ICT service exports (BoP, current US$), annual growth rate in Faroe Islands
Faroe Islands: ICT service exports (BoP, current US$), annual growth rate was 9.77 % change on previous year in 2011. ◆ Volatile
ICT service exports (BoP, current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2011, ict service exports (bop, current us$), annual growth rate in Faroe Islands stood at 9.77 % change on previous year.
That represents a change of down 64.5% on the previous year and down 87.4% over ten years.
Over the whole period, ict service exports (bop, current us$), annual growth rate in Faroe Islands peaked at 123.94 % change on previous year in 2005 and was at its lowest, -23.54 % change on previous year, in 2004.
Faroe Islands ranks 80th of 189 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports (BoP, current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 9.68 % change on previous year | — |
| 2000 | 44.12 % change on previous year | +355.9% |
| 2001 | 77.55 % change on previous year | +75.8% |
| 2002 | 23.56 % change on previous year | -69.6% |
| 2003 | 0.9302 % change on previous year | -96.1% |
| 2004 | -23.54 % change on previous year | -2630.5% |
| 2005 | 123.94 % change on previous year | -626.5% |
| 2006 | -8.26 % change on previous year | -106.7% |
| 2007 | -3.87 % change on previous year | -53.1% |
| 2008 | 66.09 % change on previous year | -1807.4% |
| 2009 | 19.79 % change on previous year | -70.1% |
| 2010 | 27.5 % change on previous year | +39.0% |
| 2011 | 9.77 % change on previous year | -64.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 9.77 % change on previous year is above the median for high income countries, which is 8.3 % change on previous year, 1.2× the median. (68 countries reporting)
- Faroe Islands's 9.77 % change on previous year is below the median for Europe & Central Asia, which is 12.83 % change on previous year, 76% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where ICT service exports (BoP, current US$), annual growth rate in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -2630.5% | 0.9302 % change on previous year | -23.54 % change on previous year |
| 2008 | +1807.4% | -3.87 % change on previous year | 66.09 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.68 % change on previous year | 9.68 % change on previous year | 9.68 % change on previous year | 1 |
| 2000s | 32.03 % change on previous year | -23.54 % change on previous year | 123.94 % change on previous year | 10 |
| 2010s | 18.63 % change on previous year | 9.77 % change on previous year | 27.5 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 77 Nepal 10.51 % change on previous year compare
- 78 Costa Rica 9.85 % change on previous year compare
- 79 El Salvador 9.79 % change on previous year compare
- 81 Philippines 9.18 % change on previous year compare
- 82 Bulgaria 8.99 % change on previous year compare
- 83 Indonesia 8.76 % change on previous year compare
More economy & growth data for Faroe Islands
- Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 142,484 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (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), per capita 279,001 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is ict service exports (bop, current us$), annual growth rate in Faroe Islands?
- Ict service exports (bop, current us$), annual growth rate in Faroe Islands was 9.77 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest ict service exports (bop, current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 123.94 % change on previous year in 2005.
- What is the lowest ict service exports (bop, current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -23.54 % change on previous year in 2004.
- How does Faroe Islands rank for ict service exports (bop, current us$), annual growth rate?
- Faroe Islands ranks 80th out of 189 countries with data for 2011.
- Is ict service exports (bop, current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 87.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of ICT service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in ICT service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- ICT service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in ICT service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.