Faroe Islands vs Montenegro: Net secondary income (Net current transfers from abroad)
Net secondary income (Net current transfers from abroad) over time
- Faroe Islands
- Montenegro
How they compare
Faroe Islands currently reports 485.60 million current LCU against 407.70 million current LCU in Montenegro, a difference of 77.90 million current LCU.
That makes Faroe Islands's figure about 1.2 times Montenegro's.
Across all 25 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 124th and Montenegro ranks 126th of 203 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Montenegro | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 890.50 million current LCU | 85.30 million current LCU | 805.20 million current LCU | Faroe Islands |
| 2010s | 900.21 million current LCU | 223.23 million current LCU | 676.98 million current LCU | Faroe Islands |
| 2020s | 735.92 million current LCU | 409.43 million current LCU | 326.49 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net secondary income (net current transfers from abroad), Faroe Islands or Montenegro?
- Faroe Islands, at 485.60 million current LCU against 407.70 million current LCU in Montenegro as of 2024.
- What is the difference in net secondary income (net current transfers from abroad) between Faroe Islands and Montenegro?
- 77.90 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Montenegro?
- 25 years are reported by both, from 2000 to 2024.
- How do Faroe Islands and Montenegro rank globally for net secondary income (net current transfers from abroad)?
- Faroe Islands ranks 124th and Montenegro ranks 126th of 203 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Net secondary income (Net current transfers from abroad) (current LCU). 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 series is expressed in local currency units.