Faeroe Islands Maritime Stats
Definitions
- Communications, computer, etc. > % of service exports, BoP: Communications, computer, etc. (% of service exports, BoP). 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.
- Current account balance > % of GDP: Current account balance (% of GDP). Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.
- Export value index > 2000 = 100: Export value index (2000 = 100). 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.
- Export value index > 2000 = 100 per million: Export value index (2000 = 100). 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. Figures expressed per million population for the same year.
- Export volume index > 2000 = 100: Export volume index (2000 = 100). 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 UNCTADu2019s estimates using the previous yearu2019s 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 UNCTADu2019s Commodity Price Statistics, internaxadtional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current yearu2019s 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.
- Export volume index > 2000 = 100 per million: Export volume index (2000 = 100). 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 UNCTADu2019s estimates using the previous yearu2019s 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 UNCTADu2019s Commodity Price Statistics, internaxadtional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current yearu2019s 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. Figures expressed per million population for the same year.
- Exports of goods and services > BoP, current US$: Exports of goods and services (BoP, current US$). 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.
- Exports of goods and services > BoP, current US$ per capita: Exports of goods and services (BoP, current US$). Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Exports of goods and services > BoP, current US$, % of GDP: Exports of goods and services (BoP, current US$). Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Food exports > % of merchandise exports: Food exports (% of merchandise exports). Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).
- Fuel imports > % of merchandise imports: Fuel imports (% of merchandise imports). Fuels comprise the commodities in SITC section 3 (mineral fuels).
- Goods exports > BoP, current US$: Goods exports (BoP, current US$). Goods exports refer to all movable goods (including nonmonetary gold and net exports of goods under merchanting) involved in a change of ownership from residents to nonresidents. Data are in current U.S. dollars.
- Goods exports > BoP, current US$, % of GDP: Goods exports (BoP, current US$). Goods exports refer to all movable goods (including nonmonetary gold and net exports of goods under merchanting) involved in a change of ownership from residents to nonresidents. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Goods imports > BoP, current US$: Goods imports (BoP, current US$). Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. Data are in current U.S. dollars.
- Goods imports > BoP, current US$, % of GDP: Goods imports (BoP, current US$). 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. Figures expressed as a proportion of GDP for the same year
- ICT goods exports > % of total goods exports: ICT goods exports (% of total goods exports). Information and communication technology goods exports include telecommunications, audio and video, computer and related equipment; electronic components; and other information and communication technology goods. Software is excluded.
- ICT goods imports > % total goods imports: ICT goods imports (% total goods imports). Information and communication technology goods imports include telecommunications, audio and video, computer and related equipment; electronic components; and other information and communication technology goods. Software is excluded.
- Import value index > 2000 = 100: Import value index (2000 = 100). 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.
- Import value index > 2000 = 100 per million: Import value index (2000 = 100). 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. Figures expressed per million population for the same year.
- Imports of goods and services > BoP, current US$ per capita: Imports of goods and services (BoP, current US$). Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Imports of goods and services > BoP, current US$, % of GDP: Imports of goods and services (BoP, current US$). 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. Figures expressed as a proportion of GDP for the same year
- Insurance and financial services > % of commercial service exports: Insurance and financial services (% of commercial service exports). 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.
- Insurance and financial services > % of commercial service imports: Insurance and financial services (% of commercial service imports). 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.
- Insurance and financial services > % of service exports, BoP: Insurance and financial services (% of service exports, BoP). Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.
- Liner shipping connectivity index > Maximum value in 2004 = 100: Liner shipping connectivity index (maximum value in 2004 = 100). The Liner Shipping Connectivity Index captures how well countries are connected to global shipping networks. It is computed by the United Nations Conference on Trade and Development (UNCTAD) based on five components of the maritime transport sector: number of ships, their container-carrying capacity, maximum vessel size, number of services, and number of companies that deploy container ships in a country's ports. For each component a country's value is divided by the maximum value of each component in 2004, the five components are averaged for each country, and the average is divided by the maximum average for 2004 and multiplied by 100. The index generates a value of 100 for the country with the highest average index in 2004. . The underlying data come from Containerisation International Online.
- Liner shipping connectivity index > Maximum value in 2004 = 100 per million: Liner shipping connectivity index (maximum value in 2004 = 100). The Liner Shipping Connectivity Index captures how well countries are connected to global shipping networks. It is computed by the United Nations Conference on Trade and Development (UNCTAD) based on five components of the maritime transport sector: number of ships, their container-carrying capacity, maximum vessel size, number of services, and number of companies that deploy container ships in a country's ports. For each component a country's value is divided by the maximum value of each component in 2004, the five components are averaged for each country, and the average is divided by the maximum average for 2004 and multiplied by 100. The index generates a value of 100 for the country with the highest average index in 2004. . The underlying data come from Containerisation International Online. Figures expressed per million population for the same year.
- Merchandise exports by the reporting economy, residual > % of total merchandise exports: Merchandise exports by the reporting economy, residual (% of total merchandise exports). Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.
- Merchandise exports to high-income economies > % of total merchandise exports: Merchandise exports to high-income economies (% of total merchandise exports). Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
- Net barter terms of trade index > 2000 = 100: Net barter terms of trade index (2000 = 100). 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 UNCTADu2019s estimates using the previous yearu2019s 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 UNCTADu2019s Commodity Price Statistics, internaxadtional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current yearu2019s trade values as weights.
- Net barter terms of trade index > 2000 = 100 per million: Net barter terms of trade index (2000 = 100). 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 UNCTADu2019s estimates using the previous yearu2019s 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 UNCTADu2019s Commodity Price Statistics, internaxadtional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current yearu2019s trade values as weights. Figures expressed per million population for the same year.
- Ores and metals imports > % of merchandise imports: Ores and metals imports (% of merchandise imports). Ores and metals comprise commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals).
- Service exports > BoP, current US$: Service exports (BoP, current US$). Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.
- Service exports > BoP, current US$, % of GDP: Service exports (BoP, current US$). 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. Figures expressed as a proportion of GDP for the same year
- Transport services > % of commercial service exports: Transport services (% of commercial service exports). 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.
- Travel services > % of commercial service exports: Travel services (% of commercial service exports). 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).
- Travel services > % of commercial service imports: Travel services (% of commercial service imports). 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).
SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. World Bank World Development Indicators.; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank staff estimates; United Nations Conference on Trade and Development's UNCTADstat database at http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx.; United Nations Conference on Trade and Development, Review of Maritime Transport 2010.; United Nations Conference on Trade and Development, Review of Maritime Transport 2010. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.
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