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Faroe Islands

Faroe Islands Imports Stats

Definitions

  • Commercial service imports > Current US$: Commercial service imports are total service imports minus imports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies."
  • Computer > Communications and other services > % of commercial service imports: Computer, communications and other services (% of commercial service imports) include such activities as international telecommunications, and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; and personal, cultural, and recreational services."
  • Goods > Services and income: Imports of goods, services and income is the sum of goods (merchandise) imports, imports of (nonfactor) services and income (factor) payments. Data are in current U.S. dollars."
  • Merchandise imports by the reporting economy > Current US$: Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Commercial service imports > Current US$ $145.50 million 2003 138th out of 159
Computer > Communications and other services > % of commercial service imports 28.75% 2003 69th out of 157
Goods > Services and income 906.72 million 2003 134th out of 159
Merchandise imports by the reporting economy > Current US$ $727.31 million 2009 164th out of 180

SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

Citation

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