Faroe Islands High-tech Exports
High-technology exports as % of manufactured exports TX.VAL.TECH.MF.ZS
Faroe Islands's high-tech exports was 0.64% in 2009, ranked 114th globally. This represents a 86.7% decrease from 2008. Data from World Bank, covering 2007–2009.
Overview
Faroe Islands's high-tech exports stood at 0.64% in 2009, a decline of +4.17% from 2008. Faroe Islands ranked 114th globally.
Faroe Islands’ high‑tech exports measured as a share of total merchandise exports were 0.64 in 2009, placing the territory at 114th in the world according to the World Bank. The three‑year series shows a rapid expansion from 0.48 in 2007, the all‑time trough, to a striking peak of 4.80 in 2008, before retreating to the 2009 level. This volatility reflects the islands’ limited industrial base and the outsized impact of a few niche products that entered global supply chains during the 2008 surge. By comparison, peer economies with similar rankings such as St. Vincent and the Grenadines (0.82) and Yemen (0.58) recorded more stable shares, suggesting that Faroe Islands’ high‑tech export performance is more sensitive to sector‑specific shocks. Continued diversification of the technology sector and stronger integration with European research networks could help smooth fluctuations and sustain a modest upward trajectory in the coming years.
Data & projection
| Year | High-tech Exports | YoY change | Rank |
|---|---|---|---|
| 2009 | 0.64% | −4.17% | #114 |
| 2008 | 4.80% | +4.33% | #65 |
| 2007 | 0.48% | – | #76 |
Analysis
Faroe Islands's high-tech exports was 0.64% in 2009, a decline of −4.17% from 2008.
Frequently Asked Questions
Faroe Islands's high-tech exports was 0.64% in 2009. Ranked 114th globally. This represents a 86.7% decrease from the previous year.
Faroe Islands's high-tech exports peaked at 4.80% in 2008.
The lowest high-tech exports in Faroe Islands was 0.48% in 2007.
Faroe Islands ranks 114th globally in high-tech exports as of 2009.
The World Bank indicator code is TX.VAL.TECH.MF.ZS. Data sourced from World Bank.
The high-tech exports of Faroe Islands in 2009 was 0.64%. This ranks 114th in the world.
Cite this page
@misc{historysaid_faroe-islands_high-tech-exports,
title = {Faroe Islands High-tech Exports},
url = {https://historysaid.com/faroe-islands/high-tech-exports/},
publisher = {HistorySaid},
year = {2026}
}