Personal remittances, received (current US$), per square kilometre in Faroe Islands
Faroe Islands: Personal remittances, received (current US$), per square kilometre was 113,476 current US$ per square kilometre in 2011. ◆ Volatile
Personal remittances, received (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, received (current us$), per square kilometre in Faroe Islands is 113,476 current US$ per square kilometre, measured in 2011. That is the highest value across all 14 years on record.
The figure is up 8.2% on the previous year and up 305.8% over ten years.
Over the whole period, personal remittances, received (current us$), per square kilometre in Faroe Islands peaked at 113,476 current US$ per square kilometre in 2011 and was at its lowest, 27,966 current US$ per square kilometre, in 2001.
Faroe Islands ranks 30th of 194 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 34,728 current US$ per square kilometre | — |
| 1999 | 35,845 current US$ per square kilometre | +3.2% |
| 2000 | 30,781 current US$ per square kilometre | -14.1% |
| 2001 | 27,966 current US$ per square kilometre | -9.1% |
| 2002 | 28,474 current US$ per square kilometre | +1.8% |
| 2003 | 31,791 current US$ per square kilometre | +11.6% |
| 2004 | 35,256 current US$ per square kilometre | +10.9% |
| 2005 | 57,509 current US$ per square kilometre | +63.1% |
| 2006 | 63,793 current US$ per square kilometre | +10.9% |
| 2007 | 78,208 current US$ per square kilometre | +22.6% |
| 2008 | 97,830 current US$ per square kilometre | +25.1% |
| 2009 | 99,385 current US$ per square kilometre | +1.6% |
| 2010 | 104,866 current US$ per square kilometre | +5.5% |
| 2011 | 113,476 current US$ per square kilometre | +8.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 113,476 current US$ per square kilometre is above the median for high income countries, which is 39,487 current US$ per square kilometre, 2.9× the median. (68 countries reporting)
- Faroe Islands's 113,476 current US$ per square kilometre is above the median for Europe & Central Asia, which is 38,770 current US$ per square kilometre, 2.9× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35,287 current US$ per square kilometre | 34,728 current US$ per square kilometre | 35,845 current US$ per square kilometre | 2 |
| 2000s | 55,099 current US$ per square kilometre | 27,966 current US$ per square kilometre | 99,385 current US$ per square kilometre | 10 |
| 2010s | 109,171 current US$ per square kilometre | 104,866 current US$ per square kilometre | 113,476 current US$ per square kilometre | 2 |
Countries ranked near Faroe Islands
- 27 Netherlands 126,908 current US$ per square kilometre compare
- 28 Qatar 125,073 current US$ per square kilometre
- 29 Grenada 119,701 current US$ per square kilometre compare
- 31 Croatia 108,577 current US$ per square kilometre compare
- 32 Saint Lucia 103,752 current US$ per square kilometre compare
- 33 Andorra 102,713 current US$ per square kilometre
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, received (current us$), per square kilometre in Faroe Islands?
- Personal remittances, received (current us$), per square kilometre in Faroe Islands was 113,476 current US$ per square kilometre in 2011, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 113,476 current US$ per square kilometre in 2011.
- What is the lowest personal remittances, received (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 27,966 current US$ per square kilometre in 2001.
- How does Faroe Islands rank for personal remittances, received (current us$), per square kilometre?
- Faroe Islands ranks 30th out of 194 countries with data for 2011.
- Is personal remittances, received (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 305.8%. 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 Personal remittances, received (current US$), per square kilometre. Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Personal remittances, received (current US$) 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, received (current US$) ÷ Land area (sq. km)
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) 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.