Faroe Islands vs Malawi: Personal remittances, received
Personal remittances, received over time
- Faroe Islands
- Malawi
How they compare
Malawi currently reports 186.77 million current US$ against 158.41 million current US$ in Faroe Islands, a difference of 28.36 million current US$.
That makes Malawi's figure about 1.2 times Faroe Islands's.
Across all 14 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 150th and Malawi ranks 147th of 196 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Malawi | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 49.26 million current US$ | 746,886 current US$ | 48.51 million current US$ | Faroe Islands |
| 2000s | 76.92 million current US$ | 12.62 million current US$ | 64.29 million current US$ | Faroe Islands |
| 2010s | 152.40 million current US$ | 23.54 million current US$ | 128.86 million current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, received, Faroe Islands or Malawi?
- Malawi, at 186.77 million current US$ against 158.41 million current US$ in Faroe Islands as of 2024.
- What is the difference in personal remittances, received between Faroe Islands and Malawi?
- 28.36 million current US$, with Malawi ahead.
- How many years of comparable data are there for Faroe Islands and Malawi?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Malawi rank globally for personal remittances, received?
- Faroe Islands ranks 150th and Malawi ranks 147th of 196 countries.
- Where does this data come from?
- IMF balance of payments data, International Monetary Fund (IMF), published as Personal remittances, received (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.