Ecuador vs Faroe Islands: Personal remittances, received
Personal remittances, received over time
- Ecuador
- Faroe Islands
How they compare
Faroe Islands currently reports 6.3% against 5.9% in Ecuador, a difference of 0.4%.
That makes Faroe Islands's figure about 1.1 times Ecuador's.
The two have swapped places 2 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Ecuador ranks 58th and Faroe Islands ranks 55th of 196 countries.
Across the 3 decades both report, Ecuador averaged higher in 1 and Faroe Islands in 2.
Head to head by decade
| Decade | Ecuador | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.2% | 4.4% | 0.2% | Faroe Islands |
| 2000s | 5.8% | 4.1% | 1.7% | Ecuador |
| 2010s | 3.6% | 6.3% | 2.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, received, Ecuador or Faroe Islands?
- Faroe Islands, at 6.3% against 5.9% in Ecuador as of 2011.
- What is the difference in personal remittances, received between Ecuador and Faroe Islands?
- 0.4%, with Faroe Islands ahead.
- How many years of comparable data are there for Ecuador and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Ecuador and Faroe Islands rank globally for personal remittances, received?
- Ecuador ranks 58th and Faroe Islands ranks 55th of 196 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Personal remittances, received (% of GDP). 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.