Transport services (% of commercial service exports) in Faroe Islands
Faroe Islands: Transport services (% of commercial service exports) was 40.6% in 2011. ▲ Rising
Transport services in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Faroe Islands recorded 40.6% for transport services in 2011.
That represents a change of down 10.8% on the previous year and up 3.6% over ten years.
Over the whole period, transport services in Faroe Islands peaked at 59.5% in 2008 and was at its lowest, 33.8%, in 1998.
That places Faroe Islands 21st out of 198 countries with data for 2011, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Transport services (% of commercial service exports) in Faroe Islands, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1998 | 33.8% | — |
| 1999 | 34.7% | +2.9% |
| 2000 | 34.2% | -1.6% |
| 2001 | 39.2% | +14.6% |
| 2002 | 36.1% | -7.8% |
| 2003 | 44.3% | +22.7% |
| 2004 | 42.7% | -3.7% |
| 2005 | 35.7% | -16.3% |
| 2006 | 47.6% | +33.3% |
| 2007 | 53.2% | +11.7% |
| 2008 | 59.5% | +11.8% |
| 2009 | 43.9% | -26.2% |
| 2010 | 45.5% | +3.7% |
| 2011 | 40.6% | -10.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 40.6% is above the median for high income countries, which is 15.4%, 2.6× the median. (72 countries reporting)
- Faroe Islands's 40.6% is above the median for Europe & Central Asia, which is 19.5%, 2.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.2% | 33.8% | 34.7% | 2 |
| 2000s | 43.6% | 34.2% | 59.5% | 10 |
| 2010s | 43.1% | 40.6% | 45.5% | 2 |
Countries ranked near Faroe Islands
More private sector data for Faroe Islands
- Merchandise trade 80.8% (2024)
- Food imports 29.0% (2025)
- Manufactures imports 54.4% (2025)
- Merchandise imports 1.67 billion current US$ (2025)
- Commercial service imports 394.20 million current US$ (2011)
- Food exports 91.9% (2025)
- Manufactures exports 3.2% (2025)
- Merchandise exports 2.06 billion current US$ (2025)
- Commercial service exports 206.81 million current US$ (2011)
- Merchandise exports (current US$), per capita 37,577 current US$ per person (2025)
Frequently asked questions
- What is transport services in Faroe Islands?
- Transport services in Faroe Islands was 40.6% in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Faroe Islands?
- The highest recorded value was 59.5% in 2008.
- What is the lowest transport services recorded in Faroe Islands?
- The lowest recorded value was 33.8% in 1998.
- How does Faroe Islands rank for transport services?
- Faroe Islands ranks 21st out of 198 countries with data for 2011.
- Is transport services rising or falling in Faroe Islands?
- Over the last ten years it is up 3.6%. The long-run trend across the full record is rising.
- 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 Transport services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Transport is the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.