Personal remittances, paid (current US$), per square kilometre in Faroe Islands
Faroe Islands: Personal remittances, paid (current US$), per square kilometre was 24,645 current US$ per square kilometre in 2011. ◆ Volatile
Personal remittances, paid (current US$), per square kilometre in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for personal remittances, paid (current us$), per square kilometre in Faroe Islands is 24,645 current US$ per square kilometre, measured in 2011.
That represents a change of up 10.9% on the previous year and up 156.6% over ten years.
Over the whole period, personal remittances, paid (current us$), per square kilometre in Faroe Islands peaked at 29,382 current US$ per square kilometre in 2008 and was at its lowest, 3,660 current US$ per square kilometre, in 2003.
Faroe Islands ranks 53rd of 194 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.
Personal remittances, paid (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 4,957 current US$ per square kilometre | — |
| 1999 | 4,405 current US$ per square kilometre | -11.1% |
| 2000 | 4,112 current US$ per square kilometre | -6.7% |
| 2001 | 9,606 current US$ per square kilometre | +133.6% |
| 2002 | 6,905 current US$ per square kilometre | -28.1% |
| 2003 | 3,660 current US$ per square kilometre | -47.0% |
| 2004 | 3,821 current US$ per square kilometre | +4.4% |
| 2005 | 13,134 current US$ per square kilometre | +243.7% |
| 2006 | 16,775 current US$ per square kilometre | +27.7% |
| 2007 | 23,905 current US$ per square kilometre | +42.5% |
| 2008 | 29,382 current US$ per square kilometre | +22.9% |
| 2009 | 22,466 current US$ per square kilometre | -23.5% |
| 2010 | 22,227 current US$ per square kilometre | -1.1% |
| 2011 | 24,645 current US$ per square kilometre | +10.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 24,645 current US$ per square kilometre is below the median for high income countries, which is 37,536 current US$ per square kilometre, 66% of the median. (71 countries reporting)
- Faroe Islands's 24,645 current US$ per square kilometre is above the median for Europe & Central Asia, which is 10,973 current US$ per square kilometre, 2.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid (current US$), per square kilometre in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +243.7% | 3,821 current US$ per square kilometre | 13,134 current US$ per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4,681 current US$ per square kilometre | 4,405 current US$ per square kilometre | 4,957 current US$ per square kilometre | 2 |
| 2000s | 13,377 current US$ per square kilometre | 3,660 current US$ per square kilometre | 29,382 current US$ per square kilometre | 10 |
| 2010s | 23,436 current US$ per square kilometre | 22,227 current US$ per square kilometre | 24,645 current US$ per square kilometre | 2 |
Countries ranked near Faroe Islands
- 50 Trinidad and Tobago 28,969 current US$ per square kilometre compare
- 51 Slovenia 26,030 current US$ per square kilometre compare
- 52 Micronesia, Federated States of 24,758 current US$ per square kilometre
- 54 Haiti 24,573 current US$ per square kilometre compare
- 55 Greece 23,143 current US$ per square kilometre compare
- 56 Croatia 23,060 current US$ per square kilometre 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$), per square kilometre in Faroe Islands?
- Personal remittances, paid (current us$), per square kilometre in Faroe Islands was 24,645 current US$ per square kilometre in 2011, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 29,382 current US$ per square kilometre in 2008.
- What is the lowest personal remittances, paid (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 3,660 current US$ per square kilometre in 2003.
- How does Faroe Islands rank for personal remittances, paid (current us$), per square kilometre?
- Faroe Islands ranks 53rd out of 194 countries with data for 2011.
- Is personal remittances, paid (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 156.6%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Personal remittances, paid (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ Land area (sq. km)
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.