Faroe Islands vs Palau: Secondary income, other sectors, payments
Secondary income, other sectors, payments over time
- Faroe Islands
- Palau
How they compare
Faroe Islands currently reports 24.20 million BoP, current US$ against 19.56 million BoP, current US$ in Palau, a difference of 4.64 million BoP, current US$.
That makes Faroe Islands's figure about 1.2 times Palau's.
Across all 7 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 180th and Palau ranks 183rd of 198 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 22.23 million BoP, current US$ | 14.16 million BoP, current US$ | 8.07 million BoP, current US$ | Faroe Islands |
| 2010s | 27.97 million BoP, current US$ | 13.00 million BoP, current US$ | 14.97 million BoP, current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher secondary income, other sectors, payments, Faroe Islands or Palau?
- Faroe Islands, at 24.20 million BoP, current US$ against 19.56 million BoP, current US$ in Palau as of 2011.
- What is the difference in secondary income, other sectors, payments between Faroe Islands and Palau?
- 4.64 million BoP, current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Palau?
- 7 years are reported by both, from 2005 to 2011.
- How do Faroe Islands and Palau rank globally for secondary income, other sectors, payments?
- Faroe Islands ranks 180th and Palau ranks 183rd of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Secondary income, other sectors, payments (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.