Faroe Islands vs Georgia: Charges for the use of intellectual property, payments (BoP, current)

Faroe Islands
0.0036 BoP, current US$ per US$ of GDP
in 2011
Georgia
0.0037 BoP, current US$ per US$ of GDP
in 2025
Faroe Islands rank
59th
Georgia rank
58th

Charges for the use of intellectual property, payments (BoP, current) over time

  • Faroe Islands
  • Georgia
00.0010.0020.0030.004199820112025

How they compare

Georgia currently reports 0.0037 BoP, current US$ per US$ of GDP against 0.0036 BoP, current US$ per US$ of GDP in Faroe Islands, a difference of 0.0001 BoP, current US$ per US$ of GDP.

The two have swapped places 2 times across 12 shared years of data; in 2000 it was Faroe Islands ahead.

Faroe Islands ranks 59th and Georgia ranks 58th of 170 countries.

Faroe Islands has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Faroe Islands Georgia Difference Ahead
2000s 0.0027 BoP, current US$ per US$ of GDP 0.0015 BoP, current US$ per US$ of GDP 0.0012 BoP, current US$ per US$ of GDP Faroe Islands
2010s 0.0035 BoP, current US$ per US$ of GDP 0.0006 BoP, current US$ per US$ of GDP 0.0029 BoP, current US$ per US$ of GDP Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher charges for the use of intellectual property, payments (bop, current), Faroe Islands or Georgia?
Georgia, at 0.0037 BoP, current US$ per US$ of GDP against 0.0036 BoP, current US$ per US$ of GDP in Faroe Islands as of 2025.
What is the difference in charges for the use of intellectual property, payments (bop, current) between Faroe Islands and Georgia?
0.0001 BoP, current US$ per US$ of GDP, with Georgia ahead.
How many years of comparable data are there for Faroe Islands and Georgia?
12 years are reported by both, from 2000 to 2011.
How do Faroe Islands and Georgia rank globally for charges for the use of intellectual property, payments (bop, current)?
Faroe Islands ranks 59th and Georgia ranks 58th of 170 countries.
Where does this data come from?
Statizoid (derived), published as Charges for the use of intellectual property, payments (BoP, current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Georgia: Charges for the use of intellectual property, payments (BoP, current). Statizoid, drawing on Statizoid (derived). Retrieved 28 September 2026, from https://economy.statizoid.com/compare/charges-for-the-use-of-intellectual-property-payments-bop-current-us-per-unit-of-gdp/faroe-islands/georgia/

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About this data

Indicator
Charges for the use of intellectual property, payments (BoP, current US$), per unit of GDP
Unit
BoP, current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
217 places, 7,741 data points, 1960–2025
Last refreshed

Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.