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 0.5793 BoP, current US$ per US$ of GDP in 2011. ▼ Falling
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 US$ of GDP.
Analysis
Faroe Islands recorded 0.5793 BoP, current US$ per US$ of GDP for exports of goods, services and primary income (bop, current us$), per in 2011.
The figure is up 9.3% on the previous year and up 1.3% over ten years.
Over the whole period, exports of goods, services and primary income (bop, current us$), per in Faroe Islands peaked at 0.5925 BoP, current US$ per US$ of GDP in 2000 and was at its lowest, 0.4693 BoP, current US$ per US$ of GDP, in 2004.
Faroe Islands ranks 57th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling 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 US$ of GDP | Change |
|---|---|---|
| 1998 | 0.5479 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.5686 BoP, current US$ per US$ of GDP | +3.8% |
| 2000 | 0.5925 BoP, current US$ per US$ of GDP | +4.2% |
| 2001 | 0.5719 BoP, current US$ per US$ of GDP | -3.5% |
| 2002 | 0.5495 BoP, current US$ per US$ of GDP | -3.9% |
| 2003 | 0.5177 BoP, current US$ per US$ of GDP | -5.8% |
| 2004 | 0.4693 BoP, current US$ per US$ of GDP | -9.4% |
| 2005 | 0.501 BoP, current US$ per US$ of GDP | +6.7% |
| 2006 | 0.4981 BoP, current US$ per US$ of GDP | -0.6% |
| 2007 | 0.5059 BoP, current US$ per US$ of GDP | +1.6% |
| 2008 | 0.5367 BoP, current US$ per US$ of GDP | +6.1% |
| 2009 | 0.4769 BoP, current US$ per US$ of GDP | -11.2% |
| 2010 | 0.5299 BoP, current US$ per US$ of GDP | +11.1% |
| 2011 | 0.5793 BoP, current US$ per US$ of GDP | +9.3% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.5793 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.587 BoP, current US$ per US$ of GDP, 99% of the median. (72 countries reporting)
- Faroe Islands's 0.5793 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.5342 BoP, current US$ per US$ of GDP, 1.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5582 BoP, current US$ per US$ of GDP | 0.5479 BoP, current US$ per US$ of GDP | 0.5686 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.5219 BoP, current US$ per US$ of GDP | 0.4693 BoP, current US$ per US$ of GDP | 0.5925 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.5546 BoP, current US$ per US$ of GDP | 0.5299 BoP, current US$ per US$ of GDP | 0.5793 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 54 Grenada 0.6052 BoP, current US$ per US$ of GDP compare
- 55 Norway 0.5948 BoP, current US$ per US$ of GDP compare
- 56 Belarus 0.5833 BoP, current US$ per US$ of GDP compare
- 58 Croatia 0.5786 BoP, current US$ per US$ of GDP compare
- 59 Micronesia (country) 0.5722 BoP, current US$ per US$ of GDP
- 60 Antigua and Barbuda 0.5715 BoP, current US$ per US$ of GDP 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 0.5793 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest exports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 0.5925 BoP, current US$ per US$ of GDP in 2000.
- What is the lowest exports of goods, services and primary income (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 0.4693 BoP, current US$ per US$ of GDP in 2004.
- How does Faroe Islands rank for exports of goods, services and primary income (bop, current us$), per?
- Faroe Islands ranks 57th out of 198 countries with data for 2011.
- Is exports of goods, services and primary income (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 1.3%. The long-run trend across the full record is falling.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Exports of goods, services and primary income (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods, services and primary income (BoP, current US$) ÷ GDP (current US$)
Computed from
- Exports of goods, services and primary income Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods, services and primary income (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.