ICT service exports in Faroe Islands
Faroe Islands: ICT service exports was 4.4% in 2011. ▲ Rising
ICT service exports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2011, ict service exports in Faroe Islands stood at 4.4%. That is the highest value across all 14 years on record.
That represents a change of up 1.2% on the previous year and up 44.1% over ten years.
Over the whole period, ict service exports in Faroe Islands peaked at 4.4% in 2011 and was at its lowest, 1.2%, in 1998.
Faroe Islands ranks 106th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
ICT service exports in Faroe Islands, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1998 | 1.2% | — |
| 1999 | 1.2% | +0.7% |
| 2000 | 1.8% | +48.3% |
| 2001 | 3.1% | +68.6% |
| 2002 | 3.0% | -1.5% |
| 2003 | 2.8% | -7.2% |
| 2004 | 1.9% | -31.3% |
| 2005 | 2.8% | +45.8% |
| 2006 | 2.0% | -30.3% |
| 2007 | 1.5% | -21.8% |
| 2008 | 2.2% | +41.4% |
| 2009 | 3.8% | +77.5% |
| 2010 | 4.4% | +13.6% |
| 2011 | 4.4% | +1.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 4.4% is below the median for high income countries, which is 7.6%, 58% of the median. (68 countries reporting)
- Faroe Islands's 4.4% is below the median for Europe & Central Asia, which is 11.4%, 39% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.2% | 1.2% | 1.2% | 2 |
| 2000s | 2.5% | 1.5% | 3.8% | 10 |
| 2010s | 4.4% | 4.4% | 4.4% | 2 |
Countries ranked near Faroe Islands
- 103 Tunisia 4.6% compare
- 104 Türkiye 4.6% compare
- 105 Timor-Leste 4.4% compare
- 107 Hong Kong, China 4.1% compare
- 108 Mauritius 4.1% compare
- 109 Micronesia, Federated States of 4.0%
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 ict service exports in Faroe Islands?
- Ict service exports in Faroe Islands was 4.4% 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 4.4% in 2011.
- What is the lowest ict service exports recorded in Faroe Islands?
- The lowest recorded value was 1.2% in 1998.
- How does Faroe Islands rank for ict service exports?
- Faroe Islands ranks 106th 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 44.1%. The long-run trend across the full record is rising.
- 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 (% of service exports, BoP). 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).