Travel services in Faroe Islands
Faroe Islands: Travel services was 24.4% 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 imports.
Analysis
In 2011, travel services in Faroe Islands stood at 24.4%.
That represents a change of up 23.3% on the previous year and down 26.5% over ten years.
Over the whole period, travel services in Faroe Islands peaked at 39.1% in 2003 and was at its lowest, 19.8%, in 2010.
Faroe Islands ranks 71st 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 in Faroe Islands, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1998 | 34.4% | — |
| 1999 | 37.9% | +10.4% |
| 2000 | 33.8% | -10.9% |
| 2001 | 33.2% | -1.6% |
| 2002 | 31.0% | -6.8% |
| 2003 | 39.1% | +26.3% |
| 2004 | 31.7% | -19.0% |
| 2005 | 38.6% | +22.0% |
| 2006 | 35.9% | -7.0% |
| 2007 | 30.1% | -16.1% |
| 2008 | 30.6% | +1.4% |
| 2009 | 24.7% | -19.3% |
| 2010 | 19.8% | -19.6% |
| 2011 | 24.4% | +23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.1% | 34.4% | 37.9% | 2 |
| 2000s | 32.9% | 24.7% | 39.1% | 10 |
| 2010s | 22.1% | 19.8% | 24.4% | 2 |
Countries ranked near Faroe Islands
- 68 Costa Rica 24.7% compare
- 69 Bulgaria 24.7% compare
- 70 Guatemala 24.6% compare
- 72 Saudi Arabia 24.1% compare
- 73 Trinidad and Tobago 24.0% compare
- 74 Morocco 23.7% compare
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 travel services in Faroe Islands?
- Travel services in Faroe Islands was 24.4% 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 39.1% in 2003.
- What is the lowest travel services recorded in Faroe Islands?
- The lowest recorded value was 19.8% in 2010.
- How does Faroe Islands rank for travel services?
- Faroe Islands ranks 71st 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 26.5%. 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 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
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 imports which are commercial services provided by non-residents to residents.