Faroe Islands vs Ghana: Current account balance
Current account balance over time
- Faroe Islands
- Ghana
How they compare
Ghana currently reports 8.2% against 7.8% in Faroe Islands, a difference of 0.4%.
That makes Ghana's figure about 1.1 times Faroe Islands's.
The two have swapped places 2 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 25th and Ghana ranks 23rd of 200 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Ghana | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.9% | -9.7% | 27.7% | Faroe Islands |
| 2000s | 3.6% | -6.7% | 10.3% | Faroe Islands |
| 2010s | 7.0% | -8.8% | 15.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Faroe Islands or Ghana?
- Ghana, at 8.2% against 7.8% in Faroe Islands as of 2025.
- What is the difference in current account balance between Faroe Islands and Ghana?
- 0.4%, with Ghana ahead.
- How many years of comparable data are there for Faroe Islands and Ghana?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Ghana rank globally for current account balance?
- Faroe Islands ranks 25th and Ghana ranks 23rd of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.