Commercial service exports (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Commercial service exports (current US$), per unit of GDP was 0.0825 current US$ per US$ of GDP in 2011. ▲ Rising
Commercial service exports (current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for commercial service exports (current us$), per unit of gdp in Faroe Islands is 0.0825 current US$ per US$ of GDP, measured in 2011.
The figure is up 0.9% on the previous year and up 68.6% over ten years.
Over the whole period, commercial service exports (current us$), per unit of gdp in Faroe Islands peaked at 0.1012 current US$ per US$ of GDP in 2008 and was at its lowest, 0.0462 current US$ per US$ of GDP, in 1998.
That places Faroe Islands 107th out of 198 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Commercial service exports (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0462 current US$ per US$ of GDP | — |
| 1999 | 0.0492 current US$ per US$ of GDP | +6.6% |
| 2000 | 0.0506 current US$ per US$ of GDP | +2.7% |
| 2001 | 0.049 current US$ per US$ of GDP | -3.2% |
| 2002 | 0.0559 current US$ per US$ of GDP | +14.1% |
| 2003 | 0.0516 current US$ per US$ of GDP | -7.7% |
| 2004 | 0.05 current US$ per US$ of GDP | -3.0% |
| 2005 | 0.0753 current US$ per US$ of GDP | +50.5% |
| 2006 | 0.0865 current US$ per US$ of GDP | +14.9% |
| 2007 | 0.0917 current US$ per US$ of GDP | +6.0% |
| 2008 | 0.1012 current US$ per US$ of GDP | +10.3% |
| 2009 | 0.074 current US$ per US$ of GDP | -26.8% |
| 2010 | 0.0818 current US$ per US$ of GDP | +10.5% |
| 2011 | 0.0825 current US$ per US$ of GDP | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0477 current US$ per US$ of GDP | 0.0462 current US$ per US$ of GDP | 0.0492 current US$ per US$ of GDP | 2 |
| 2000s | 0.0686 current US$ per US$ of GDP | 0.049 current US$ per US$ of GDP | 0.1012 current US$ per US$ of GDP | 10 |
| 2010s | 0.0822 current US$ per US$ of GDP | 0.0818 current US$ per US$ of GDP | 0.0825 current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 104 Turkey 0.086 current US$ per US$ of GDP compare
- 105 Tanzania 0.0858 current US$ per US$ of GDP compare
- 106 Uruguay 0.0858 current US$ per US$ of GDP compare
- 108 South Korea 0.0797 current US$ per US$ of GDP compare
- 109 Solomon Islands 0.0775 current US$ per US$ of GDP compare
- 110 Kuwait 0.0772 current US$ per US$ of GDP 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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports (current us$), per unit of gdp in Faroe Islands?
- Commercial service exports (current us$), per unit of gdp in Faroe Islands was 0.0825 current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest commercial service exports (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.1012 current US$ per US$ of GDP in 2008.
- What is the lowest commercial service exports (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0462 current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for commercial service exports (current us$), per unit of gdp?
- Faroe Islands ranks 107th out of 198 countries with data for 2011.
- Is commercial service exports (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Commercial service exports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Commercial service exports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Commercial service exports (current US$) ÷ GDP (current US$)
Computed from
- Commercial service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Commercial service exports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.