Faroe Islands vs Liberia: Current account balance
Current account balance over time
- Faroe Islands
- Liberia
How they compare
Faroe Islands currently reports 194.30 million BoP, current US$ against 119.78 million BoP, current US$ in Liberia, a difference of 74.52 million BoP, current US$.
That makes Faroe Islands's figure about 1.6 times Liberia's.
Across all 8 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 64th and Liberia ranks 67th of 199 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Liberia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.72 million BoP, current US$ | -228.46 million BoP, current US$ | 236.18 million BoP, current US$ | Faroe Islands |
| 2010s | 169.29 million BoP, current US$ | -1.06 billion BoP, current US$ | 1.23 billion BoP, current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Faroe Islands or Liberia?
- Faroe Islands, at 194.30 million BoP, current US$ against 119.78 million BoP, current US$ in Liberia as of 2011.
- What is the difference in current account balance between Faroe Islands and Liberia?
- 74.52 million BoP, current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Liberia?
- 8 years are reported by both, from 2004 to 2011.
- How do Faroe Islands and Liberia rank globally for current account balance?
- Faroe Islands ranks 64th and Liberia ranks 67th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.