Goods exports in Faroe Islands
Faroe Islands: Goods exports was 1.01 billion BoP, current US$ in 2011. ▲ Rising
Goods exports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2011, goods exports in Faroe Islands stood at 1.01 billion BoP, current US$. That is the highest value across all 14 years on record.
The figure is up 20.5% on the previous year and up 94.9% over ten years.
Over the whole period, goods exports in Faroe Islands peaked at 1.01 billion BoP, current US$ in 2011 and was at its lowest, 442.17 million BoP, current US$, in 1998.
Faroe Islands ranks 153rd of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 457.13 million BoP, current US$ | 442.17 million BoP, current US$ | 472.10 million BoP, current US$ | 2 |
| 2000s | 635.98 million BoP, current US$ | 476.78 million BoP, current US$ | 852.40 million BoP, current US$ | 10 |
| 2010s | 920.55 million BoP, current US$ | 835.11 million BoP, current US$ | 1.01 billion BoP, current US$ | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Imports of goods and services 14.31 billion current LCU (2024)
- Gross capital formation 1.14 billion current US$ (2024)
- Gross capital formation 7.87 billion current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- External balance on goods and services 3.4% (2024)
- External balance on goods and services 938.80 million current LCU (2024)
- Exports of goods and services 54.6% (2024)
- Imports of goods and services 51.2% (2024)
Frequently asked questions
- What is goods exports in Faroe Islands?
- Goods exports in Faroe Islands was 1.01 billion BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods exports recorded in Faroe Islands?
- The highest recorded value was 1.01 billion BoP, current US$ in 2011.
- What is the lowest goods exports recorded in Faroe Islands?
- The lowest recorded value was 442.17 million BoP, current US$ in 1998.
- How does Faroe Islands rank for goods exports?
- Faroe Islands ranks 153rd out of 199 countries with data for 2011.
- Is goods exports rising or falling in Faroe Islands?
- Over the last ten years it is up 94.9%. The long-run trend across the full record is rising.
- 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 Goods exports (BoP, 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
Exports of goods occur when there are changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. 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.