Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands
Faroe Islands: Charges for the use of intellectual property, payments (BoP, current) was 18.25 % change on previous year in 2011. ◆ Volatile
Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Faroe Islands is 18.25 % change on previous year, measured in 2011.
That represents a change of up 226.5% on the previous year and up 7.1% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Faroe Islands peaked at 134.23 % change on previous year in 2007 and was at its lowest, -27.58 % change on previous year, in 2005.
Faroe Islands ranks 44th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 2.5 % change on previous year | — |
| 2000 | -8.01 % change on previous year | -420.6% |
| 2001 | 17.05 % change on previous year | -312.7% |
| 2002 | -3.24 % change on previous year | -119.0% |
| 2003 | 5.35 % change on previous year | -265.4% |
| 2004 | 34.74 % change on previous year | +549.1% |
| 2005 | -27.58 % change on previous year | -179.4% |
| 2006 | 20.23 % change on previous year | -173.4% |
| 2007 | 134.23 % change on previous year | +563.5% |
| 2008 | 10.48 % change on previous year | -92.2% |
| 2009 | -6.21 % change on previous year | -159.2% |
| 2010 | -14.42 % change on previous year | +132.3% |
| 2011 | 18.25 % change on previous year | -226.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 18.25 % change on previous year is above the median for high income countries, which is 10.44 % change on previous year, 1.7× the median. (64 countries reporting)
- Faroe Islands's 18.25 % change on previous year is above the median for Europe & Central Asia, which is 11.27 % change on previous year, 1.6× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5 % change on previous year | 2.5 % change on previous year | 2.5 % change on previous year | 1 |
| 2000s | 17.7 % change on previous year | -27.58 % change on previous year | 134.23 % change on previous year | 10 |
| 2010s | 1.91 % change on previous year | -14.42 % change on previous year | 18.25 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 41 Austria 19.05 % change on previous year compare
- 42 Botswana 18.9 % change on previous year compare
- 43 Israel 18.35 % change on previous year compare
- 45 Chile 17.32 % change on previous year compare
- 46 Tanzania 17.18 % change on previous year compare
- 47 Cyprus 17.15 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is charges for the use of intellectual property, payments (bop, current) in Faroe Islands?
- Charges for the use of intellectual property, payments (bop, current) in Faroe Islands was 18.25 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, payments (bop, current) recorded in Faroe Islands?
- The highest recorded value was 134.23 % change on previous year in 2007.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Faroe Islands?
- The lowest recorded value was -27.58 % change on previous year in 2005.
- How does Faroe Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Faroe Islands ranks 44th out of 167 countries with data for 2011.
- Is charges for the use of intellectual property, payments (bop, current) rising or falling in Faroe Islands?
- Over the last ten years it is up 7.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Charges for the use of intellectual property, payments (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Charges for the use of intellectual property, payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Charges for the use of intellectual property, payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.