Faroe Islands - Net trade in goods and services

Net trade in goods and services (BoP, current US$)

The latest value for Net trade in goods and services (BoP, current US$) in Faroe Islands was ($130,430,100) as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $29,560,000 in 1998 and ($370,321,700) in 2007.

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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

See also:

Year Value
1998 $29,560,000
1999 ($21,900,000)
2000 ($81,010,000)
2001 ($11,090,000)
2002 $4,990,000
2003 ($159,170,000)
2004 ($64,615,980)
2005 ($172,903,400)
2006 ($200,463,000)
2007 ($370,321,700)
2008 ($219,599,500)
2009 ($159,618,600)
2010 ($85,019,090)
2011 ($130,430,100)

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments