Financial Sector in Faroe Islands 22 indicators covering financial sector for Faroe Islands. IndicatorLatest Year10-yr change Rank Official exchange rate 6.62 LCU per US$, period average 2025 down 1.6% 119th Net migration 386 2025 down 22.6% 75th Net migration, annual growth rate -20.9 % change on previous year 2025 down 104.3% 158th GDP deflator: linked series 135.45 base year varies by country 2024 up 34.4% 106th Inflation, GDP deflator: linked series 2.0% 2024 down 25.3% 154th GDP deflator: linked series (base year varies by country), annual 2 % change on previous year 2024 down 25.3% 152nd Banking crisis dummy 0 1=banking crisis, 0=none 2017 — 4th Remittance inflows to GDP 0.0% 2019 down 100.0% 190th Primary income balance (credit less debit), Net (credits less debits) 121.78 million 2011 up 69.2% 32nd Secondary income balance (credit less debit), Net (credits less) 202.96 million 2011 up 53.6% 106th Services balance (credit less debit), Net (credits less debits) -187.40 million 2011 down 92.7% 113th Total current account credit/revenue, Credit/Revenue 1.68 billion 2011 up 63.0% 171st Current account balance (credit less debit), Net (credits less debits) 194.30 million 2011 up 523.1% 69th Goods balance (credit less debit), Net (credits less debits) 56.97 million 2011 up 175.3% 62nd Goods, Credit/Revenue 1.01 billion 2011 up 66.8% 152nd Primary income, Credit/Revenue 238.72 million 2011 up 63.7% 134th Services, Credit/Revenue 206.81 million 2011 up 56.1% 174th Secondary income, Credit/Revenue 231.36 million 2011 up 53.3% 158th Inward Direct investment, Assets (gross), All financial instruments 0 2024 down 100.0% 172nd Outward Direct investment, Assets (gross), All financial instruments 0 2024 down 100.0% 200th International migrant stock, total 8,101 2024 up 47.7% 197th International migrant stock 14.6% 2024 up 30.4% 60th