Faroe Islands vs Venezuela, Bolivarian Republic of: Net secondary income
Net secondary income over time
- Faroe Islands
- Venezuela, Bolivarian Republic of
How they compare
Faroe Islands currently reports 202.96 million BoP, current US$ against 174.00 million BoP, current US$ in Venezuela, Bolivarian Republic of, a difference of 28.95 million BoP, current US$.
That makes Faroe Islands's figure about 1.2 times Venezuela, Bolivarian Republic of's.
Across all 14 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 106th and Venezuela, Bolivarian Republic of ranks 109th of 199 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 164.53 million BoP, current US$ | -134.00 million BoP, current US$ | 298.54 million BoP, current US$ | Faroe Islands |
| 2000s | 140.92 million BoP, current US$ | -299.00 million BoP, current US$ | 439.92 million BoP, current US$ | Faroe Islands |
| 2010s | 174.51 million BoP, current US$ | -850.50 million BoP, current US$ | 1.03 billion BoP, current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net secondary income, Faroe Islands or Venezuela, Bolivarian Republic of?
- Faroe Islands, at 202.96 million BoP, current US$ against 174.00 million BoP, current US$ in Venezuela, Bolivarian Republic of as of 2011.
- What is the difference in net secondary income between Faroe Islands and Venezuela, Bolivarian Republic of?
- 28.95 million BoP, current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Venezuela, Bolivarian Republic of?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Venezuela, Bolivarian Republic of rank globally for net secondary income?
- Faroe Islands ranks 106th and Venezuela, Bolivarian Republic of ranks 109th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net secondary income (BoP, current US$). 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.