Exports of goods and services (current LCU), annual growth rate in Faroe Islands
Faroe Islands: Exports of goods and services (current LCU), annual growth rate was -1.89 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-1.89 % change on previous year
Change on year
down 82.3%
World rank
161st
of 192 countries
All-time high
46.35 % change on previous year
in 1973
All-time low
-18.94 % change on previous year
in 1993
Years of data
62
1963–2024
Exports of goods and services (current LCU), annual growth rate in Faroe Islands, 1963–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for exports of goods and services (current lcu), annual growth rate in Faroe Islands is -1.89 % change on previous year, measured in 2024.
That represents a change of down 82.3% on the previous year and down 144.1% over ten years.
Over the whole period, exports of goods and services (current lcu), annual growth rate in Faroe Islands peaked at 46.35 % change on previous year in 1973 and was at its lowest, -18.94 % change on previous year, in 1993.
That places Faroe Islands 161st out of 192 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (current LCU), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1963 | 7.37 % change on previous year | — |
| 1964 | 0.3084 % change on previous year | -95.8% |
| 1965 | 28.98 % change on previous year | +9296.0% |
| 1966 | -14.24 % change on previous year | -149.2% |
| 1967 | 23.35 % change on previous year | -263.9% |
| 1968 | -13.18 % change on previous year | -156.5% |
| 1969 | 18.23 % change on previous year | -238.3% |
| 1970 | 37.76 % change on previous year | +107.1% |
| 1971 | 11.04 % change on previous year | -70.8% |
| 1972 | 15.57 % change on previous year | +41.1% |
| 1973 | 46.35 % change on previous year | +197.7% |
| 1974 | 3.08 % change on previous year | -93.4% |
| 1975 | -4.51 % change on previous year | -246.5% |
| 1976 | 36.08 % change on previous year | -900.5% |
| 1977 | 36.52 % change on previous year | +1.2% |
| 1978 | -10.12 % change on previous year | -127.7% |
| 1979 | 2.36 % change on previous year | -123.3% |
| 1980 | 26.97 % change on previous year | +1041.9% |
| 1981 | 17.79 % change on previous year | -34.1% |
| 1982 | 5.07 % change on previous year | -71.5% |
| 1983 | 25.49 % change on previous year | +403.1% |
| 1984 | 7.42 % change on previous year | -70.9% |
| 1985 | 15.54 % change on previous year | +109.3% |
| 1986 | 4.74 % change on previous year | -69.5% |
| 1987 | 18.79 % change on previous year | +296.4% |
| 1988 | -1.57 % change on previous year | -108.4% |
| 1989 | 7.78 % change on previous year | -594.6% |
| 1990 | 1.72 % change on previous year | -77.9% |
| 1991 | 7.94 % change on previous year | +362.5% |
| 1992 | -5.23 % change on previous year | -165.8% |
| 1993 | -18.94 % change on previous year | +262.5% |
| 1994 | -2.68 % change on previous year | -85.8% |
| 1995 | -2.19 % change on previous year | -18.5% |
| 1996 | 39.04 % change on previous year | -1884.7% |
| 1997 | 5.1 % change on previous year | -86.9% |
| 1998 | 14.88 % change on previous year | +191.6% |
| 1999 | 11.08 % change on previous year | -25.5% |
| 2000 | 15.43 % change on previous year | +39.2% |
| 2001 | 12.45 % change on previous year | -19.3% |
| 2002 | -0.8094 % change on previous year | -106.5% |
| 2003 | -6.3 % change on previous year | +678.5% |
| 2004 | -2.42 % change on previous year | -61.6% |
| 2005 | -1.74 % change on previous year | -28.0% |
| 2006 | 13.03 % change on previous year | -847.8% |
| 2007 | 6.96 % change on previous year | -46.6% |
| 2008 | 8.79 % change on previous year | +26.4% |
| 2009 | -7.92 % change on previous year | -190.0% |
| 2010 | 14.02 % change on previous year | -277.1% |
| 2011 | 15.12 % change on previous year | +7.9% |
| 2012 | 4.76 % change on previous year | -68.5% |
| 2013 | 13.36 % change on previous year | +180.7% |
| 2014 | 4.29 % change on previous year | -67.9% |
| 2015 | 5.49 % change on previous year | +28.1% |
| 2016 | 12.07 % change on previous year | +119.9% |
| 2017 | 7.39 % change on previous year | -38.8% |
| 2018 | -4.11 % change on previous year | -155.7% |
| 2019 | 14.24 % change on previous year | -446.3% |
| 2020 | -16.44 % change on previous year | -215.4% |
| 2021 | 19.09 % change on previous year | -216.1% |
| 2022 | 29.86 % change on previous year | +56.4% |
| 2023 | -1.04 % change on previous year | -103.5% |
| 2024 | -1.89 % change on previous year | +82.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.26 % change on previous year | -14.24 % change on previous year | 28.98 % change on previous year | 7 |
| 1970s | 17.41 % change on previous year | -10.12 % change on previous year | 46.35 % change on previous year | 10 |
| 1980s | 12.8 % change on previous year | -1.57 % change on previous year | 26.97 % change on previous year | 10 |
| 1990s | 5.07 % change on previous year | -18.94 % change on previous year | 39.04 % change on previous year | 10 |
| 2000s | 3.75 % change on previous year | -7.92 % change on previous year | 15.43 % change on previous year | 10 |
| 2010s | 8.66 % change on previous year | -4.11 % change on previous year | 15.12 % change on previous year | 10 |
| 2020s | 5.92 % change on previous year | -16.44 % change on previous year | 29.86 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 158 Madagascar -0.8052 % change on previous year compare
- 159 Belgium -1.49 % change on previous year compare
- 160 Greece -1.69 % change on previous year compare
- 162 Belarus -2.01 % change on previous year compare
- 163 Australia -2.11 % change on previous year compare
- 164 Montenegro -2.12 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
Frequently asked questions
- What is exports of goods and services (current lcu), annual growth rate in Faroe Islands?
- Exports of goods and services (current lcu), annual growth rate in Faroe Islands was -1.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest exports of goods and services (current lcu), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 46.35 % change on previous year in 1973.
- What is the lowest exports of goods and services (current lcu), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -18.94 % change on previous year in 1993.
- How does Faroe Islands rank for exports of goods and services (current lcu), annual growth rate?
- Faroe Islands ranks 161st out of 192 countries with data for 2024.
- Is exports of goods and services (current lcu), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 144.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Exports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Exports of goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Exports of goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.