Transport services (% of commercial service imports) in Faroe Islands
Faroe Islands: Transport services (% of commercial service imports) 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 127th 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 (% of commercial service imports) 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 23.8% is above the median for high income countries, which is 20.2%, 1.2× the median. (72 countries reporting)
- Faroe Islands's 23.8% is above the median for Europe & Central Asia, which is 21.3%, 1.1× the median. (51 countries reporting)
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 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 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 127th 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
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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 imports which are commercial services provided by non-residents to residents.