Service exports (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Service exports (BoP, current US$), per capita was 4,260 BoP, current US$ per person in 2011. ◆ Volatile
Service exports (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
Faroe Islands recorded 4,260 BoP, current US$ per person for service exports (bop, current us$), per capita in 2011.
That represents a change of up 8.7% on the previous year and up 249.5% over ten years.
Over the whole period, service exports (bop, current us$), per capita in Faroe Islands peaked at 5,188 BoP, current US$ per person in 2008 and was at its lowest, 1,142 BoP, current US$ per person, in 1998.
That places Faroe Islands 52nd out of 200 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 1,142 BoP, current US$ per person | — |
| 1999 | 1,230 BoP, current US$ per person | +7.7% |
| 2000 | 1,180 BoP, current US$ per person | -4.1% |
| 2001 | 1,219 BoP, current US$ per person | +3.3% |
| 2002 | 1,506 BoP, current US$ per person | +23.5% |
| 2003 | 1,614 BoP, current US$ per person | +7.2% |
| 2004 | 1,784 BoP, current US$ per person | +10.5% |
| 2005 | 2,740 BoP, current US$ per person | +53.6% |
| 2006 | 3,611 BoP, current US$ per person | +31.8% |
| 2007 | 4,433 BoP, current US$ per person | +22.8% |
| 2008 | 5,188 BoP, current US$ per person | +17.0% |
| 2009 | 3,484 BoP, current US$ per person | -32.9% |
| 2010 | 3,919 BoP, current US$ per person | +12.5% |
| 2011 | 4,260 BoP, current US$ per person | +8.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 4,260 BoP, current US$ per person is below the median for high income countries, which is 6,323 BoP, current US$ per person, 67% of the median. (72 countries reporting)
- Faroe Islands's 4,260 BoP, current US$ per person is below the median for Europe & Central Asia, which is 4,930 BoP, current US$ per person, 86% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,186 BoP, current US$ per person | 1,142 BoP, current US$ per person | 1,230 BoP, current US$ per person | 2 |
| 2000s | 2,676 BoP, current US$ per person | 1,180 BoP, current US$ per person | 5,188 BoP, current US$ per person | 10 |
| 2010s | 4,090 BoP, current US$ per person | 3,919 BoP, current US$ per person | 4,260 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 49 Hungary 4,531 BoP, current US$ per person compare
- 50 Panama 4,418 BoP, current US$ per person compare
- 51 Czechia 4,367 BoP, current US$ per person compare
- 53 Canada 4,127 BoP, current US$ per person compare
- 54 Albania 4,110 BoP, current US$ per person compare
- 55 Saint Vincent and the Grenadines 3,821 BoP, current US$ per person 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 service exports (bop, current us$), per capita in Faroe Islands?
- Service exports (bop, current us$), per capita in Faroe Islands was 4,260 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 5,188 BoP, current US$ per person in 2008.
- What is the lowest service exports (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 1,142 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for service exports (bop, current us$), per capita?
- Faroe Islands ranks 52nd out of 200 countries with data for 2011.
- Is service exports (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 249.5%. 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 Service exports (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service exports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ Population, total
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.