Faroe Islands: Social globalization
(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series
Faroe Islands: Social globalization index (0-100): For that indicator, The Swiss Institute of Technology in Zurich provides data for the Faroe Islands from 1970 to 2016. The average value for the Faroe Islands during that period was 74.44 points with a minumum of 69.03 points in 1996 and a maximum of 83.12 points in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
The KOF Social Globalization Index for the Faroe Islands and other countries has three dimensions. First, it reflects the extent of personal contacts across borders via travel, migration, remittances, and other means. Second, it measures the information flow between the Faroe Islands and the rest of the world in terms of telecommunications through television, internet, mail, and other channels. Third, the index reflects the cultural proximity of a country to other countries via the access to international movies, music, and other media. Various measures for these indicators are compiled into one overall "social globalization" index for the Faroe Islands. More information and the original data can be obtained here.
Definition: Social globalization has three dimensions: personal contacts, information flows, and cultural proximity. The sub-index on personal contacts includes international telecom traffic, degree of tourism, transfers, foreign population, and number of international letters. The sub-index on information flows includes number of internet users, share of households with a television set, and trade in newspapers. The sub-index on cultural proximity includes trade in books and number of McDonald’s restaurants and Ikea located in a country.