Net primary income in Faroe Islands
Faroe Islands: Net primary income was 121.78 million BoP, current US$ in 2011. ◆ Volatile
Net primary income in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Faroe Islands recorded 121.78 million BoP, current US$ for net primary income in 2011. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 46.3% on the previous year and up 731.8% over ten years.
Over the whole period, net primary income in Faroe Islands peaked at 121.78 million BoP, current US$ in 2011 and was at its lowest, -7.81 million BoP, current US$, in 2009.
Faroe Islands ranks 37th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.66 million BoP, current US$ | 28.45 million BoP, current US$ | 34.87 million BoP, current US$ | 2 |
| 2000s | 43.56 million BoP, current US$ | -7.81 million BoP, current US$ | 88.16 million BoP, current US$ | 10 |
| 2010s | 102.51 million BoP, current US$ | 83.24 million BoP, current US$ | 121.78 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 34 Kiribati 195.15 million BoP, current US$ compare
- 35 Afghanistan 189.23 million BoP, current US$ compare
- 36 Vanuatu 180.66 million BoP, current US$ compare
- 38 Djibouti 115.93 million BoP, current US$ compare
- 39 Nauru 90.11 million BoP, current US$ compare
- 40 Montenegro 68.51 million BoP, current US$ compare
More economy & growth data for Faroe Islands
- Imports of goods and services 51.2% (2024)
- Gross capital formation 7.87 billion current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- Imports of goods and services 14.31 billion current LCU (2024)
- External balance on goods and services 938.80 million current LCU (2024)
- Trade 105.8% (2024)
- External balance on goods and services 3.4% (2024)
- Gross capital formation 1.14 billion current US$ (2024)
- External balance on goods and services 136.17 million current US$ (2024)
Frequently asked questions
- What is net primary income in Faroe Islands?
- Net primary income in Faroe Islands was 121.78 million BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net primary income recorded in Faroe Islands?
- The highest recorded value was 121.78 million BoP, current US$ in 2011.
- What is the lowest net primary income recorded in Faroe Islands?
- The lowest recorded value was -7.81 million BoP, current US$ in 2009.
- How does Faroe Islands rank for net primary income?
- Faroe Islands ranks 37th out of 199 countries with data for 2011.
- Is net primary income rising or falling in Faroe Islands?
- Over the last ten years it is up 731.8%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.