It was built as part of the open-source Data Transfer Project - a technology partnership between major social networking and digital companies created to make information hosted on one social media service available on other services.
The social network developed the tool using code developed through its participation in the open-source Data Transfer Project, which it joined in July (along with Apple, Google, Microsoft and Twitter), with the aim of giving people more control of their online data.
Currently, the service is live for users in Ireland, but Facebook expects the new tool to be available worldwide in the first half of 2020. Now is the time for Facebook to shine by moving faster with its personal data export mandate. We've kept privacy and security as top priorities, so all data transferred will be encrypted and people will be asked to enter their password before a transfer is initiated.
It also said it planned to include other services in future as part of its commitment to "data portability".
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"For example, a company using the Data Transfer Project framework can send an existing data type to a new service by simply creating a new Data Transfer Project importer for that data type", said Software developer William Morland.
The company said it will first be available to people in Ireland and will be refined based on user feedback.
In 2018, journalist Radhika Sanghani told BBC News the 324MB data file of her 12 years on Facebook had taken 40 minutes to download.
I have been a big fan of the Data Transfer Project since its original launch, and this new tool does sound pretty great.