ICT service exports, US$ — all countries

ICT service exports, US$ — Faroe Islands

ICT service exports, US$ in the Faroe Islands in 2011 — 9,123,948 US$. Ranked 150 in the world out of 178. Since 1998, the indicator has risen by 1,371.6%.

2011 9.12M US$ +9.77% vs 2010
World rank 150of 178
Period maximum 9.12M US$2011
Period minimum 620,000 US$1998

Trend over time

1998–2011 · US$

ICT service exports, US$ — Faroe Islands, 1998–201102.5M5M7.5M10M199820002002200420062008201020111998: 620,000 US$1999: 680,000 US$2000: 980,000 US$2001: 1,740,000 US$2002: 2,150,000 US$2003: 2,170,000 US$2004: 1,659,201 US$2005: 3,715,584 US$2006: 3,408,808 US$2007: 3,276,870 US$2008: 5,442,427 US$2009: 6,519,219 US$2010: 8,311,793 US$2011: 9,123,948 US$
Change over the period: +8.5M (+1,371.6%) Average annual rate: 22.98 %

Comparison, 2011

How the value compares with the world and the groups this territory belongs to: Faroe Islands

Faroe Islands 9.12M US$
World 375B US$
Northern Europe computed 95.3B US$
High-income countries computed 272B US$
ICT service exports, US$ — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year US$ Change Change, %
2011 9.12M +812,155 +9.77%
2010 8.31M +1.79M +27.5%
2009 6.52M +1.08M +19.79%
2008 5.44M +2.17M +66.09%
2007 3.28M −131,938 −3.87%
2006 3.41M −306,776 −8.26%
2005 3.72M +2.06M +123.94%
2004 1.66M −510,799 −23.54%
2003 2.17M +20,000 +0.93%
2002 2.15M +410,000 +23.56%
2001 1.74M +760,000 +77.55%
2000 980,000 +300,000 +44.12%
1999 680,000 +60,000 +9.68%
1998 620,000

About the indicator

Exports of services in information and communication technologies: computer services and software development, information services, telecommunications. The one line of world trade that hardly depends on geography and logistics — which is why countries far from the trade routes have come out at the top of the list.

Important: Unlike the share, the absolute series makes it possible to compare the scale of the industry between countries: the share is high in tiny economies too, where the whole of exports of services is small.

Source: World Development Indicators (World Bank), license CC BY 4.0.