Faroe Islands - Exports of goods and services

Exports of goods and services (BoP, current US$)

The latest value for Exports of goods and services (BoP, current US$) in Faroe Islands was $1,212,798,000 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $1,212,798,000 in 2011 and $493,190,000 in 1998.

Definition: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.

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

See also:

Year Value
1998 $493,190,000
1999 $527,650,000
2000 $530,750,000
2001 $573,000,000
2002 $608,630,000
2003 $671,270,000
2004 $705,010,800
2005 $735,782,800
2006 $825,069,000
2007 $959,621,400
2008 $1,104,283,000
2009 $935,652,200
2010 $1,025,795,000
2011 $1,212,798,000

Exports of goods and services (current US$)

The latest value for Exports of goods and services (current US$) in Faroe Islands was $1,766,561,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $1,766,561,000 in 2019 and $489,628,100 in 1998.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 $489,628,100
1999 $525,171,300
2000 $527,607,000
2001 $569,880,300
2002 $597,768,100
2003 $667,653,400
2004 $704,995,700
2005 $735,796,800
2006 $825,082,400
2007 $959,770,000
2008 $1,115,769,000
2009 $941,819,500
2010 $1,028,894,000
2011 $1,260,249,000
2012 $1,238,757,000
2013 $1,406,228,000
2014 $1,464,071,000
2015 $1,289,555,000
2016 $1,472,020,000
2017 $1,645,247,000
2018 $1,629,193,000
2019 $1,766,561,000

Exports of goods and services (current LCU)

The value for Exports of goods and services (current LCU) in Faroe Islands was 11,781,900,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 11,781,900,000 in 2019 and a minimum value of 3,280,900,000 in 1998.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1998 3,280,900,000
1999 3,663,700,000
2000 4,264,700,000
2001 4,743,000,000
2002 4,719,200,000
2003 4,398,300,000
2004 4,223,700,000
2005 4,412,500,000
2006 4,906,600,000
2007 5,224,700,000
2008 5,688,300,000
2009 5,049,000,000
2010 5,786,600,000
2011 6,765,900,000
2012 7,175,500,000
2013 7,897,800,000
2014 8,217,100,000
2015 8,676,000,000
2016 9,909,200,000
2017 10,863,400,000
2018 10,287,700,000
2019 11,781,900,000

Exports of goods and services (constant 2010 US$)

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2015 1,289,555,000

Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Faroe Islands was 56.51 as of 2019. Its highest value over the past 21 years was 56.75 in 2017, while its lowest value was 41.52 in 2009.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 44.19
1999 46.88
2000 49.84
2001 49.66
2002 47.34
2003 44.69
2004 41.76
2005 42.59
2006 41.58
2007 41.91
2008 45.87
2009 41.52
2010 44.34
2011 50.60
2012 52.35
2013 53.53
2014 51.36
2015 51.21
2016 53.75
2017 56.75
2018 53.39
2019 56.51

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments