods and services rising or falling in Faroe Islands?
- Over the last ten years it is up 111.7%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.