Faroe Islands - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Faroe Islands was 6.14 as of 2019. Its highest value over the past 21 years was 8.05 in 2016, while its lowest value was -16.47 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).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 2.39 |
| 1999 | -3.08 |
| 2000 | -7.89 |
| 2001 | -1.28 |
| 2002 | -1.02 |
| 2003 | -13.52 |
| 2004 | -3.83 |
| 2005 | -10.01 |
| 2006 | -10.10 |
| 2007 | -16.47 |
| 2008 | -8.71 |
| 2009 | -6.34 |
| 2010 | -2.99 |
| 2011 | -3.29 |
| 2012 | -10.27 |
| 2013 | -3.46 |
| 2014 | -0.02 |
| 2015 | 0.82 |
| 2016 | 8.05 |
| 2017 | 7.52 |
| 2018 | 1.74 |
| 2019 | 6.14 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
