High-technology exports — all countries

High-technology exports — Faroe Islands

High-technology exports in the Faroe Islands in 2009 — 358,803 US$. Ranked 120 in the world out of 132. Since 2007, the indicator has risen by 165.4%.

2009 358,803 US$ −94.43% vs 2008
World rank 120of 132
Period maximum 6.44M US$2008
Period minimum 135,174 US$2007

Trend over time

2007–2009 · US$

High-technology exports — Faroe Islands, 2007–200902M4M6M8M2007200820092007: 135,174 US$2008: 6,442,960 US$2009: 358,803 US$
Change over the period: +223,629 (+165.44%) Average annual rate: 62.92 %

Comparison, 2009

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

Faroe Islands 358,803 US$
Northern Europe computed 123B US$
High-income countries computed 1.12T US$
High-technology exports — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year US$ Change Change, %
2009 358,803 −6.08M −94.43%
2008 6.44M +6.31M +4,666.42%
2007 135,174

About the indicator

Exports of research-intensive products: aerospace equipment, computers, pharmaceuticals, scientific instruments, electrical machinery. The classification rests on the share of research spending in the value of an industry's output rather than on the sophistication of the item — which is why pharmaceuticals make the list and, say, automobile manufacturing does not.

Important: It is measured by the value of the goods crossing the border, not by the value added inside the country. For countries that assemble electronics from imported parts the figure is well above their actual contribution.

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