Faroe Islands - Insurance and financial services exports
Insurance and financial services (% of commercial service exports)
The value for Insurance and financial services (% of commercial service exports) in Faroe Islands was 0.78 as of 2011. As the graph below shows, over the past 13 years this indicator reached a maximum value of 14.85 in 2002 and a minimum value of 0.33 in 2005.
Definition: Insurance and financial services cover freight insurance on goods exported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | 5.00 |
| 1999 | 7.78 |
| 2000 | 14.46 |
| 2001 | 8.03 |
| 2002 | 14.85 |
| 2003 | 3.94 |
| 2004 | 0.99 |
| 2005 | 0.33 |
| 2006 | 0.50 |
| 2007 | 0.50 |
| 2008 | 0.51 |
| 2009 | 0.78 |
| 2010 | 0.73 |
| 2011 | 0.78 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Exports
