Primary income receipts in Faroe Islands
Faroe Islands: Primary income receipts was 238.72 million BoP, current US$ in 2011. ▲ Rising
Primary income receipts in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for primary income receipts in Faroe Islands is 238.72 million BoP, current US$, measured in 2011. That is the highest value across all 14 years on record.
The figure is up 13.8% on the previous year and up 163.5% over ten years.
Over the whole period, primary income receipts in Faroe Islands peaked at 238.72 million BoP, current US$ in 2011 and was at its lowest, 90.61 million BoP, current US$, in 2001.
That places Faroe Islands 134th out of 198 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 112.80 million BoP, current US$ | 112.06 million BoP, current US$ | 113.53 million BoP, current US$ | 2 |
| 2000s | 143.56 million BoP, current US$ | 90.61 million BoP, current US$ | 232.03 million BoP, current US$ | 10 |
| 2010s | 224.24 million BoP, current US$ | 209.75 million BoP, current US$ | 238.72 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 131 North Macedonia 268.05 million BoP, current US$ compare
- 132 Ecuador 262.24 million BoP, current US$ compare
- 133 Afghanistan 240.40 million BoP, current US$ compare
- 135 Botswana 238.31 million BoP, current US$ compare
- 136 Cameroon 228.85 million BoP, current US$ compare
- 137 Mauritania 212.33 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 receipts in Faroe Islands?
- Primary income receipts in Faroe Islands was 238.72 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 receipts recorded in Faroe Islands?
- The highest recorded value was 238.72 million BoP, current US$ in 2011.
- What is the lowest primary income receipts recorded in Faroe Islands?
- The lowest recorded value was 90.61 million BoP, current US$ in 2001.
- How does Faroe Islands rank for primary income receipts?
- Faroe Islands ranks 134th out of 198 countries with data for 2011.
- Is primary income receipts rising or falling in Faroe Islands?
- Over the last ten years it is up 163.5%. 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 receipts (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). 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.