Faroe Islands - Trade in services

Trade in services (% of GDP)

Trade in services (% of GDP) in Faroe Islands was 24.13 as of 2011. Its highest value over the past 13 years was 26.05 in 2008, while its lowest value was 12.79 in 1998.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1998 12.79
1999 13.42
2000 14.28
2001 14.12
2002 16.10
2003 15.02
2004 14.65
2005 20.97
2006 22.61
2007 25.05
2008 26.05
2009 22.60
2010 24.00
2011 24.13

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments