Faroe Islands vs Papua New Guinea: Net secondary income
Net secondary income over time
- Faroe Islands
- Papua New Guinea
How they compare
Papua New Guinea currently reports 276.26 million BoP, current US$ against 202.96 million BoP, current US$ in Faroe Islands, a difference of 73.31 million BoP, current US$.
That makes Papua New Guinea's figure about 1.4 times Faroe Islands's.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 107th and Papua New Guinea ranks 104th of 200 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Papua New Guinea in 2.
Head to head by decade
| Decade | Faroe Islands | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 164.53 million BoP, current US$ | 51.87 million BoP, current US$ | 112.67 million BoP, current US$ | Faroe Islands |
| 2000s | 140.92 million BoP, current US$ | 172.73 million BoP, current US$ | 31.81 million BoP, current US$ | Papua New Guinea |
| 2010s | 174.51 million BoP, current US$ | 214.88 million BoP, current US$ | 40.38 million BoP, current US$ | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net secondary income, Faroe Islands or Papua New Guinea?
- Papua New Guinea, at 276.26 million BoP, current US$ against 202.96 million BoP, current US$ in Faroe Islands as of 2024.
- What is the difference in net secondary income between Faroe Islands and Papua New Guinea?
- 73.31 million BoP, current US$, with Papua New Guinea ahead.
- How many years of comparable data are there for Faroe Islands and Papua New Guinea?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Papua New Guinea rank globally for net secondary income?
- Faroe Islands ranks 107th and Papua New Guinea ranks 104th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net secondary income (BoP, current US$). 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.