Faroe Islands - Imports of goods and services
Imports of goods and services (BoP, current US$)
The latest value for Imports of goods and services (BoP, current US$) in Faroe Islands was $1,343,228,000 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $1,343,228,000 in 2011 and $463,630,000 in 1998.
Definition: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | $463,630,000 |
| 1999 | $549,550,000 |
| 2000 | $611,760,000 |
| 2001 | $584,090,000 |
| 2002 | $603,640,000 |
| 2003 | $830,440,000 |
| 2004 | $769,626,800 |
| 2005 | $908,686,200 |
| 2006 | $1,025,532,000 |
| 2007 | $1,329,943,000 |
| 2008 | $1,323,882,000 |
| 2009 | $1,095,271,000 |
| 2010 | $1,110,814,000 |
| 2011 | $1,343,228,000 |
Imports of goods and services (current US$)
The latest value for Imports of goods and services (current US$) in Faroe Islands was $1,574,609,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $1,576,014,000 in 2018 and $463,123,800 in 1998.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $463,123,800 |
| 1999 | $559,631,300 |
| 2000 | $611,176,400 |
| 2001 | $584,514,800 |
| 2002 | $610,599,500 |
| 2003 | $869,681,300 |
| 2004 | $769,608,300 |
| 2005 | $908,686,100 |
| 2006 | $1,025,526,000 |
| 2007 | $1,336,922,000 |
| 2008 | $1,327,573,000 |
| 2009 | $1,085,676,000 |
| 2010 | $1,098,380,000 |
| 2011 | $1,342,318,000 |
| 2012 | $1,481,744,000 |
| 2013 | $1,497,000,000 |
| 2014 | $1,464,517,000 |
| 2015 | $1,268,925,000 |
| 2016 | $1,251,615,000 |
| 2017 | $1,427,176,000 |
| 2018 | $1,576,014,000 |
| 2019 | $1,574,609,000 |
Imports of goods and services (current LCU)
The value for Imports of goods and services (current LCU) in Faroe Islands was 10,501,700,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 10,501,700,000 in 2019 and a minimum value of 3,103,300,000 in 1998.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 3,103,300,000 |
| 1999 | 3,904,100,000 |
| 2000 | 4,940,200,000 |
| 2001 | 4,864,800,000 |
| 2002 | 4,820,500,000 |
| 2003 | 5,729,200,000 |
| 2004 | 4,610,800,000 |
| 2005 | 5,449,300,000 |
| 2006 | 6,098,600,000 |
| 2007 | 7,277,800,000 |
| 2008 | 6,768,100,000 |
| 2009 | 5,820,200,000 |
| 2010 | 6,177,400,000 |
| 2011 | 7,206,500,000 |
| 2012 | 8,583,000,000 |
| 2013 | 8,407,600,000 |
| 2014 | 8,219,600,000 |
| 2015 | 8,537,200,000 |
| 2016 | 8,425,500,000 |
| 2017 | 9,423,500,000 |
| 2018 | 9,951,900,000 |
| 2019 | 10,501,700,000 |
Imports of goods and services (constant 2010 US$)
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 1,268,925,000 |
Imports of goods and services (% of GDP)
Imports of goods and services (% of GDP) in Faroe Islands was 50.37 as of 2019. Its highest value over the past 21 years was 62.62 in 2012, while its lowest value was 41.80 in 1998.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 41.80 |
| 1999 | 49.95 |
| 2000 | 57.73 |
| 2001 | 50.93 |
| 2002 | 48.36 |
| 2003 | 58.21 |
| 2004 | 45.59 |
| 2005 | 52.59 |
| 2006 | 51.68 |
| 2007 | 58.38 |
| 2008 | 54.58 |
| 2009 | 47.86 |
| 2010 | 47.34 |
| 2011 | 53.89 |
| 2012 | 62.62 |
| 2013 | 56.98 |
| 2014 | 51.37 |
| 2015 | 50.39 |
| 2016 | 45.70 |
| 2017 | 49.23 |
| 2018 | 51.65 |
| 2019 | 50.37 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
