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Faroe Islands - Travel services

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.

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

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.

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

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments