Faroe Islands vs Solomon Islands: Personal remittances, received
Personal remittances, received over time
- Faroe Islands
- Solomon Islands
How they compare
Faroe Islands currently reports 6.3% against 6.0% in Solomon Islands, a difference of 0.3%.
That makes Faroe Islands's figure about 1.1 times Solomon Islands's.
Across all 13 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 55th and Solomon Islands ranks 57th 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 | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.4% | 0.5% | 4.0% | Faroe Islands |
| 2000s | 4.1% | 1.3% | 2.8% | Faroe Islands |
| 2010s | 6.3% | 1.6% | 4.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, received, Faroe Islands or Solomon Islands?
- Faroe Islands, at 6.3% against 6.0% in Solomon Islands as of 2011.
- What is the difference in personal remittances, received between Faroe Islands and Solomon Islands?
- 0.3%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Solomon Islands?
- 13 years are reported by both, from 1999 to 2011.
- How do Faroe Islands and Solomon Islands rank globally for personal remittances, received?
- Faroe Islands ranks 55th and Solomon Islands ranks 57th 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.