Commercial service exports (current US$), annual growth rate in Faroe Islands
Faroe Islands: Commercial service exports (current US$), annual growth rate was 8.46 % change on previous year in 2011. ◆ Volatile
Commercial service exports (current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded 8.46 % change on previous year for commercial service exports (current us$), annual growth rate in 2011.
The figure is down 30.6% on the previous year and up 60.1% over ten years.
Over the whole period, commercial service exports (current us$), annual growth rate in Faroe Islands peaked at 53.55 % change on previous year in 2005 and was at its lowest, -32.52 % change on previous year, in 2009.
That places Faroe Islands 103rd out of 198 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 8.78 % change on previous year | — |
| 2000 | -2.79 % change on previous year | -131.8% |
| 2001 | 5.28 % change on previous year | -289.2% |
| 2002 | 25.42 % change on previous year | +381.2% |
| 2003 | 8.72 % change on previous year | -65.7% |
| 2004 | 11.43 % change on previous year | +31.1% |
| 2005 | 53.55 % change on previous year | +368.6% |
| 2006 | 31.7 % change on previous year | -40.8% |
| 2007 | 22.87 % change on previous year | -27.9% |
| 2008 | 17.46 % change on previous year | -23.7% |
| 2009 | -32.52 % change on previous year | -286.3% |
| 2010 | 12.19 % change on previous year | -137.5% |
| 2011 | 8.46 % change on previous year | -30.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.78 % change on previous year | 8.78 % change on previous year | 8.78 % change on previous year | 1 |
| 2000s | 14.11 % change on previous year | -32.52 % change on previous year | 53.55 % change on previous year | 10 |
| 2010s | 10.32 % change on previous year | 8.46 % change on previous year | 12.19 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 100 Colombia 8.84 % change on previous year compare
- 101 Australia 8.6 % change on previous year compare
- 102 Ghana 8.54 % change on previous year compare
- 104 Portugal 8.44 % change on previous year compare
- 105 Bulgaria 8.43 % change on previous year compare
- 106 Kazakhstan 8.25 % change on previous year compare
More private sector data for Faroe Islands
- Merchandise trade 80.8% (2024)
- Food imports 17.1% (2009)
- Manufactures imports 62.3% (2009)
- Merchandise imports 1.67 billion current US$ (2025)
- Food exports 88.0% (2009)
- Manufactures exports 7.4% (2009)
- Merchandise exports 2.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 37,577 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4389 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports (current us$), annual growth rate in Faroe Islands?
- Commercial service exports (current us$), annual growth rate in Faroe Islands was 8.46 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest commercial service exports (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 53.55 % change on previous year in 2005.
- What is the lowest commercial service exports (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -32.52 % change on previous year in 2009.
- How does Faroe Islands rank for commercial service exports (current us$), annual growth rate?
- Faroe Islands ranks 103rd out of 198 countries with data for 2011.
- Is commercial service exports (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 60.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Commercial service exports (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Commercial service exports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Commercial service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Commercial service exports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.