Faroe Islands - External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Faroe Islands was $191,951,300 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $220,404,900 in 2016 and ($377,151,600) in 2007.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 $26,504,300
1999 ($34,460,020)
2000 ($83,569,420)
2001 ($14,634,500)
2002 ($12,831,390)
2003 ($202,028,000)
2004 ($64,612,510)
2005 ($172,889,300)
2006 ($200,443,900)
2007 ($377,151,600)
2008 ($211,804,400)
2009 ($143,856,400)
2010 ($69,486,670)
2011 ($82,068,290)
2012 ($242,986,600)
2013 ($90,771,500)
2014 ($445,434)
2015 $20,630,510
2016 $220,404,900
2017 $218,070,800
2018 $53,178,350
2019 $191,951,300

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts