ICT service exports (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: ICT service exports (BoP, current US$), per unit of GDP was 0.0036 BoP, current US$ per US$ of GDP in 2011. ◆ Volatile
ICT service 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
Faroe Islands recorded 0.0036 BoP, current US$ per US$ of GDP for ict service exports (bop, current us$), per unit of gdp in 2011. That is the highest value across all 14 years on record.
That represents a change of up 2.2% on the previous year and up 142.8% over ten years.
Over the whole period, ict service exports (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.0036 BoP, current US$ per US$ of GDP in 2011 and was at its lowest, 0.0006 BoP, current US$ per US$ of GDP, in 1998.
Faroe Islands ranks 107th of 188 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$), per unit of GDP in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0006 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.0006 BoP, current US$ per US$ of GDP | +7.4% |
| 2000 | 0.0009 BoP, current US$ per US$ of GDP | +52.3% |
| 2001 | 0.0015 BoP, current US$ per US$ of GDP | +63.3% |
| 2002 | 0.0017 BoP, current US$ per US$ of GDP | +12.4% |
| 2003 | 0.0014 BoP, current US$ per US$ of GDP | -14.3% |
| 2004 | 0.001 BoP, current US$ per US$ of GDP | -33.4% |
| 2005 | 0.0021 BoP, current US$ per US$ of GDP | +119.5% |
| 2006 | 0.0017 BoP, current US$ per US$ of GDP | -20.0% |
| 2007 | 0.0014 BoP, current US$ per US$ of GDP | -17.1% |
| 2008 | 0.0022 BoP, current US$ per US$ of GDP | +56.0% |
| 2009 | 0.0028 BoP, current US$ per US$ of GDP | +29.9% |
| 2010 | 0.0036 BoP, current US$ per US$ of GDP | +25.5% |
| 2011 | 0.0036 BoP, current US$ per US$ of GDP | +2.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0036 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.0129 BoP, current US$ per US$ of GDP, 28% of the median. (68 countries reporting)
- Faroe Islands's 0.0036 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0223 BoP, current US$ per US$ of GDP, 16% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0006 BoP, current US$ per US$ of GDP | 0.0006 BoP, current US$ per US$ of GDP | 0.0006 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0017 BoP, current US$ per US$ of GDP | 0.0009 BoP, current US$ per US$ of GDP | 0.0028 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0036 BoP, current US$ per US$ of GDP | 0.0036 BoP, current US$ per US$ of GDP | 0.0036 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 104 Yemen 0.0038 BoP, current US$ per US$ of GDP compare
- 105 Laos 0.0037 BoP, current US$ per US$ of GDP compare
- 106 Oman 0.0037 BoP, current US$ per US$ of GDP compare
- 108 Cape Verde 0.0036 BoP, current US$ per US$ of GDP compare
- 109 Cameroon 0.0035 BoP, current US$ per US$ of GDP compare
- 110 Niger 0.0035 BoP, current US$ per US$ of GDP 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$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is ict service exports (bop, current us$), per unit of gdp in Faroe Islands?
- Ict service exports (bop, current us$), per unit of gdp in Faroe Islands was 0.0036 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest ict service exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.0036 BoP, current US$ per US$ of GDP in 2011.
- What is the lowest ict service exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0006 BoP, current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for ict service exports (bop, current us$), per unit of gdp?
- Faroe Islands ranks 107th out of 188 countries with data for 2011.
- Is ict service exports (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 142.8%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
ICT service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
ICT service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- ICT service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
ICT service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.