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 0.0036 BoP, current US$ per US$ of GDP in 2011. ▲ Rising
Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.0036 BoP, current US$ per US$ of GDP for charges for the use of intellectual property, payments (bop, current) in 2011.
Compared with earlier readings it is up 10.0% on the previous year and up 36.0% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Faroe Islands peaked at 0.0039 BoP, current US$ per US$ of GDP in 2009 and was at its lowest, 0.0017 BoP, current US$ per US$ of GDP, in 2005.
That places Faroe Islands 59th out of 170 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Charges for the use of intellectual property, payments (BoP, current) in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0025 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.0025 BoP, current US$ per US$ of GDP | +0.4% |
| 2000 | 0.0025 BoP, current US$ per US$ of GDP | -2.8% |
| 2001 | 0.0027 BoP, current US$ per US$ of GDP | +7.6% |
| 2002 | 0.0023 BoP, current US$ per US$ of GDP | -11.9% |
| 2003 | 0.0021 BoP, current US$ per US$ of GDP | -10.6% |
| 2004 | 0.0025 BoP, current US$ per US$ of GDP | +17.3% |
| 2005 | 0.0017 BoP, current US$ per US$ of GDP | -29.0% |
| 2006 | 0.0018 BoP, current US$ per US$ of GDP | +4.9% |
| 2007 | 0.0037 BoP, current US$ per US$ of GDP | +102.0% |
| 2008 | 0.0038 BoP, current US$ per US$ of GDP | +3.8% |
| 2009 | 0.0039 BoP, current US$ per US$ of GDP | +1.7% |
| 2010 | 0.0033 BoP, current US$ per US$ of GDP | -15.7% |
| 2011 | 0.0036 BoP, current US$ per US$ of GDP | +10.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0036 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.0045 BoP, current US$ per US$ of GDP, 80% of the median. (65 countries reporting)
- Faroe Islands's 0.0036 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.0036 BoP, current US$ per US$ of GDP, 1.0× 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 | +102.0% | 0.0018 BoP, current US$ per US$ of GDP | 0.0037 BoP, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0025 BoP, current US$ per US$ of GDP | 0.0025 BoP, current US$ per US$ of GDP | 0.0025 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0027 BoP, current US$ per US$ of GDP | 0.0017 BoP, current US$ per US$ of GDP | 0.0039 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0035 BoP, current US$ per US$ of GDP | 0.0033 BoP, current US$ per US$ of GDP | 0.0036 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 56 Honduras 0.0038 BoP, current US$ per US$ of GDP compare
- 57 El Salvador 0.0037 BoP, current US$ per US$ of GDP compare
- 58 Georgia 0.0037 BoP, current US$ per US$ of GDP compare
- 60 Belarus 0.0036 BoP, current US$ per US$ of GDP compare
- 61 Finland 0.0035 BoP, current US$ per US$ of GDP compare
- 62 Romania 0.0034 BoP, current US$ per US$ of GDP 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 0.0036 BoP, current US$ per US$ of GDP 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 0.0039 BoP, current US$ per US$ of GDP in 2009.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Faroe Islands?
- The lowest recorded value was 0.0017 BoP, current US$ per US$ of GDP in 2005.
- How does Faroe Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Faroe Islands ranks 59th out of 170 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 36.0%. The long-run trend across the full record is rising.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.