Faroe Islands - Travel services exports

Travel services (% of commercial service exports)

The value for Travel services (% of commercial service exports) in Faroe Islands was 19.94 as of 2011. As the graph below shows, over the past 13 years this indicator reached a maximum value of 46.35 in 1998 and a minimum value of 19.94 in 2011.

Definition: Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).

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

See also:

Year Value
1998 46.35
1999 43.19
2000 39.05
2001 38.38
2002 33.56
2003 39.97
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: Private Sector & Trade Indicators

Sub-Topic: Exports