Faroe Islands vs Malawi: Personal remittances, received
Personal remittances, received over time
- Faroe Islands
- Malawi
How they compare
Malawi currently reports 186.77 million current US$ against 158.41 million current US$ in Faroe Islands, a difference of 28.36 million current US$.
That makes Malawi's figure about 1.2 times Faroe Islands's.
Across all 14 years both countries report, Faroe Islands has been ahead every year.
Globally, Faroe Islands ranks 150th and Malawi ranks 147th of 196 countries.
Individual pages
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.