Services, Debit/Expenditure in Faroe Islands
Faroe Islands: Services, Debit/Expenditure was 394.20 million in 2011. ▲ Rising
Services, Debit/Expenditure in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
The most recent figure for services, debit/expenditure in Faroe Islands is 394.20 million, measured in 2011. That is the highest value across all 7 years on record.
The figure is up 7.7% on the previous year and up 71.6% over ten years.
Faroe Islands ranks 171st of 198 countries on this measure, in the bottom quarter.
Services, Debit/Expenditure in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 229.78 million | — |
| 2006 | 274.10 million | +19.3% |
| 2007 | 359.21 million | +31.1% |
| 2008 | 381.87 million | +6.3% |
| 2009 | 342.65 million | -10.3% |
| 2010 | 366.12 million | +6.9% |
| 2011 | 394.20 million | +7.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 394.20 million is below the median for high income countries, which is 18.44 billion, 2% of the median. (72 countries reporting)
- Faroe Islands's 394.20 million is below the median for Europe & Central Asia, which is 18.83 billion, 2% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 317.52 million | 229.78 million | 381.87 million | 5 |
| 2010s | 380.16 million | 366.12 million | 394.20 million | 2 |
Countries ranked near Faroe Islands
More trade data for Faroe Islands
- Imports of low carbon technology products, US dollar (World), per 340.17 units per person (2009)
- Imports of low carbon technology products, US dollar (World), per 0.0072 units per US$ of GDP (2009)
- Exports of low carbon technology products, US dollar (World), gaps 121,554 (2009)
- Exports of low carbon technology products, US dollar (World), per 2.49 units per person (2009)
- Total trade in low carbon technology products, US dollar (World) 16.72 million (2009)
- Trade balance in low carbon technology products, US dollar (World) -16.48 million (2009)
- Exports of low carbon technology products, US dollar (World), per 0.0001 units per US$ of GDP (2009)
- Total trade in low carbon technology products, US dollar (World), per 342.66 units per person (2009)
- Total trade in low carbon technology products, US dollar (World), per 0.0073 units per US$ of GDP (2009)
- Imports of low carbon technology products, US dollar (World), gaps 16.60 million (2009)
Frequently asked questions
- What is services, debit/expenditure in Faroe Islands?
- Services, debit/expenditure in Faroe Islands was 394.20 million in 2011, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Faroe Islands?
- The highest recorded value was 394.20 million in 2011.
- What is the lowest services, debit/expenditure recorded in Faroe Islands?
- The lowest recorded value was 229.78 million in 2005.
- How does Faroe Islands rank for services, debit/expenditure?
- Faroe Islands ranks 171st out of 198 countries with data for 2011.
- Is services, debit/expenditure rising or falling in Faroe Islands?
- Over the last ten years it is up 71.6%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.