Service imports in the Faroe Islands in 2011 — 394,203,380 US$. Ranked 158 in the world out of 187. Since 1998, the indicator has risen by 334.6%.
1998–2011 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2011 | 394M | +28.08M | +7.67% |
| 2010 | 366M | +23.47M | +6.85% |
| 2009 | 343M | −39.23M | −10.27% |
| 2008 | 382M | +22.66M | +6.31% |
| 2007 | 359M | +85.12M | +31.05% |
| 2006 | 274M | +44.31M | +19.29% |
| 2005 | 230M | +68.69M | +42.64% |
| 2004 | 161M | +14.19M | +9.66% |
| 2003 | 147M | +14.84M | +11.24% |
| 2002 | 132M | +26.81M | +25.47% |
| 2001 | 105M | +8.08M | +8.32% |
| 2000 | 97.17M | +2.39M | +2.52% |
| 1999 | 94.78M | +4.08M | +4.5% |
| 1998 | 90.7M | — | — |
The same indicator for neighboring countries — with links to their pages
Imports of services: what residents spend on foreign transport, travel, insurance, business and computer services. A large and inconspicuous item: the spending of a country's own tourists abroad is counted here, so countries with well-off populations and a short holiday season have large service imports even when merchandise trade is weak. For many countries the difference between exports and imports of services flips the sign of a trade balance computed on goods alone.
Important: The trips of a country's own citizens abroad are part of service imports, not a separate item. It excludes compensation paid to foreign workers and investment income.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much a country sells abroad in services — tourism, transport, communications, software.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
Trade Exports of goods and servicesThe value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
