Net primary income (Net income from abroad) (current LCU) … annual in Faroe Islands
Faroe Islands: Net primary income (Net income from abroad) (current LCU) … annual was 143.63 % change on previous year in 2024. ◆ Volatile
Net primary income (Net income from abroad) (current LCU), annual in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for net primary income (net income from abroad) (current lcu), annual in Faroe Islands is 143.63 % change on previous year, measured in 2024.
The figure is up 307.2% on the previous year and up 601.8% over ten years.
Over the whole period, net primary income (net income from abroad) (current lcu), annual in Faroe Islands peaked at 326.81 % change on previous year in 2011 and was at its lowest, -453.37 % change on previous year, in 2009.
That places Faroe Islands 8th out of 206 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) (current LCU) … annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 30.11 % change on previous year | — |
| 2000 | 10.88 % change on previous year | -63.9% |
| 2001 | -23.01 % change on previous year | -311.4% |
| 2002 | 23.97 % change on previous year | -204.2% |
| 2003 | 14.53 % change on previous year | -39.4% |
| 2004 | 8.95 % change on previous year | -38.4% |
| 2005 | -7.43 % change on previous year | -183.0% |
| 2006 | 9.78 % change on previous year | -231.6% |
| 2007 | -6.54 % change on previous year | -166.9% |
| 2008 | -78.99 % change on previous year | +1108.0% |
| 2009 | -453.37 % change on previous year | +474.0% |
| 2010 | 161.16 % change on previous year | -135.5% |
| 2011 | 326.81 % change on previous year | +102.8% |
| 2012 | 0.7163 % change on previous year | -99.8% |
| 2013 | 12.81 % change on previous year | +1689.1% |
| 2014 | -28.62 % change on previous year | -323.4% |
| 2015 | -20.4 % change on previous year | -28.7% |
| 2016 | 47.45 % change on previous year | -332.6% |
| 2017 | -4.3 % change on previous year | -109.1% |
| 2018 | -13.11 % change on previous year | +205.0% |
| 2019 | 8.61 % change on previous year | -165.7% |
| 2020 | -17.53 % change on previous year | -303.5% |
| 2021 | 55.32 % change on previous year | -415.7% |
| 2022 | -20.94 % change on previous year | -137.8% |
| 2023 | -69.33 % change on previous year | +231.2% |
| 2024 | 143.63 % change on previous year | -307.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 143.63 % change on previous year is above the median for high income countries, which is 5.52 % change on previous year, 26.0× the median. (77 countries reporting)
- Faroe Islands's 143.63 % change on previous year is above the median for Europe & Central Asia, which is 4.65 % change on previous year, 30.9× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.11 % change on previous year | 30.11 % change on previous year | 30.11 % change on previous year | 1 |
| 2000s | -50.12 % change on previous year | -453.37 % change on previous year | 23.97 % change on previous year | 10 |
| 2010s | 49.11 % change on previous year | -28.62 % change on previous year | 326.81 % change on previous year | 10 |
| 2020s | 18.23 % change on previous year | -69.33 % change on previous year | 143.63 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 5 Palau 269.18 % change on previous year compare
- 6 Turkmenistan 208.17 % change on previous year compare
- 7 Italy 154.2 % change on previous year compare
- 9 Bosnia and Herzegovina 100.3 % change on previous year compare
- 10 Samoa 86.3 % change on previous year compare
- 11 Haiti 78.34 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is net primary income (net income from abroad) (current lcu), annual in Faroe Islands?
- Net primary income (net income from abroad) (current lcu), annual in Faroe Islands was 143.63 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net primary income (net income from abroad) (current lcu), annual recorded in Faroe Islands?
- The highest recorded value was 326.81 % change on previous year in 2011.
- What is the lowest net primary income (net income from abroad) (current lcu), annual recorded in Faroe Islands?
- The lowest recorded value was -453.37 % change on previous year in 2009.
- How does Faroe Islands rank for net primary income (net income from abroad) (current lcu), annual?
- Faroe Islands ranks 8th out of 206 countries with data for 2024.
- Is net primary income (net income from abroad) (current lcu), annual rising or falling in Faroe Islands?
- Over the last ten years it is up 601.8%. 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 Net primary income (Net income from abroad) (current LCU), 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 Net primary income (Net income from abroad) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net primary income (Net income from abroad) Country official statistics, National Statistical Offices (NSOs)
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 Net primary income (Net income from abroad) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.