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 186.99 BoP, current US$ per person in 2011. ◆ Volatile
Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Faroe Islands is 186.99 BoP, current US$ per person, measured in 2011.
Compared with earlier readings it is up 18.5% on the previous year and up 182.2% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Faroe Islands peaked at 196.98 BoP, current US$ per person in 2008 and was at its lowest, 57.7 BoP, current US$ per person, in 2000.
That places Faroe Islands 28th out of 171 countries with data for 2011, putting it in the top quarter.
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 | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 62.68 BoP, current US$ per person | — |
| 1999 | 63.57 BoP, current US$ per person | +1.4% |
| 2000 | 57.7 BoP, current US$ per person | -9.2% |
| 2001 | 66.26 BoP, current US$ per person | +14.8% |
| 2002 | 63.17 BoP, current US$ per person | -4.7% |
| 2003 | 65.58 BoP, current US$ per person | +3.8% |
| 2004 | 87.72 BoP, current US$ per person | +33.8% |
| 2005 | 63.56 BoP, current US$ per person | -27.5% |
| 2006 | 76.45 BoP, current US$ per person | +20.3% |
| 2007 | 178.91 BoP, current US$ per person | +134.0% |
| 2008 | 196.98 BoP, current US$ per person | +10.1% |
| 2009 | 183.84 BoP, current US$ per person | -6.7% |
| 2010 | 157.76 BoP, current US$ per person | -14.2% |
| 2011 | 186.99 BoP, current US$ per person | +18.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 186.99 BoP, current US$ per person is above the median for high income countries, which is 164.1 BoP, current US$ per person, 1.1× the median. (65 countries reporting)
- Faroe Islands's 186.99 BoP, current US$ per person is above the median for Europe & Central Asia, which is 129.74 BoP, current US$ per person, 1.4× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +134.0% | 76.45 BoP, current US$ per person | 178.91 BoP, current US$ per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 63.12 BoP, current US$ per person | 62.68 BoP, current US$ per person | 63.57 BoP, current US$ per person | 2 |
| 2000s | 104.02 BoP, current US$ per person | 57.7 BoP, current US$ per person | 196.98 BoP, current US$ per person | 10 |
| 2010s | 172.37 BoP, current US$ per person | 157.76 BoP, current US$ per person | 186.99 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 25 New Zealand 210.45 BoP, current US$ per person compare
- 26 Finland 196.79 BoP, current US$ per person compare
- 27 Iceland 193.03 BoP, current US$ per person
- 29 Maldives 186.11 BoP, current US$ per person compare
- 30 Hungary 181.62 BoP, current US$ per person compare
- 31 Spain 179.95 BoP, current US$ per person compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (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 186.99 BoP, current US$ per person 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 196.98 BoP, current US$ per person in 2008.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Faroe Islands?
- The lowest recorded value was 57.7 BoP, current US$ per person in 2000.
- How does Faroe Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Faroe Islands ranks 28th out of 171 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 182.2%. 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$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ Population, total
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.