Goods exports (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: Goods exports (BoP, current US$), per unit of GDP was 0.4015 BoP, current US$ per US$ of GDP in 2011. ▼ Falling
Goods exports (BoP, current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
The most recent figure for goods exports (bop, current us$), per unit of gdp in Faroe Islands is 0.4015 BoP, current US$ per US$ of GDP, measured in 2011.
Compared with earlier readings it is up 12.1% on the previous year and down 9.8% over ten years.
Over the whole period, goods exports (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.4468 BoP, current US$ per US$ of GDP in 2000 and was at its lowest, 0.3186 BoP, current US$ per US$ of GDP, in 2007.
That places Faroe Islands 39th out of 199 countries with data for 2011, putting it in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Goods exports (BoP, current US$), per unit of GDP in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.4002 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.4186 BoP, current US$ per US$ of GDP | +4.6% |
| 2000 | 0.4468 BoP, current US$ per US$ of GDP | +6.7% |
| 2001 | 0.4449 BoP, current US$ per US$ of GDP | -0.4% |
| 2002 | 0.4214 BoP, current US$ per US$ of GDP | -5.3% |
| 2003 | 0.3953 BoP, current US$ per US$ of GDP | -6.2% |
| 2004 | 0.3587 BoP, current US$ per US$ of GDP | -9.3% |
| 2005 | 0.3428 BoP, current US$ per US$ of GDP | -4.4% |
| 2006 | 0.3224 BoP, current US$ per US$ of GDP | -5.9% |
| 2007 | 0.3186 BoP, current US$ per US$ of GDP | -1.2% |
| 2008 | 0.3423 BoP, current US$ per US$ of GDP | +7.5% |
| 2009 | 0.3335 BoP, current US$ per US$ of GDP | -2.6% |
| 2010 | 0.3581 BoP, current US$ per US$ of GDP | +7.4% |
| 2011 | 0.4015 BoP, current US$ per US$ of GDP | +12.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.4015 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.2502 BoP, current US$ per US$ of GDP, 1.6× the median. (72 countries reporting)
- Faroe Islands's 0.4015 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.2916 BoP, current US$ per US$ of GDP, 1.4× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4094 BoP, current US$ per US$ of GDP | 0.4002 BoP, current US$ per US$ of GDP | 0.4186 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.3727 BoP, current US$ per US$ of GDP | 0.3186 BoP, current US$ per US$ of GDP | 0.4468 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.3798 BoP, current US$ per US$ of GDP | 0.3581 BoP, current US$ per US$ of GDP | 0.4015 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 36 Qatar 0.4177 BoP, current US$ per US$ of GDP
- 37 North Macedonia 0.4122 BoP, current US$ per US$ of GDP compare
- 38 Denmark 0.4063 BoP, current US$ per US$ of GDP compare
- 40 Trinidad and Tobago 0.3948 BoP, current US$ per US$ of GDP compare
- 41 Democratic Republic of Congo 0.3941 BoP, current US$ per US$ of GDP compare
- 42 South Korea 0.384 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 goods exports (bop, current us$), per unit of gdp in Faroe Islands?
- Goods exports (bop, current us$), per unit of gdp in Faroe Islands was 0.4015 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest goods exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.4468 BoP, current US$ per US$ of GDP in 2000.
- What is the lowest goods exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.3186 BoP, current US$ per US$ of GDP in 2007.
- How does Faroe Islands rank for goods exports (bop, current us$), per unit of gdp?
- Faroe Islands ranks 39th out of 199 countries with data for 2011.
- Is goods exports (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 9.8%. 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 Goods exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Goods exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.