Share of services in total exports in Faroe Islands
Faroe Islands: Share of services in total exports was 17.1% in 2011. ▲ Rising
Share of services in total exports in Faroe Islands, 1998–2011
Source: United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data. Measured in % of goods and services exports.
Analysis
Faroe Islands recorded 17.1% for share of services in total exports in 2011.
The figure is down 8.3% on the previous year and up 71.9% over ten years.
Over the whole period, share of services in total exports in Faroe Islands peaked at 22.8% in 2008 and was at its lowest, 9.9%, in 2001.
That places Faroe Islands 142nd out of 198 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Share of services in total exports in Faroe Islands, year by year
| Year | % of goods and services exports | Change |
|---|---|---|
| 1998 | 10.3% | — |
| 1999 | 10.5% | +1.8% |
| 2000 | 10.2% | -3.4% |
| 2001 | 9.9% | -2.5% |
| 2002 | 11.7% | +18.0% |
| 2003 | 11.6% | -1.4% |
| 2004 | 12.2% | +6.0% |
| 2005 | 18.0% | +47.1% |
| 2006 | 21.1% | +17.4% |
| 2007 | 22.4% | +5.7% |
| 2008 | 22.8% | +2.1% |
| 2009 | 18.2% | -20.3% |
| 2010 | 18.6% | +2.3% |
| 2011 | 17.1% | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.4% | 10.3% | 10.5% | 2 |
| 2000s | 15.8% | 9.9% | 22.8% | 10 |
| 2010s | 17.8% | 17.1% | 18.6% | 2 |
Countries ranked near Faroe Islands
- 139 South Korea 17.3% compare
- 140 Marshall Islands 17.3% compare
- 141 Argentina 17.1% compare
- 143 Palestine 16.8% compare
- 144 Botswana 16.7% compare
- 145 Bangladesh 16.1% compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 275,271 current LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is share of services in total exports in Faroe Islands?
- Share of services in total exports in Faroe Islands was 17.1% in 2011, according to United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data.
- What is the highest share of services in total exports recorded in Faroe Islands?
- The highest recorded value was 22.8% in 2008.
- What is the lowest share of services in total exports recorded in Faroe Islands?
- The lowest recorded value was 9.9% in 2001.
- How does Faroe Islands rank for share of services in total exports?
- Faroe Islands ranks 142nd out of 198 countries with data for 2011.
- Is share of services in total exports rising or falling in Faroe Islands?
- Over the last ten years it is up 71.9%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data, published as part of Share of services in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.