Faroe Islands vs Netherlands: Current account balance
Current account balance over time
- Faroe Islands
- Netherlands
How they compare
Netherlands currently reports 9.1% against 7.8% in Faroe Islands, a difference of 1.3%.
That makes Netherlands's figure about 1.2 times Faroe Islands's.
The two have swapped places 4 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 25th and Netherlands ranks 22nd of 200 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and Netherlands in 1.
Head to head by decade
| Decade | Faroe Islands | Netherlands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.9% | 3.2% | 14.7% | Faroe Islands |
| 2000s | 3.6% | 4.5% | 0.9% | Netherlands |
| 2010s | 7.0% | 6.7% | 0.3% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Faroe Islands or Netherlands?
- Netherlands, at 9.1% against 7.8% in Faroe Islands as of 2024.
- What is the difference in current account balance between Faroe Islands and Netherlands?
- 1.3%, with Netherlands ahead.
- How many years of comparable data are there for Faroe Islands and Netherlands?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Netherlands rank globally for current account balance?
- Faroe Islands ranks 25th and Netherlands ranks 22nd 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.