Charges for the use of intellectual property, payments in Faroe Islands
Faroe Islands: Charges for the use of intellectual property, payments was 9.08 million BoP, current US$ in 2011. ◆ Volatile
Charges for the use of intellectual property, payments in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Faroe Islands recorded 9.08 million BoP, current US$ for charges for the use of intellectual property, payments in 2011.
Compared with earlier readings it is up 18.2% on the previous year and up 193.7% over ten years.
Over the whole period, charges for the use of intellectual property, payments in Faroe Islands peaked at 9.56 million BoP, current US$ in 2008 and was at its lowest, 2.64 million BoP, current US$, in 2000.
That places Faroe Islands 125th out of 171 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Charges for the use of intellectual property, payments in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 2.80 million BoP, current US$ | — |
| 1999 | 2.87 million BoP, current US$ | +2.5% |
| 2000 | 2.64 million BoP, current US$ | -8.0% |
| 2001 | 3.09 million BoP, current US$ | +17.0% |
| 2002 | 2.99 million BoP, current US$ | -3.2% |
| 2003 | 3.15 million BoP, current US$ | +5.4% |
| 2004 | 4.24 million BoP, current US$ | +34.7% |
| 2005 | 3.07 million BoP, current US$ | -27.6% |
| 2006 | 3.70 million BoP, current US$ | +20.2% |
| 2007 | 8.66 million BoP, current US$ | +134.2% |
| 2008 | 9.56 million BoP, current US$ | +10.5% |
| 2009 | 8.97 million BoP, current US$ | -6.2% |
| 2010 | 7.68 million BoP, current US$ | -14.4% |
| 2011 | 9.08 million BoP, current US$ | +18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.83 million BoP, current US$ | 2.80 million BoP, current US$ | 2.87 million BoP, current US$ | 2 |
| 2000s | 5.01 million BoP, current US$ | 2.64 million BoP, current US$ | 9.56 million BoP, current US$ | 10 |
| 2010s | 8.38 million BoP, current US$ | 7.68 million BoP, current US$ | 9.08 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 122 Lebanon 10.81 million BoP, current US$ compare
- 123 Congo, Democratic Republic of the 10.74 million BoP, current US$ compare
- 124 Andorra 10.63 million BoP, current US$
- 126 Dominica 8.26 million BoP, current US$ compare
- 127 Mauritius 8.17 million BoP, current US$ compare
- 128 Sierra Leone 7.73 million BoP, current US$ compare
More economy & growth data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.08 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is charges for the use of intellectual property, payments in Faroe Islands?
- Charges for the use of intellectual property, payments in Faroe Islands was 9.08 million BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest charges for the use of intellectual property, payments recorded in Faroe Islands?
- The highest recorded value was 9.56 million BoP, current US$ in 2008.
- What is the lowest charges for the use of intellectual property, payments recorded in Faroe Islands?
- The lowest recorded value was 2.64 million BoP, current US$ in 2000.
- How does Faroe Islands rank for charges for the use of intellectual property, payments?
- Faroe Islands ranks 125th out of 171 countries with data for 2011.
- Is charges for the use of intellectual property, payments rising or falling in Faroe Islands?
- Over the last ten years it is up 193.7%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Charges for the use of intellectual property, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). 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.