Faroe Islands - Travel services (% of service exports, BoP)
Travel services (% of service exports, BoP) in Faroe Islands was 19.94 as of 2011. Its highest value over the past 13 years was 46.35 in 1998, while its lowest value was 19.94 in 2011.
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 | 46.35 |
| 1999 | 43.15 |
| 2000 | 39.04 |
| 2001 | 38.35 |
| 2002 | 33.54 |
| 2003 | 39.93 |
| 2004 | 42.32 |
| 2005 | 25.78 |
| 2006 | 24.58 |
| 2007 | 28.31 |
| 2008 | 25.13 |
| 2009 | 24.72 |
| 2010 | 21.92 |
| 2011 | 19.94 |
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
