Home > Countries > Faroe Islands > Economic Policy & Debt > Balance of payments

Faroe Islands - Transport services

Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in Faroe Islands was 23.83 as of 2011. Its highest value over the past 13 years was 36.44 in 1998, while its lowest value was 18.46 in 2005.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Year	Value
1998	36.44
1999	31.66
2000	29.34
2001	32.96
2002	27.65
2003	26.69
2004	25.25
2005	18.46
2006	21.66
2007	32.43
2008	24.07
2009	21.23
2010	21.87
2011	23.83

Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in Faroe Islands was 40.59 as of 2011. Its highest value over the past 13 years was 59.46 in 2008, while its lowest value was 33.75 in 1998.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Year	Value
1998	33.75
1999	34.71
2000	34.19
2001	39.16
2002	36.10
2003	44.27
2004	42.69
2005	35.72
2006	47.61
2007	53.16
2008	59.46
2009	43.90
2010	45.52
2011	40.59

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments