Exports of goods, services and primary income (BoP, current US$), per in Faroe Islands
Faroe Islands: Exports of goods, services and primary income (BoP, current US$), per was 29,902 BoP, current US$ per person in 2011. ▲ Rising
Exports of goods, services and primary income (BoP, current US$), per in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for exports of goods, services and primary income (bop, current us$), per in Faroe Islands is 29,902 BoP, current US$ per person, measured in 2011. That is the highest value across all 14 years on record.
The figure is up 17.8% on the previous year and up 110.1% over ten years.
Over the whole period, exports of goods, services and primary income (bop, current us$), per in Faroe Islands peaked at 29,902 BoP, current US$ per person in 2011 and was at its lowest, 13,548 BoP, current US$ per person, in 1998.
Faroe Islands ranks 26th of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Exports of goods, services and primary income (BoP, current US$), per in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 13,548 BoP, current US$ per person | — |
| 1999 | 14,202 BoP, current US$ per person | +4.8% |
| 2000 | 13,818 BoP, current US$ per person | -2.7% |
| 2001 | 14,230 BoP, current US$ per person | +3.0% |
| 2002 | 14,801 BoP, current US$ per person | +4.0% |
| 2003 | 16,189 BoP, current US$ per person | +9.4% |
| 2004 | 16,729 BoP, current US$ per person | +3.3% |
| 2005 | 18,230 BoP, current US$ per person | +9.0% |
| 2006 | 20,792 BoP, current US$ per person | +14.1% |
| 2007 | 24,461 BoP, current US$ per person | +17.6% |
| 2008 | 27,526 BoP, current US$ per person | +12.5% |
| 2009 | 22,441 BoP, current US$ per person | -18.5% |
| 2010 | 25,394 BoP, current US$ per person | +13.2% |
| 2011 | 29,902 BoP, current US$ per person | +17.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 29,902 BoP, current US$ per person is above the median for high income countries, which is 22,037 BoP, current US$ per person, 1.4× the median. (72 countries reporting)
- Faroe Islands's 29,902 BoP, current US$ per person is above the median for Europe & Central Asia, which is 16,956 BoP, current US$ per person, 1.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13,875 BoP, current US$ per person | 13,548 BoP, current US$ per person | 14,202 BoP, current US$ per person | 2 |
| 2000s | 18,922 BoP, current US$ per person | 13,818 BoP, current US$ per person | 27,526 BoP, current US$ per person | 10 |
| 2010s | 27,648 BoP, current US$ per person | 25,394 BoP, current US$ per person | 29,902 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 23 Aruba 30,713 BoP, current US$ per person compare
- 24 Germany 30,106 BoP, current US$ per person compare
- 25 Finland 29,949 BoP, current US$ per person compare
- 27 Bahrain 29,499 BoP, current US$ per person compare
- 28 Estonia 29,408 BoP, current US$ per person compare
- 29 Kuwait 26,002 BoP, current US$ per person 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$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (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$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is exports of goods, services and primary income (bop, current us$), per in Faroe Islands?
- Exports of goods, services and primary income (bop, current us$), per in Faroe Islands was 29,902 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest exports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 29,902 BoP, current US$ per person in 2011.
- What is the lowest exports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 13,548 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for exports of goods, services and primary income (bop, current us$), per?
- Faroe Islands ranks 26th out of 199 countries with data for 2011.
- Is exports of goods, services and primary income (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 110.1%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods, services and primary income (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Exports of goods, services and primary income (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods, services and primary income (BoP, current US$) ÷ Population, total
Computed from
- Exports of goods, services and primary income Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods, services and primary income (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.