Goods exports (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Goods exports (BoP, current US$), per capita was 20,724 BoP, current US$ per person in 2011. ▲ Rising
Goods exports (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
Faroe Islands recorded 20,724 BoP, current US$ per person for goods exports (bop, current us$), per capita in 2011. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 20.7% on the previous year and up 87.2% over ten years.
Over the whole period, goods exports (bop, current us$), per capita in Faroe Islands peaked at 20,724 BoP, current US$ per person in 2011 and was at its lowest, 9,898 BoP, current US$ per person, in 1998.
That places Faroe Islands 17th out of 200 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Goods exports (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 9,898 BoP, current US$ per person | — |
| 1999 | 10,457 BoP, current US$ per person | +5.7% |
| 2000 | 10,420 BoP, current US$ per person | -0.4% |
| 2001 | 11,068 BoP, current US$ per person | +6.2% |
| 2002 | 11,352 BoP, current US$ per person | +2.6% |
| 2003 | 12,361 BoP, current US$ per person | +8.9% |
| 2004 | 12,788 BoP, current US$ per person | +3.4% |
| 2005 | 12,475 BoP, current US$ per person | -2.4% |
| 2006 | 13,459 BoP, current US$ per person | +7.9% |
| 2007 | 15,403 BoP, current US$ per person | +14.4% |
| 2008 | 17,558 BoP, current US$ per person | +14.0% |
| 2009 | 15,694 BoP, current US$ per person | -10.6% |
| 2010 | 17,164 BoP, current US$ per person | +9.4% |
| 2011 | 20,724 BoP, current US$ per person | +20.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 20,724 BoP, current US$ per person is above the median for high income countries, which is 8,924 BoP, current US$ per person, 2.3× the median. (72 countries reporting)
- Faroe Islands's 20,724 BoP, current US$ per person is above the median for Europe & Central Asia, which is 7,614 BoP, current US$ per person, 2.7× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10,177 BoP, current US$ per person | 9,898 BoP, current US$ per person | 10,457 BoP, current US$ per person | 2 |
| 2000s | 13,258 BoP, current US$ per person | 10,420 BoP, current US$ per person | 17,558 BoP, current US$ per person | 10 |
| 2010s | 18,944 BoP, current US$ per person | 17,164 BoP, current US$ per person | 20,724 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 14 Brunei 22,072 BoP, current US$ per person compare
- 15 Sweden 21,996 BoP, current US$ per person compare
- 16 Slovakia 21,543 BoP, current US$ per person compare
- 18 Czechia 19,744 BoP, current US$ per person compare
- 19 Iceland 18,858 BoP, current US$ per person compare
- 20 Germany 18,308 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 goods exports (bop, current us$), per capita in Faroe Islands?
- Goods exports (bop, current us$), per capita in Faroe Islands was 20,724 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest goods exports (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 20,724 BoP, current US$ per person in 2011.
- What is the lowest goods exports (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 9,898 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for goods exports (bop, current us$), per capita?
- Faroe Islands ranks 17th out of 200 countries with data for 2011.
- Is goods exports (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 87.2%. 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 Goods exports (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods exports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods exports (BoP, current US$) ÷ Population, total
Computed from
- Goods exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods exports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.