Primary income payments (BoP, current US$), annual growth rate in Faroe Islands
Faroe Islands: Primary income payments (BoP, current US$), annual growth rate was -7.57 % change on previous year in 2011. ◆ Volatile
Primary income payments (BoP, current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded -7.57 % change on previous year for primary income payments (bop, current us$), annual growth rate in 2011.
Compared with earlier readings it is up 68.8% on the previous year and down 158.2% over ten years.
Over the whole period, primary income payments (bop, current us$), annual growth rate in Faroe Islands peaked at 91.3 % change on previous year in 2005 and was at its lowest, -49.39 % change on previous year, in 2004.
That places Faroe Islands 162nd out of 198 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments (BoP, current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -5.92 % change on previous year | — |
| 2000 | -14.53 % change on previous year | +145.4% |
| 2001 | 13 % change on previous year | -189.5% |
| 2002 | -3.5 % change on previous year | -126.9% |
| 2003 | 4.05 % change on previous year | -215.7% |
| 2004 | -49.39 % change on previous year | -1319.2% |
| 2005 | 91.3 % change on previous year | -284.8% |
| 2006 | 34.91 % change on previous year | -61.8% |
| 2007 | 36.11 % change on previous year | +3.4% |
| 2008 | 41.96 % change on previous year | +16.2% |
| 2009 | -13.22 % change on previous year | -131.5% |
| 2010 | -24.26 % change on previous year | +83.5% |
| 2011 | -7.57 % change on previous year | -68.8% |
Faroe Islands compared with similar countries
- Faroe Islands's -7.57 % change on previous year is below the median for high income countries, which is 2.88 % change on previous year. (71 countries reporting)
- Faroe Islands's -7.57 % change on previous year is below the median for Europe & Central Asia, which is 1.27 % change on previous year. (51 countries reporting)
Biggest year-on-year movements
Years where Primary income payments (BoP, current US$), annual growth rate in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -1319.2% | 4.05 % change on previous year | -49.39 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.92 % change on previous year | -5.92 % change on previous year | -5.92 % change on previous year | 1 |
| 2000s | 14.07 % change on previous year | -49.39 % change on previous year | 91.3 % change on previous year | 10 |
| 2010s | -15.92 % change on previous year | -24.26 % change on previous year | -7.57 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 159 Pakistan -7.1 % change on previous year compare
- 160 Ethiopia -7.2 % change on previous year compare
- 161 Slovenia -7.28 % change on previous year compare
- 163 Uganda -7.73 % change on previous year compare
- 164 Hungary -7.96 % change on previous year compare
- 165 Azerbaijan -8.26 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), 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 primary income payments (bop, current us$), annual growth rate in Faroe Islands?
- Primary income payments (bop, current us$), annual growth rate in Faroe Islands was -7.57 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest primary income payments (bop, current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 91.3 % change on previous year in 2005.
- What is the lowest primary income payments (bop, current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -49.39 % change on previous year in 2004.
- How does Faroe Islands rank for primary income payments (bop, current us$), annual growth rate?
- Faroe Islands ranks 162nd out of 198 countries with data for 2011.
- Is primary income payments (bop, current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 158.2%. 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 Primary income payments (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Primary income payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Primary income payments 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
The year-on-year percentage change in Primary income payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.