Transport services in Faroe Islands
Faroe Islands: Transport services was 23.8% in 2011. ▼ Falling
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 imports.
Analysis
In 2011, transport services in Faroe Islands stood at 23.8%.
Compared with earlier readings it is up 9.0% on the previous year and down 28.1% over ten years.
Over the whole period, transport services in Faroe Islands peaked at 36.6% in 1998 and was at its lowest, 18.5%, in 2005.
That places Faroe Islands 130th out of 197 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Transport services in Faroe Islands, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1998 | 36.6% | — |
| 1999 | 31.5% | -14.0% |
| 2000 | 29.5% | -6.2% |
| 2001 | 33.1% | +12.3% |
| 2002 | 27.8% | -16.1% |
| 2003 | 26.9% | -3.1% |
| 2004 | 25.3% | -6.3% |
| 2005 | 18.5% | -26.9% |
| 2006 | 21.7% | +17.4% |
| 2007 | 32.4% | +49.7% |
| 2008 | 24.1% | -25.8% |
| 2009 | 21.2% | -11.8% |
| 2010 | 21.9% | +3.0% |
| 2011 | 23.8% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.0% | 31.5% | 36.6% | 2 |
| 2000s | 26.0% | 18.5% | 33.1% | 10 |
| 2010s | 22.8% | 21.9% | 23.8% | 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 transport services in Faroe Islands?
- Transport services in Faroe Islands was 23.8% 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 36.6% in 1998.
- What is the lowest transport services recorded in Faroe Islands?
- The lowest recorded value was 18.5% in 2005.
- How does Faroe Islands rank for transport services?
- Faroe Islands ranks 130th out of 197 countries with data for 2011.
- Is transport services rising or falling in Faroe Islands?
- Over the last ten years it is down 28.1%. The long-run trend across the full record is falling.
- 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 imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 imports which are commercial services provided by non-residents to residents.