Primary income payments (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Primary income payments (BoP, current US$), per capita was 2,409 BoP, current US$ per person in 2011. ▲ Rising
Primary income payments (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for primary income payments (bop, current us$), per capita in Faroe Islands is 2,409 BoP, current US$ per person, measured in 2011.
Compared with earlier readings it is down 7.4% on the previous year and up 47.9% over ten years.
Over the whole period, primary income payments (bop, current us$), per capita in Faroe Islands peaked at 3,965 BoP, current US$ per person in 2008 and was at its lowest, 797.84 BoP, current US$ per person, in 2004.
Faroe Islands ranks 38th of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Primary income payments (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 1,872 BoP, current US$ per person | — |
| 1999 | 1,742 BoP, current US$ per person | -6.9% |
| 2000 | 1,469 BoP, current US$ per person | -15.7% |
| 2001 | 1,629 BoP, current US$ per person | +10.9% |
| 2002 | 1,549 BoP, current US$ per person | -4.9% |
| 2003 | 1,588 BoP, current US$ per person | +2.5% |
| 2004 | 797.84 BoP, current US$ per person | -49.8% |
| 2005 | 1,527 BoP, current US$ per person | +91.4% |
| 2006 | 2,061 BoP, current US$ per person | +35.0% |
| 2007 | 2,803 BoP, current US$ per person | +36.0% |
| 2008 | 3,965 BoP, current US$ per person | +41.5% |
| 2009 | 3,424 BoP, current US$ per person | -13.7% |
| 2010 | 2,600 BoP, current US$ per person | -24.1% |
| 2011 | 2,409 BoP, current US$ per person | -7.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 2,409 BoP, current US$ per person is below the median for high income countries, which is 2,432 BoP, current US$ per person, 99% of the median. (72 countries reporting)
- Faroe Islands's 2,409 BoP, current US$ per person is above the median for Europe & Central Asia, which is 1,955 BoP, current US$ per person, 1.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,807 BoP, current US$ per person | 1,742 BoP, current US$ per person | 1,872 BoP, current US$ per person | 2 |
| 2000s | 2,081 BoP, current US$ per person | 797.84 BoP, current US$ per person | 3,965 BoP, current US$ per person | 10 |
| 2010s | 2,505 BoP, current US$ per person | 2,409 BoP, current US$ per person | 2,600 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 35 Spain 2,821 BoP, current US$ per person compare
- 36 Iceland 2,678 BoP, current US$ per person compare
- 37 Italy 2,455 BoP, current US$ per person compare
- 39 Portugal 2,345 BoP, current US$ per person compare
- 40 Bahamas 2,295 BoP, current US$ per person compare
- 41 Palau 2,270 BoP, 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 primary income payments (bop, current us$), per capita in Faroe Islands?
- Primary income payments (bop, current us$), per capita in Faroe Islands was 2,409 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest primary income payments (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 3,965 BoP, current US$ per person in 2008.
- What is the lowest primary income payments (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 797.84 BoP, current US$ per person in 2004.
- How does Faroe Islands rank for primary income payments (bop, current us$), per capita?
- Faroe Islands ranks 38th out of 200 countries with data for 2011.
- Is primary income payments (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 47.9%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Primary income payments (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Primary income payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Primary income payments (BoP, current US$) ÷ Population, total
Computed from
- Primary income payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Primary income payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.