Travel services (% of commercial service imports) in Faroe Islands
Faroe Islands: Travel services (% of commercial service imports) 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 70th 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 imports) 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 24.4% is above the median for high income countries, which is 21.8%, 1.1× the median. (72 countries reporting)
- Faroe Islands's 24.4% is above the median for Europe & Central Asia, which is 21.8%, 1.1× the median. (51 countries reporting)
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
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 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 70th 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.