Primary income payments (BoP, current US$), per square kilometre in Faroe Islands
Faroe Islands: Primary income payments (BoP, current US$), per square kilometre was 83,766 BoP, current US$ per square kilometre in 2011. ▲ Rising
Primary income payments (BoP, current US$), per square kilometre in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per square kilometre.
Analysis
The most recent figure for primary income payments (bop, current us$), per square kilometre in Faroe Islands is 83,766 BoP, current US$ per square kilometre, measured in 2011.
The figure is down 7.6% on the previous year and up 53.9% over ten years.
Over the whole period, primary income payments (bop, current us$), per square kilometre in Faroe Islands peaked at 137,893 BoP, current US$ per square kilometre in 2008 and was at its lowest, 27,652 BoP, current US$ per square kilometre, in 2004.
Faroe Islands ranks 67th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Primary income payments (BoP, current US$), per square kilometre in Faroe Islands, year by year
| Year | BoP, current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 59,893 BoP, current US$ per square kilometre | — |
| 1999 | 56,347 BoP, current US$ per square kilometre | -5.9% |
| 2000 | 48,159 BoP, current US$ per square kilometre | -14.5% |
| 2001 | 54,420 BoP, current US$ per square kilometre | +13.0% |
| 2002 | 52,514 BoP, current US$ per square kilometre | -3.5% |
| 2003 | 54,642 BoP, current US$ per square kilometre | +4.1% |
| 2004 | 27,652 BoP, current US$ per square kilometre | -49.4% |
| 2005 | 52,898 BoP, current US$ per square kilometre | +91.3% |
| 2006 | 71,364 BoP, current US$ per square kilometre | +34.9% |
| 2007 | 97,134 BoP, current US$ per square kilometre | +36.1% |
| 2008 | 137,893 BoP, current US$ per square kilometre | +42.0% |
| 2009 | 119,662 BoP, current US$ per square kilometre | -13.2% |
| 2010 | 90,628 BoP, current US$ per square kilometre | -24.3% |
| 2011 | 83,766 BoP, current US$ per square kilometre | -7.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 83,766 BoP, current US$ per square kilometre is below the median for high income countries, which is 245,533 BoP, current US$ per square kilometre, 34% of the median. (72 countries reporting)
- Faroe Islands's 83,766 BoP, current US$ per square kilometre is below the median for Europe & Central Asia, which is 103,858 BoP, current US$ per square kilometre, 81% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 58,120 BoP, current US$ per square kilometre | 56,347 BoP, current US$ per square kilometre | 59,893 BoP, current US$ per square kilometre | 2 |
| 2000s | 71,634 BoP, current US$ per square kilometre | 27,652 BoP, current US$ per square kilometre | 137,893 BoP, current US$ per square kilometre | 10 |
| 2010s | 87,197 BoP, current US$ per square kilometre | 83,766 BoP, current US$ per square kilometre | 90,628 BoP, current US$ per square kilometre | 2 |
Countries ranked near Faroe Islands
- 64 Lithuania 87,768 BoP, current US$ per square kilometre compare
- 65 Palau 87,461 BoP, current US$ per square kilometre compare
- 66 Vietnam 86,189 BoP, current US$ per square kilometre compare
- 68 Romania 81,389 BoP, current US$ per square kilometre compare
- 69 Jamaica 78,022 BoP, current US$ per square kilometre compare
- 70 Saint Vincent and the Grenadines 68,111 BoP, 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 primary income payments (bop, current us$), per square kilometre in Faroe Islands?
- Primary income payments (bop, current us$), per square kilometre in Faroe Islands was 83,766 BoP, current US$ per square kilometre in 2011, according to Statizoid (derived).
- What is the highest primary income payments (bop, current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 137,893 BoP, current US$ per square kilometre in 2008.
- What is the lowest primary income payments (bop, current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 27,652 BoP, current US$ per square kilometre in 2004.
- How does Faroe Islands rank for primary income payments (bop, current us$), per square kilometre?
- Faroe Islands ranks 67th out of 198 countries with data for 2011.
- Is primary income payments (bop, current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 53.9%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Primary income payments (BoP, current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Primary income payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Primary income payments (BoP, current US$) 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.