ICT service exports (BoP, current US$) in Faroe Islands
Faroe Islands: ICT service exports was 9.12 million BoP, current US$ in 2011. ◆ Volatile
ICT service exports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2011, ict service exports in Faroe Islands stood at 9.12 million BoP, current US$. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 9.8% on the previous year and up 424.4% over ten years.
Over the whole period, ict service exports in Faroe Islands peaked at 9.12 million BoP, current US$ in 2011 and was at its lowest, 620,000 BoP, current US$, in 1998.
That places Faroe Islands 157th out of 189 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 620,000 BoP, current US$ | — |
| 1999 | 680,000 BoP, current US$ | +9.7% |
| 2000 | 980,000 BoP, current US$ | +44.1% |
| 2001 | 1.74 million BoP, current US$ | +77.6% |
| 2002 | 2.15 million BoP, current US$ | +23.6% |
| 2003 | 2.17 million BoP, current US$ | +0.9% |
| 2004 | 1.66 million BoP, current US$ | -23.5% |
| 2005 | 3.72 million BoP, current US$ | +123.9% |
| 2006 | 3.41 million BoP, current US$ | -8.3% |
| 2007 | 3.28 million BoP, current US$ | -3.9% |
| 2008 | 5.44 million BoP, current US$ | +66.1% |
| 2009 | 6.52 million BoP, current US$ | +19.8% |
| 2010 | 8.31 million BoP, current US$ | +27.5% |
| 2011 | 9.12 million BoP, current US$ | +9.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 9.12 million BoP, current US$ is below the median for high income countries, which is 2.68 billion BoP, current US$, 0% of the median. (68 countries reporting)
- Faroe Islands's 9.12 million BoP, current US$ is below the median for Europe & Central Asia, which is 4.34 billion BoP, current US$, 0% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 650,000 BoP, current US$ | 620,000 BoP, current US$ | 680,000 BoP, current US$ | 2 |
| 2000s | 3.11 million BoP, current US$ | 980,000 BoP, current US$ | 6.52 million BoP, current US$ | 10 |
| 2010s | 8.72 million BoP, current US$ | 8.31 million BoP, current US$ | 9.12 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 154 Cape Verde 11.00 million BoP, current US$ compare
- 155 Seychelles 10.53 million BoP, current US$ compare
- 156 Fiji 10.05 million BoP, current US$ compare
- 158 Mozambique 9.12 million BoP, current US$ compare
- 159 Antigua and Barbuda 6.62 million BoP, current US$ compare
- 160 East Timor 6.50 million BoP, current US$ 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$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is ict service exports in Faroe Islands?
- Ict service exports in Faroe Islands was 9.12 million BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Faroe Islands?
- The highest recorded value was 9.12 million BoP, current US$ in 2011.
- What is the lowest ict service exports recorded in Faroe Islands?
- The lowest recorded value was 620,000 BoP, current US$ in 1998.
- How does Faroe Islands rank for ict service exports?
- Faroe Islands ranks 157th out of 189 countries with data for 2011.
- Is ict service exports rising or falling in Faroe Islands?
- Over the last ten years it is up 424.4%. The long-run trend across the full record is volatile.
- 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 ICT service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.