Faeroe Islands - Travel services

Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Faeroe Islands was 38.76 as of 2003. Its highest value over the past 5 years was 38.76 in 2003, while its lowest value was 30.82 in 2002.

Definition: Travel (% of service imports, BoP) covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1998 34.21
1999 38.15
2000 33.58
2001 33.06
2002 30.82
2003 38.76

Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Faeroe Islands was 39.93 as of 2003. Its highest value over the past 5 years was 46.35 in 1998, while its lowest value was 33.54 in 2002.

Definition: Travel (% of service exports, BoP) covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1998 46.35
1999 43.15
2000 39.04
2001 38.35
2002 33.54
2003 39.93

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments