Travel services (% of commercial service exports) in Faroe Islands
Faroe Islands: Travel services (% of commercial service exports) was 19.9% in 2011. ▼ Falling
Travel 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
In 2011, travel services in Faroe Islands stood at 19.9%. That is the lowest value across all 14 years on record.
The figure is down 9.0% on the previous year and down 48.1% over ten years.
Over the whole period, travel services in Faroe Islands peaked at 46.4% in 1998 and was at its lowest, 19.9%, in 2011.
Faroe Islands ranks 139th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Travel services (% of commercial service exports) in Faroe Islands, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1998 | 46.4% | — |
| 1999 | 43.2% | -6.8% |
| 2000 | 39.1% | -9.6% |
| 2001 | 38.4% | -1.7% |
| 2002 | 33.6% | -12.6% |
| 2003 | 40.0% | +19.1% |
| 2004 | 42.3% | +5.9% |
| 2005 | 25.8% | -39.1% |
| 2006 | 24.6% | -4.7% |
| 2007 | 28.3% | +15.2% |
| 2008 | 25.1% | -11.2% |
| 2009 | 24.7% | -1.6% |
| 2010 | 21.9% | -11.3% |
| 2011 | 19.9% | -9.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 19.9% is below the median for high income countries, which is 27.1%, 74% of the median. (72 countries reporting)
- Faroe Islands's 19.9% is below the median for Europe & Central Asia, which is 20.5%, 97% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 44.8% | 43.2% | 46.4% | 2 |
| 2000s | 32.2% | 24.6% | 42.3% | 10 |
| 2010s | 20.9% | 19.9% | 21.9% | 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 travel services in Faroe Islands?
- Travel services in Faroe Islands was 19.9% in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Faroe Islands?
- The highest recorded value was 46.4% in 1998.
- What is the lowest travel services recorded in Faroe Islands?
- The lowest recorded value was 19.9% in 2011.
- How does Faroe Islands rank for travel services?
- Faroe Islands ranks 139th out of 198 countries with data for 2011.
- Is travel services rising or falling in Faroe Islands?
- Over the last ten years it is down 48.1%. 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 Travel services (% of commercial service exports). 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.