Exports of goods, services and primary income in Faroe Islands
Faroe Islands: Exports of goods, services and primary income was 1.45 billion BoP, current US$ in 2011. ▲ Rising
Exports of goods, services and primary income in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Faroe Islands recorded 1.45 billion BoP, current US$ for exports of goods, services and primary income in 2011. That is the highest value across all 14 years on record.
The figure is up 17.5% on the previous year and up 118.7% over ten years.
Over the whole period, exports of goods, services and primary income in Faroe Islands peaked at 1.45 billion BoP, current US$ in 2011 and was at its lowest, 605.25 million BoP, current US$, in 1998.
That places Faroe Islands 169th out of 199 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Exports of goods, services and primary income in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 605.25 million BoP, current US$ | — |
| 1999 | 641.18 million BoP, current US$ | +5.9% |
| 2000 | 632.25 million BoP, current US$ | -1.4% |
| 2001 | 663.61 million BoP, current US$ | +5.0% |
| 2002 | 700.60 million BoP, current US$ | +5.6% |
| 2003 | 777.57 million BoP, current US$ | +11.0% |
| 2004 | 809.43 million BoP, current US$ | +4.1% |
| 2005 | 881.58 million BoP, current US$ | +8.9% |
| 2006 | 1.00 billion BoP, current US$ | +14.0% |
| 2007 | 1.18 billion BoP, current US$ | +17.7% |
| 2008 | 1.34 billion BoP, current US$ | +12.9% |
| 2009 | 1.09 billion BoP, current US$ | -18.1% |
| 2010 | 1.24 billion BoP, current US$ | +12.8% |
| 2011 | 1.45 billion BoP, current US$ | +17.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 623.22 million BoP, current US$ | 605.25 million BoP, current US$ | 641.18 million BoP, current US$ | 2 |
| 2000s | 908.46 million BoP, current US$ | 632.25 million BoP, current US$ | 1.34 billion BoP, current US$ | 10 |
| 2010s | 1.34 billion BoP, current US$ | 1.24 billion BoP, current US$ | 1.45 billion BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 166 Sierra Leone 1.60 billion BoP, current US$ compare
- 167 Malawi 1.55 billion BoP, current US$ compare
- 168 Sint Maarten (Dutch part) 1.52 billion BoP, current US$
- 170 Liberia 1.42 billion BoP, current US$ compare
- 171 Cape Verde 1.35 billion BoP, current US$ compare
- 172 Antigua and Barbuda 1.34 billion BoP, current US$ compare
More economy & growth data for Faroe Islands
- General government final consumption expenditure (current LCU) 6.25 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.08 current LCU 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)
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current US$), 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)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
Frequently asked questions
- What is exports of goods, services and primary income in Faroe Islands?
- Exports of goods, services and primary income in Faroe Islands was 1.45 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, services and primary income recorded in Faroe Islands?
- The highest recorded value was 1.45 billion BoP, current US$ in 2011.
- What is the lowest exports of goods, services and primary income recorded in Faroe Islands?
- The lowest recorded value was 605.25 million BoP, current US$ in 1998.
- How does Faroe Islands rank for exports of goods, services and primary income?
- Faroe Islands ranks 169th out of 199 countries with data for 2011.
- Is exports of goods, services and primary income rising or falling in Faroe Islands?
- Over the last ten years it is up 118.7%. 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, services and primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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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. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.