Faroe Islands - Travel services imports

Travel services (% of commercial service imports)

The value for Travel services (% of commercial service imports) in Faroe Islands was 24.44 as of 2011. As the graph below shows, over the past 13 years this indicator reached a maximum value of 39.13 in 2003 and a minimum value of 19.81 in 2010.

Definition: Travel services (% of commercial service imports) 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, meals, and transport (within the economy visited).

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

See also:

Year Value
1998 34.36
1999 37.92
2000 33.77
2001 33.24
2002 30.98
2003 39.13
2004 31.68
2005 38.65
2006 35.93
2007 30.14
2008 30.55
2009 24.65
2010 19.81
2011 24.44

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports