Commercial service imports in Faroe Islands
Faroe Islands: Commercial service imports was 394.20 million current US$ in 2011. ◆ Volatile
Commercial service imports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2011, commercial service imports in Faroe Islands stood at 394.20 million current US$. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 7.7% on the previous year and up 276.5% over ten years.
Over the whole period, commercial service imports in Faroe Islands peaked at 394.20 million current US$ in 2011 and was at its lowest, 90.32 million current US$, in 1998.
That places Faroe Islands 168th out of 198 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 92.83 million current US$ | 90.32 million current US$ | 95.35 million current US$ | 2 |
| 2000s | 222.69 million current US$ | 96.61 million current US$ | 381.87 million current US$ | 10 |
| 2010s | 380.16 million current US$ | 366.12 million current US$ | 394.20 million current US$ | 2 |
Countries ranked near Faroe Islands
More private sector data for Faroe Islands
- Merchandise trade 80.8% (2024)
- Merchandise exports 2.06 billion current US$ (2025)
- Food imports 17.1% (2009)
- Manufactures exports 7.4% (2009)
- Manufactures imports 62.3% (2009)
- Food exports 88.0% (2009)
- Merchandise imports 1.67 billion current US$ (2025)
- Commercial service exports 206.81 million current US$ (2011)
- Transport services 23.8% (2011)
- Computer, communications and other services 50.9% (2011)
Frequently asked questions
- What is commercial service imports in Faroe Islands?
- Commercial service imports in Faroe Islands was 394.20 million current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service imports recorded in Faroe Islands?
- The highest recorded value was 394.20 million current US$ in 2011.
- What is the lowest commercial service imports recorded in Faroe Islands?
- The lowest recorded value was 90.32 million current US$ in 1998.
- How does Faroe Islands rank for commercial service imports?
- Faroe Islands ranks 168th out of 198 countries with data for 2011.
- Is commercial service imports rising or falling in Faroe Islands?
- Over the last ten years it is up 276.5%. The long-run trend across the full record is volatile.
- 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 Commercial service imports (current US$). 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
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.