Personal remittances, paid (current US$), per capita in Faroe Islands
Faroe Islands: Personal remittances, paid (current US$), per capita was 708.75 current US$ per person in 2011. ◆ Volatile
Personal remittances, paid (current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2011, personal remittances, paid (current us$), per capita in Faroe Islands stood at 708.75 current US$ per person.
That represents a change of up 11.1% on the previous year and up 146.5% over ten years.
Over the whole period, personal remittances, paid (current us$), per capita in Faroe Islands peaked at 844.91 current US$ per person in 2008 and was at its lowest, 106.39 current US$ per person, in 2003.
That places Faroe Islands 30th out of 196 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.
Personal remittances, paid (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 154.9 current US$ per person | — |
| 1999 | 136.22 current US$ per person | -12.1% |
| 2000 | 125.45 current US$ per person | -7.9% |
| 2001 | 287.55 current US$ per person | +129.2% |
| 2002 | 203.66 current US$ per person | -29.2% |
| 2003 | 106.39 current US$ per person | -47.8% |
| 2004 | 110.25 current US$ per person | +3.6% |
| 2005 | 379.15 current US$ per person | +243.9% |
| 2006 | 484.49 current US$ per person | +27.8% |
| 2007 | 689.8 current US$ per person | +42.4% |
| 2008 | 844.91 current US$ per person | +22.5% |
| 2009 | 642.82 current US$ per person | -23.9% |
| 2010 | 637.72 current US$ per person | -0.8% |
| 2011 | 708.75 current US$ per person | +11.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 708.75 current US$ per person is above the median for high income countries, which is 396.53 current US$ per person, 1.8× the median. (71 countries reporting)
- Faroe Islands's 708.75 current US$ per person is above the median for Europe & Central Asia, which is 224.18 current US$ per person, 3.2× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid (current US$), per capita in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +243.9% | 110.25 current US$ per person | 379.15 current US$ per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 145.56 current US$ per person | 136.22 current US$ per person | 154.9 current US$ per person | 2 |
| 2000s | 387.45 current US$ per person | 106.39 current US$ per person | 844.91 current US$ per person | 10 |
| 2010s | 673.24 current US$ per person | 637.72 current US$ per person | 708.75 current US$ per person | 2 |
Countries ranked near Faroe Islands
- 27 Mauritius 900.78 current US$ per person compare
- 28 Denmark 810.78 current US$ per person compare
- 29 Bahamas 799.74 current US$ per person compare
- 31 Libya 659.68 current US$ per person compare
- 32 Australia 574.33 current US$ per person compare
- 33 Saint Kitts and Nevis 573.2 current US$ per person compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is personal remittances, paid (current us$), per capita in Faroe Islands?
- Personal remittances, paid (current us$), per capita in Faroe Islands was 708.75 current US$ per person in 2011, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 844.91 current US$ per person in 2008.
- What is the lowest personal remittances, paid (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 106.39 current US$ per person in 2003.
- How does Faroe Islands rank for personal remittances, paid (current us$), per capita?
- Faroe Islands ranks 30th out of 196 countries with data for 2011.
- Is personal remittances, paid (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 146.5%. 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 Personal remittances, paid (current US$), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Personal remittances, paid (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ Population, total
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.