Faeroe Islands Trade Indicators

2009
Country / Region
Year
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Trade Indicator

Definition Number of countries from which a particular country imports data in any given year.
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Notes 1) Product Total is used for this computation.
Last Updated Jan-03-2020
Number of Import Partners: 		184
Definition Total number of products imported by a country at the Harmonized System (HS) six digit level in any given year.
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Notes 1) All traded products at HS 6 digits are considered for this computation.
Last Updated Jan-03-2020
Number of Products Imported: 		3,408
Definition It is calculated as the number of countries to which the reporter exports a particular product divided by the number of countries that report importing the product that year.
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Valuation Export - FOB; Import - CIF
Currency Unit
Notes 1) Mirror Exports is considered for export data 2) All products at HS 6 digits are considered 3) Computation is performed at Country-Product level and aggregated to country level
Last Updated Jan-03-2020
Index Of Export Market Penetration: 		1.46
Definition Number of countries to whom a particular country exports data in any given year.
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Notes 1) Product 'Total' is used for this computation.
Last Updated Jan-03-2020
Number of Export Partners: 		64
Definition Definition
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Notes 1) All traded products at HS 6 digits are considered for this computation.
Last Updated Jan-03-2020
Number of Products Exported: 		328
Definition Hirschman Herfindahl index is a measure of the dispersion of trade value across an exporter’s partners. A country with trade (export or import) that is concentrated in a very few markets will have an index value close to 1. Similarly, a country with a perfectly diversified trade portfolio will have an index close to zero.
Source WITS - UNSD Comtrade
Classification Harmonized System 1988/92, SITC Revision 2
Valuation Export - FOB; Import - CIF
Currency Unit
Notes 1) Mirror Exports is considered for export data 2) All Countries except World and EUN are considered as partner group 3) Product Total is used for this computation 4) The indicator is computed at reporter-partner level and aggregated to reporter level
Last Updated Jan-03-2020
HH Market Concentration Index: 		0.12

Development Indicator- Merchandise Trade

Definition Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2000). UNCTAD's import value indexes are reported for most economies. For selected economies for which UNCTAD does not publish data, the import value indexes are derived from import volume indexes (line 73) and corresponding unit value indexes of imports (line 75) in the IMF's International Financial Statistics.
Source WDI
Topic Private Sector & Trade: Trade indexes
Last Updated Jan-10-2020
Import value index (2000 = 100): 		146.99
Definition Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the import volume indexes (lines 73) in the IMF's International Financial Statistics are used.
Source WDI
Topic Private Sector & Trade: Trade indexes
Last Updated Jan-10-2020
Import volume index (2000 = 100): 		104.46
Definition Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Goods imports (BoP, current US$): 		752,625,065.25
Definition Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded.
Source WDI
Topic Private Sector & Trade: Business environment
Last Updated Feb-11-2019
Cost to import (US$ per container): 		...
Definition All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.
Source WDI
Topic Private Sector & Trade: Trade facilitation
Last Updated Feb-11-2019
Documents to import (number): 		...
Definition Time to import is the time necessary to comply with all procedures required to import goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.
Source WDI
Topic Private Sector & Trade: Trade facilitation
Last Updated Feb-11-2019
Time to import (days): 		...
Definition Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
Source WDI
Topic Economic Policy & Debt: National accounts: Shares of GDP & other
Last Updated Jan-10-2020
Trade (% of GDP): 		89.38
Definition Net trade in goods is the difference between exports and imports of goods. Trade in services is not included. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Balances
Last Updated Jan-10-2020
Net trade in goods (BoP, current US$): 		13,060,646.00
Definition Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2000). UNCTAD's export value indexes are reported for most economies. For selected economies for which UNCTAD does not publish data, the export value indexes are derived from export volume indexes (line 72) and corresponding unit value indexes of exports (line 74) in the IMF's International Financial Statistics.
Source WDI
Topic Private Sector & Trade: Trade indexes
Last Updated Jan-10-2020
Export value index (2000 = 100): 		160.71
Definition Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the export volume indexes (lines 72) in the IMF's International Financial Statistics are used.
Source WDI
Topic Private Sector & Trade: Trade indexes
Last Updated Jan-10-2020
Export volume index (2000 = 100): 		114.32
Definition Goods exports refer to all movable goods (including nonmonetary gold and net exports of goods under merchanting) involved in a change of ownership from residents to nonresidents. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Goods exports (BoP, current US$): 		765,685,711.24
Definition Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded. Several assumptions are made for the business surveyed: Has 60 or more employees; Is located in the country's most populous city; Is a private, limited liability company. It does not operate within an export processing zone or an industrial estate with special export or import privileges; Is domestically owned with no foreign ownership; Exports more than 10% of its sales. Assumptions about the traded goods: The traded product travels in a dry-cargo, 20-foot, full container load. The product: Is not hazardous nor does it include military items; Does not require refrigeration or any other special environment; Does not require any special phytosanitary or environmental safety standards other than accepted international standards.
Source WDI
Topic Private Sector & Trade: Business environment
Last Updated Feb-11-2019
Cost to export (US$ per container): 		...
Definition All documents required per shipment to export goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.
Source WDI
Topic Private Sector & Trade: Trade facilitation
Last Updated Feb-11-2019
Documents to export (number): 		...
Definition Time to export is the time necessary to comply with all procedures required to export goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.
Source WDI
Topic Private Sector & Trade: Trade facilitation
Last Updated Feb-11-2019
Time to export (days): 		...
Definition Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source WDI
Topic Private Sector & Trade: Total merchandise trade
Last Updated Jan-10-2020
Merchandise trade (% of GDP): 		68.12
Definition Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.
Source WDI
Topic Private Sector & Trade: Trade indexes
Last Updated Jan-10-2020
Net barter terms of trade index (2000 = 100): 		99.90

