Faroe Islands: Trade balance, in dollars

The latest value from 2011 is -0.13 billion U.S. dollars, a decline from -0.09 billion U.S. dollars in 2010. In comparison, the world average is 2.43 billion U.S. dollars, based on data from 179 countries. Historically, the average for the Faroe Islands from 1998 to 2011 is -0.12 billion U.S. dollars. The minimum value, -0.37 billion U.S. dollars, was reached in 2007 while the maximum of 0.03 billion U.S. dollars was recorded in 1998. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.