Faroe Islands - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Faroe Islands was 24.44 as of 2011. Its highest value over the past 13 years was 38.76 in 2003, while its lowest value was 19.81 in 2010.

Definition: Travel 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. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

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
2004 31.68
2005 38.65
2006 35.93
2007 30.14
2008 30.55
2009 24.65
2010 19.81
2011 24.44

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments