Charges for the use of intellectual property, receipts (BoP, current) in Faroe Islands
Faroe Islands: Charges for the use of intellectual property, receipts (BoP, current) was 1.18 million BoP, current US$ in 2011. ◆ Volatile
Charges for the use of intellectual property, receipts (BoP, current) in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$.
Analysis
The most recent figure for charges for the use of intellectual property, receipts (bop, current) in Faroe Islands is 1.18 million BoP, current US$, measured in 2011.
Compared with earlier readings it is up 2.5% on the previous year and up 5,815.9% over ten years.
Over the whole period, charges for the use of intellectual property, receipts (bop, current) in Faroe Islands peaked at 1.41 million BoP, current US$ in 2009 and was at its lowest, 10,000 BoP, current US$, in 1998.
Faroe Islands ranks 110th of 154 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Charges for the use of intellectual property, receipts (BoP, current) in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 10,000 BoP, current US$ | — |
| 1999 | 10,000 BoP, current US$ | +0.0% |
| 2000 | 10,000 BoP, current US$ | +0.0% |
| 2001 | 20,000 BoP, current US$ | +100.0% |
| 2002 | 10,000 BoP, current US$ | -50.0% |
| 2003 | 20,000 BoP, current US$ | +100.0% |
| 2004 | 20,318 BoP, current US$ | +1.6% |
| 2005 | 240,460 BoP, current US$ | +1083.5% |
| 2006 | 343,460 BoP, current US$ | +42.8% |
| 2007 | 956,122 BoP, current US$ | +178.4% |
| 2008 | 120,436 BoP, current US$ | -87.4% |
| 2009 | 1.41 million BoP, current US$ | +1071.1% |
| 2010 | 1.15 million BoP, current US$ | -18.1% |
| 2011 | 1.18 million BoP, current US$ | +2.5% |
Biggest year-on-year movements
Years where Charges for the use of intellectual property, receipts (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 |
|---|---|---|---|
| 2005 | +1083.5% | 20,318 BoP, current US$ | 240,460 BoP, current US$ |
| 2009 | +1071.1% | 120,436 BoP, current US$ | 1.41 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10,000 BoP, current US$ | 10,000 BoP, current US$ | 10,000 BoP, current US$ | 2 |
| 2000s | 315,128 BoP, current US$ | 10,000 BoP, current US$ | 1.41 million BoP, current US$ | 10 |
| 2010s | 1.17 million BoP, current US$ | 1.15 million BoP, current US$ | 1.18 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 107 Seychelles 1.52 million BoP, current US$ compare
- 108 Algeria 1.37 million BoP, current US$ compare
- 109 Iraq 1.30 million BoP, current US$ compare
- 111 Bangladesh 1.18 million BoP, current US$ compare
- 112 Montenegro 1.09 million BoP, current US$ compare
- 113 Benin 1.05 million BoP, current US$ 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, receipts (bop, current) in Faroe Islands?
- Charges for the use of intellectual property, receipts (bop, current) in Faroe Islands was 1.18 million BoP, current US$ in 2011, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, receipts (bop, current) recorded in Faroe Islands?
- The highest recorded value was 1.41 million BoP, current US$ in 2009.
- What is the lowest charges for the use of intellectual property, receipts (bop, current) recorded in Faroe Islands?
- The lowest recorded value was 10,000 BoP, current US$ in 1998.
- How does Faroe Islands rank for charges for the use of intellectual property, receipts (bop, current)?
- Faroe Islands ranks 110th out of 154 countries with data for 2011.
- Is charges for the use of intellectual property, receipts (bop, current) rising or falling in Faroe Islands?
- Over the last ten years it is up 5,815.9%. 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, receipts (BoP, current US$), gaps filled. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, receipts (BoP, current US$) with 155 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
Computed from
- Charges for the use of intellectual property, receipts 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
Charges for the use of intellectual property, receipts (BoP, current US$) with 155 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.