Service exports (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: Service exports (BoP, current US$), per unit of GDP was 0.0825 BoP, current US$ per US$ of GDP in 2011. ▲ Rising
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
The most recent figure for service exports (bop, current us$), per unit of gdp in Faroe Islands is 0.0825 BoP, current US$ per US$ of GDP, measured in 2011.
Compared with earlier readings it is up 0.9% on the previous year and up 68.5% over ten years.
Over the whole period, service exports (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.1012 BoP, current US$ per US$ of GDP in 2008 and was at its lowest, 0.0462 BoP, current US$ per US$ of GDP, in 1998.
Faroe Islands ranks 111th of 199 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.
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 | 0.0462 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.0493 BoP, current US$ per US$ of GDP | +6.7% |
| 2000 | 0.0506 BoP, current US$ per US$ of GDP | +2.7% |
| 2001 | 0.049 BoP, current US$ per US$ of GDP | -3.1% |
| 2002 | 0.0559 BoP, current US$ per US$ of GDP | +14.1% |
| 2003 | 0.0516 BoP, current US$ per US$ of GDP | -7.7% |
| 2004 | 0.05 BoP, current US$ per US$ of GDP | -3.1% |
| 2005 | 0.0753 BoP, current US$ per US$ of GDP | +50.5% |
| 2006 | 0.0865 BoP, current US$ per US$ of GDP | +14.9% |
| 2007 | 0.0917 BoP, current US$ per US$ of GDP | +6.0% |
| 2008 | 0.1012 BoP, current US$ per US$ of GDP | +10.3% |
| 2009 | 0.074 BoP, current US$ per US$ of GDP | -26.8% |
| 2010 | 0.0818 BoP, current US$ per US$ of GDP | +10.5% |
| 2011 | 0.0825 BoP, current US$ per US$ of GDP | +0.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0825 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.1868 BoP, current US$ per US$ of GDP, 44% of the median. (72 countries reporting)
- Faroe Islands's 0.0825 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.1821 BoP, current US$ per US$ of GDP, 45% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0477 BoP, current US$ per US$ of GDP | 0.0462 BoP, current US$ per US$ of GDP | 0.0493 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0686 BoP, current US$ per US$ of GDP | 0.049 BoP, current US$ per US$ of GDP | 0.1012 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0822 BoP, current US$ per US$ of GDP | 0.0818 BoP, current US$ per US$ of GDP | 0.0825 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 108 Turkey 0.0862 BoP, current US$ per US$ of GDP compare
- 109 Bhutan 0.0861 BoP, current US$ per US$ of GDP compare
- 110 Solomon Islands 0.0837 BoP, current US$ per US$ of GDP compare
- 112 Kuwait 0.0807 BoP, current US$ per US$ of GDP compare
- 113 South Korea 0.0802 BoP, current US$ per US$ of GDP compare
- 114 Comoros 0.0794 BoP, current US$ per US$ of GDP 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$), per unit of gdp in Faroe Islands?
- Service exports (bop, current us$), per unit of gdp in Faroe Islands was 0.0825 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.1012 BoP, current US$ per US$ of GDP in 2008.
- What is the lowest service exports (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0462 BoP, current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for service exports (bop, current us$), per unit of gdp?
- Faroe Islands ranks 111th out of 199 countries with data for 2011.
- Is service exports (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 68.5%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.