Development Indicator- Services Trade

Definition Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Service imports (BoP, current US$): 		342,645,752.69
Definition Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source WDI
Topic Economic Policy & Debt: National accounts: Shares of GDP & other
Last Updated Jan-10-2020
Imports of goods and services (% of GDP): 		47.86
Definition Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
Imports of goods and services (annual % growth): 		...
Definition Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Imports of goods and services (BoP, current US$): 		1,095,270,817.93
Definition Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Expenditure on GDP
Last Updated Jan-10-2020
Imports of goods and services (constant 2010 US$): 		...
Definition Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at current prices: Expenditure on GDP
Last Updated Jan-10-2020
Imports of goods and services (current US$): 		1,085,675,912.63
Definition Imports of goods, services and primary income is the sum of goods imports, service imports and primary income payments. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Imports of goods, services and primary income (BoP, current US$): 		1,262,318,511.80
Definition International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Their share in imports is calculated as a ratio to imports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.
Source WDI
Topic Private Sector & Trade: Travel & tourism
Last Updated Jan-10-2020
International tourism, expenditures (% of total imports): 		...
Definition 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.
Source WDI
Topic Private Sector & Trade: Imports
Last Updated Jan-10-2020
Commercial service imports (current US$): 		342,645,752.69
Definition Transport services (% of commercial service imports) covers all transport services (sea, air, land, internal waterway, space, and pipeline) performed by residents of one economy for those of another and involving the carriage of passengers, movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services.
Source WDI
Topic Private Sector & Trade: Imports
Last Updated Jan-10-2020
Transport services (% of commercial service imports): 		21.23
Definition Insurance and financial services cover freight insurance on goods imported 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 WDI
Topic Private Sector & Trade: Imports
Last Updated Jan-10-2020
Insurance and financial services (% of commercial service imports): 		1.70
Definition Travel services (% of commercial service imports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging, meals, and transport (within the economy visited).
Source WDI
Topic Private Sector & Trade: Imports
Last Updated Jan-10-2020
Travel services (% of commercial service imports): 		24.65
Definition Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Travel services (% of service imports, BoP): 		24.65
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 WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Transport services (% of service imports, BoP): 		21.23
Definition Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.
Source WDI
Topic Infrastructure: Communications
Last Updated Jan-10-2020
ICT service exports (BoP, current US$): 		6,519,218.75
Definition Computer, communications and other services (% of commercial service exports) 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.
Source WDI
Topic Private Sector & Trade: Exports
Last Updated Jan-10-2020
Computer, communications and other services (% of commercial service exports): 		30.60
Definition Net energy imports are estimated as energy use less production, both measured in oil equivalents. A negative value indicates that the country is a net exporter. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport.
Source WDI
Topic Environment: Energy production & use
Last Updated Jan-10-2020
Energy imports, net (% of energy use): 		...
Definition Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Trade in services (% of GDP): 		22.60
Definition Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Service exports (BoP, current US$): 		169,966,538.90
Definition Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source WDI
Topic Economic Policy & Debt: National accounts: Shares of GDP & other
Last Updated Jan-10-2020
Exports of goods and services (% of GDP): 		41.52
Definition Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
Exports of goods and services (annual % growth): 		...
Definition Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Exports of goods and services (BoP, current US$): 		935,652,250.14
Definition Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Expenditure on GDP
Last Updated Jan-10-2020
Exports of goods and services (constant 2010 US$): 		...
Definition Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at current prices: Expenditure on GDP
Last Updated Jan-10-2020
Exports of goods and services (current US$): 		941,819,470.61
Definition Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Exports of goods, services and primary income (BoP, current US$): 		1,094,885,398.15
Definition International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.
Source WDI
Topic Private Sector & Trade: Travel & tourism
Last Updated Jan-10-2020
International tourism, receipts (% of total exports): 		...
Definition Commercial service exports are total service exports minus exports 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.
Source WDI
Topic Private Sector & Trade: Exports
Last Updated Jan-10-2020
Commercial service exports (current US$): 		169,966,538.90
Definition Transport services (% of commercial service exports) covers all transport services (sea, air, land, internal waterway, space, and pipeline) performed by residents of one economy for those of another and involving the carriage of passengers, movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services.
Source WDI
Topic Private Sector & Trade: Exports
Last Updated Jan-10-2020
Transport services (% of commercial service exports): 		43.90
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 WDI
Topic Private Sector & Trade: Exports
Last Updated Jan-10-2020
Insurance and financial services (% of commercial service exports): 		0.78
Definition Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).
Source WDI
Topic Private Sector & Trade: Exports
Last Updated Jan-10-2020
Travel services (% of commercial service exports): 		24.72
Definition Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Travel services (% of service exports, BoP): 		24.72
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 WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Transport services (% of service exports, BoP): 		43.90
Definition Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).
Source WDI
Topic Infrastructure: Communications
Last Updated Jan-10-2020
ICT service exports (% of service exports, BoP): 		3.84
Definition Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Goods, services & income
Last Updated Jan-10-2020
Communications, computer, etc. (% of service imports, BoP): 		52.42
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.
Source WDI
Topic Economic Policy & Debt: Balance of payments: Current account: Balances
Last Updated Jan-10-2020
Net trade in goods and services (BoP, current US$): 		-159,618,567.80
Definition 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.
Source WDI
Topic Private Sector & Trade: Imports
Last Updated Jan-10-2020
Computer, communications and other services (% of commercial service imports): 		52.42

