Transport services in Faroe Islands
Faroe Islands: Transport services was 23.8% in 2011. ▼ Falling
Transport services in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Faroe Islands recorded 23.8% for transport services in 2011.
The figure is up 9.0% on the previous year and down 27.7% over ten years.
Over the whole period, transport services in Faroe Islands peaked at 36.4% in 1998 and was at its lowest, 18.5%, in 2005.
Faroe Islands ranks 128th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Transport services in Faroe Islands, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1998 | 36.4% | — |
| 1999 | 31.7% | -13.1% |
| 2000 | 29.3% | -7.3% |
| 2001 | 33.0% | +12.3% |
| 2002 | 27.7% | -16.1% |
| 2003 | 26.7% | -3.5% |
| 2004 | 25.3% | -5.4% |
| 2005 | 18.5% | -26.9% |
| 2006 | 21.7% | +17.4% |
| 2007 | 32.4% | +49.7% |
| 2008 | 24.1% | -25.8% |
| 2009 | 21.2% | -11.8% |
| 2010 | 21.9% | +3.0% |
| 2011 | 23.8% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.1% | 31.7% | 36.4% | 2 |
| 2000s | 26.0% | 18.5% | 33.0% | 10 |
| 2010s | 22.8% | 21.9% | 23.8% | 2 |
Countries ranked near Faroe Islands
- 125 Sao Tome and Principe 24.2% compare
- 126 Estonia 24.1% compare
- 127 Saint Lucia 24.0% compare
- 129 Indonesia 23.8% compare
- 130 Hong Kong, China 23.1% compare
- 131 Austria 23.0% 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 transport services in Faroe Islands?
- Transport services in Faroe Islands was 23.8% in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Faroe Islands?
- The highest recorded value was 36.4% in 1998.
- What is the lowest transport services recorded in Faroe Islands?
- The lowest recorded value was 18.5% in 2005.
- How does Faroe Islands rank for transport services?
- Faroe Islands ranks 128th out of 197 countries with data for 2011.
- Is transport services rising or falling in Faroe Islands?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is falling.
- 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 Transport services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.