Cape Verde vs Faroe Islands: Personal remittances, paid
Personal remittances, paid over time
- Cape Verde
- Faroe Islands
How they compare
Cape Verde currently reports 36.60 million current US$ against 34.40 million current US$ in Faroe Islands, a difference of 2.20 million current US$.
That makes Cape Verde's figure about 1.1 times Faroe Islands's.
The two have swapped places 2 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Cape Verde ranks 164th and Faroe Islands ranks 166th of 195 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Cape Verde | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 442,794 current US$ | 6.54 million current US$ | 6.09 million current US$ | Faroe Islands |
| 2000s | 6.01 million current US$ | 18.67 million current US$ | 12.66 million current US$ | Faroe Islands |
| 2010s | 8.29 million current US$ | 32.72 million current US$ | 24.42 million current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, paid, Cape Verde or Faroe Islands?
- Cape Verde, at 36.60 million current US$ against 34.40 million current US$ in Faroe Islands as of 2025.
- What is the difference in personal remittances, paid between Cape Verde and Faroe Islands?
- 2.20 million current US$, with Cape Verde ahead.
- How many years of comparable data are there for Cape Verde and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Cape Verde and Faroe Islands rank globally for personal remittances, paid?
- Cape Verde ranks 164th and Faroe Islands ranks 166th of 195 countries.
- Where does this data come from?
- IMF balance of payments data, International Monetary Fund (IMF), published as Personal remittances, paid (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.