Development Indicator - Trade Related Taxes

Definition Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on exports (% of tax revenue): 		...
Definition Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on goods and services (% of revenue): 		...
Definition Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on goods and services (current LCU): 		...
Definition Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on international trade (current LCU): 		...
Definition Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on exports (current LCU): 		...
Definition Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on goods and services (% value added of industry and services): 		...
Definition Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Taxes on international trade (% of revenue): 		...
Definition Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
Source WDI
Topic Public Sector: Government finance: Revenue
Last Updated Jan-10-2020
Customs and other import duties (% of tax revenue): 		...

Development Indiator - GDP, GNI and Others

Definition GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Aggregate indicators
Last Updated Jan-10-2020
GDP (constant 2010 US$): 		...
Definition GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators
Last Updated Jan-10-2020
GDP (current US$): 		2,268,387,770.71
Definition Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
GDP growth (annual %): 		...
Definition GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Aggregate indicators
Last Updated Jan-10-2020
GDP per capita (constant 2010 US$): 		...
Definition GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators
Last Updated Jan-10-2020
GDP per capita (current US$): 		47,441.92
Definition Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
GDP per capita growth (annual %): 		...
Definition GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GDP per capita, PPP (constant 2011 international $): 		...
Definition GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars based on the 2011 ICP round.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GDP per capita, PPP (current international $): 		...
Definition PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GDP, PPP (constant 2011 international $): 		...
Definition PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GDP, PPP (current international $): 		...
Definition GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Aggregate indicators
Last Updated Jan-10-2020
GNI (constant 2010 US$): 		...
Definition GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators
Last Updated Jan-10-2020
GNI (current US$): 		2,216,512,152.81
Definition GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
GNI growth (annual %): 		...
Definition GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.
Source WDI
Topic Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Aggregate indicators
Last Updated Jan-10-2020
GNI per capita (constant 2010 US$): 		...
Definition GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
Source WDI
Topic Economic Policy & Debt: National accounts: Atlas GNI & GNI per capita
Last Updated Jan-10-2020
GNI per capita, Atlas method (current US$): 		...
Definition Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Source WDI
Topic Economic Policy & Debt: National accounts: Growth rates
Last Updated Jan-10-2020
GNI per capita growth (annual %): 		...
Definition GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GNI per capita, PPP (constant 2011 international $): 		...
Definition GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars based on the 2011 ICP round.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GNI per capita, PPP (current international $): 		...
Definition PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GNI, PPP (constant 2011 international $): 		...
Definition PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).
Source WDI
Topic Economic Policy & Debt: Purchasing power parity
Last Updated Jan-10-2020
GNI, PPP (current international $): 		...