Benin vs Faroe Islands: Net secondary income
Net secondary income over time
- Benin
- Faroe Islands
How they compare
Benin currently reports 258.86 million BoP, current US$ against 202.96 million BoP, current US$ in Faroe Islands, a difference of 55.90 million BoP, current US$.
That makes Benin's figure about 1.3 times Faroe Islands's.
The two have swapped places 4 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Benin ranks 104th and Faroe Islands ranks 106th of 199 countries.
Across the 3 decades both report, Benin averaged higher in 1 and Faroe Islands in 2.
Head to head by decade
| Decade | Benin | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 98.17 million BoP, current US$ | 164.53 million BoP, current US$ | 66.37 million BoP, current US$ | Faroe Islands |
| 2000s | 170.33 million BoP, current US$ | 140.92 million BoP, current US$ | 29.42 million BoP, current US$ | Benin |
| 2010s | 148.48 million BoP, current US$ | 174.51 million BoP, current US$ | 26.02 million BoP, current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net secondary income, Benin or Faroe Islands?
- Benin, at 258.86 million BoP, current US$ against 202.96 million BoP, current US$ in Faroe Islands as of 2023.
- What is the difference in net secondary income between Benin and Faroe Islands?
- 55.90 million BoP, current US$, with Benin ahead.
- How many years of comparable data are there for Benin and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Benin and Faroe Islands rank globally for net secondary income?
- Benin ranks 104th and Faroe Islands ranks 106th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net secondary income (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.