Net trade in goods and services (BoP, current US$), annual growth rate in Faroe Islands
Faroe Islands: Net trade in goods and services (BoP, current US$), annual growth rate was -53.41 % change on previous year in 2011. ◆ Volatile
Net trade in goods and services (BoP, current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2011, net trade in goods and services (bop, current us$), annual growth rate in Faroe Islands stood at -53.41 % change on previous year.
Compared with earlier readings it is down 214.3% on the previous year and down 161.9% over ten years.
Over the whole period, net trade in goods and services (bop, current us$), annual growth rate in Faroe Islands peaked at 145 % change on previous year in 2002 and was at its lowest, -269.91 % change on previous year, in 2000.
That places Faroe Islands 170th out of 199 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services (BoP, current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -174.09 % change on previous year | — |
| 2000 | -269.91 % change on previous year | +55.0% |
| 2001 | 86.31 % change on previous year | -132.0% |
| 2002 | 145 % change on previous year | +68.0% |
| 2004 | 59.4 % change on previous year | -59.0% |
| 2005 | -167.59 % change on previous year | -382.1% |
| 2006 | -15.94 % change on previous year | -90.5% |
| 2007 | -84.73 % change on previous year | +431.6% |
| 2008 | 40.7 % change on previous year | -148.0% |
| 2009 | 27.31 % change on previous year | -32.9% |
| 2010 | 46.74 % change on previous year | +71.1% |
| 2011 | -53.41 % change on previous year | -214.3% |
Faroe Islands compared with similar countries
- Faroe Islands's -53.41 % change on previous year is below the median for high income countries, which is 1.31 % change on previous year. (71 countries reporting)
- Faroe Islands's -53.41 % change on previous year is below the median for Europe & Central Asia, which is -7.5 % change on previous year, 7.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -174.09 % change on previous year | -174.09 % change on previous year | -174.09 % change on previous year | 1 |
| 2000s | -19.94 % change on previous year | -269.91 % change on previous year | 145 % change on previous year | 9 |
| 2010s | -3.34 % change on previous year | -53.41 % change on previous year | 46.74 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 167 Paraguay -43.18 % change on previous year compare
- 168 Nicaragua -45.4 % change on previous year compare
- 169 Angola -53.34 % change on previous year compare
- 171 Colombia -53.59 % change on previous year compare
- 172 Guinea -55.92 % change on previous year compare
- 173 Sierra Leone -56.49 % change on previous year 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 net trade in goods and services (bop, current us$), annual growth rate in Faroe Islands?
- Net trade in goods and services (bop, current us$), annual growth rate in Faroe Islands was -53.41 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest net trade in goods and services (bop, current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 145 % change on previous year in 2002.
- What is the lowest net trade in goods and services (bop, current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -269.91 % change on previous year in 2000.
- How does Faroe Islands rank for net trade in goods and services (bop, current us$), annual growth rate?
- Faroe Islands ranks 170th out of 199 countries with data for 2011.
- Is net trade in goods and services (bop, current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 161.9%. 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 Net trade in goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods and services 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 Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.