Faroe Islands vs Malta: Current account balance
Current account balance over time
- Faroe Islands
- Malta
How they compare
Faroe Islands currently reports 7.8% against 7.1% in Malta, a difference of 0.7%.
That makes Faroe Islands's figure about 1.1 times Malta'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 Malta ranks 27th 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 | Malta | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.9% | -4.5% | 22.5% | Faroe Islands |
| 2000s | 3.6% | -4.3% | 7.9% | Faroe Islands |
| 2010s | 7.0% | -2.4% | 9.3% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Faroe Islands or Malta?
- Faroe Islands, at 7.8% against 7.1% in Malta as of 2011.
- What is the difference in current account balance between Faroe Islands and Malta?
- 0.7%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Malta?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Malta rank globally for current account balance?
- Faroe Islands ranks 25th and Malta ranks 27th 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.