Primary income payments in Faroe Islands
Faroe Islands: Primary income payments was 116.94 million BoP, current US$ in 2011. ▲ Rising
Primary income payments in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for primary income payments in Faroe Islands is 116.94 million BoP, current US$, measured in 2011.
The figure is down 7.6% on the previous year and up 53.9% over ten years.
Over the whole period, primary income payments in Faroe Islands peaked at 192.50 million BoP, current US$ in 2008 and was at its lowest, 38.60 million BoP, current US$, in 2004.
That places Faroe Islands 166th out of 199 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81.14 million BoP, current US$ | 78.66 million BoP, current US$ | 83.61 million BoP, current US$ | 2 |
| 2000s | 100.00 million BoP, current US$ | 38.60 million BoP, current US$ | 192.50 million BoP, current US$ | 10 |
| 2010s | 121.73 million BoP, current US$ | 116.94 million BoP, current US$ | 126.52 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 163 Djibouti 158.38 million BoP, current US$ compare
- 164 Seychelles 147.19 million BoP, current US$ compare
- 165 Curacao 134.97 million BoP, current US$ compare
- 167 Grenada 114.73 million BoP, current US$ compare
- 168 Lesotho 106.35 million BoP, current US$ compare
- 169 Antigua and Barbuda 104.43 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 primary income payments in Faroe Islands?
- Primary income payments in Faroe Islands was 116.94 million BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Faroe Islands?
- The highest recorded value was 192.50 million BoP, current US$ in 2008.
- What is the lowest primary income payments recorded in Faroe Islands?
- The lowest recorded value was 38.60 million BoP, current US$ in 2004.
- How does Faroe Islands rank for primary income payments?
- Faroe Islands ranks 166th out of 199 countries with data for 2011.
- Is primary income payments rising or falling in Faroe Islands?
- Over the last ten years it is up 53.9%. The long-run trend across the full record is rising.
- 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.