Commercial service exports in Faroe Islands
Faroe Islands: Commercial service exports was 206.81 million current US$ in 2011. ◆ Volatile
Commercial service exports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for commercial service exports in Faroe Islands is 206.81 million current US$, measured in 2011.
That represents a change of up 8.5% on the previous year and up 264.1% over ten years.
Over the whole period, commercial service exports in Faroe Islands peaked at 251.88 million current US$ in 2008 and was at its lowest, 51.02 million current US$, in 1998.
Faroe Islands ranks 172nd of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 51.02 million current US$ | — |
| 1999 | 55.50 million current US$ | +8.8% |
| 2000 | 53.95 million current US$ | -2.8% |
| 2001 | 56.80 million current US$ | +5.3% |
| 2002 | 71.24 million current US$ | +25.4% |
| 2003 | 77.45 million current US$ | +8.7% |
| 2004 | 86.30 million current US$ | +11.4% |
| 2005 | 132.51 million current US$ | +53.5% |
| 2006 | 174.52 million current US$ | +31.7% |
| 2007 | 214.44 million current US$ | +22.9% |
| 2008 | 251.88 million current US$ | +17.5% |
| 2009 | 169.97 million current US$ | -32.5% |
| 2010 | 190.68 million current US$ | +12.2% |
| 2011 | 206.81 million current US$ | +8.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 206.81 million current US$ is below the median for high income countries, which is 24.20 billion current US$, 1% of the median. (72 countries reporting)
- Faroe Islands's 206.81 million current US$ is below the median for Europe & Central Asia, which is 24.77 billion current US$, 1% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 53.26 million current US$ | 51.02 million current US$ | 55.50 million current US$ | 2 |
| 2000s | 128.91 million current US$ | 53.95 million current US$ | 251.88 million current US$ | 10 |
| 2010s | 198.74 million current US$ | 190.68 million current US$ | 206.81 million current US$ | 2 |
Countries ranked near Faroe Islands
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$), annual growth rate 15.96 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Faroe Islands?
- Commercial service exports in Faroe Islands was 206.81 million current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Faroe Islands?
- The highest recorded value was 251.88 million current US$ in 2008.
- What is the lowest commercial service exports recorded in Faroe Islands?
- The lowest recorded value was 51.02 million current US$ in 1998.
- How does Faroe Islands rank for commercial service exports?
- Faroe Islands ranks 172nd out of 200 countries with data for 2011.
- Is commercial service exports rising or falling in Faroe Islands?
- Over the last ten years it is up 264.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.