Primary income payments (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: Primary income payments (BoP, current US$), per unit of GDP was 0.0467 BoP, current US$ per US$ of GDP in 2011. ▼ Falling
Primary income payments (BoP, current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2011, primary income payments (bop, current us$), per unit of gdp in Faroe Islands stood at 0.0467 BoP, current US$ per US$ of GDP.
Compared with earlier readings it is down 14.0% on the previous year and down 28.7% over ten years.
Over the whole period, primary income payments (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.0773 BoP, current US$ per US$ of GDP in 2008 and was at its lowest, 0.0224 BoP, current US$ per US$ of GDP, in 2004.
Faroe Islands ranks 111th of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Primary income payments (BoP, current US$), per unit of GDP in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0757 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.0698 BoP, current US$ per US$ of GDP | -7.8% |
| 2000 | 0.063 BoP, current US$ per US$ of GDP | -9.7% |
| 2001 | 0.0655 BoP, current US$ per US$ of GDP | +3.9% |
| 2002 | 0.0575 BoP, current US$ per US$ of GDP | -12.2% |
| 2003 | 0.0508 BoP, current US$ per US$ of GDP | -11.7% |
| 2004 | 0.0224 BoP, current US$ per US$ of GDP | -55.9% |
| 2005 | 0.042 BoP, current US$ per US$ of GDP | +87.5% |
| 2006 | 0.0494 BoP, current US$ per US$ of GDP | +17.7% |
| 2007 | 0.058 BoP, current US$ per US$ of GDP | +17.4% |
| 2008 | 0.0773 BoP, current US$ per US$ of GDP | +33.4% |
| 2009 | 0.0728 BoP, current US$ per US$ of GDP | -5.9% |
| 2010 | 0.0543 BoP, current US$ per US$ of GDP | -25.4% |
| 2011 | 0.0467 BoP, current US$ per US$ of GDP | -14.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0467 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.0777 BoP, current US$ per US$ of GDP, 60% of the median. (72 countries reporting)
- Faroe Islands's 0.0467 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0732 BoP, current US$ per US$ of GDP, 64% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0727 BoP, current US$ per US$ of GDP | 0.0698 BoP, current US$ per US$ of GDP | 0.0757 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0559 BoP, current US$ per US$ of GDP | 0.0224 BoP, current US$ per US$ of GDP | 0.0773 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0505 BoP, current US$ per US$ of GDP | 0.0467 BoP, current US$ per US$ of GDP | 0.0543 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 108 South Africa 0.0476 BoP, current US$ per US$ of GDP compare
- 109 Ukraine 0.0475 BoP, current US$ per US$ of GDP compare
- 110 Lebanon 0.0467 BoP, current US$ per US$ of GDP compare
- 112 Saint Kitts and Nevis 0.0465 BoP, current US$ per US$ of GDP compare
- 113 Antigua and Barbuda 0.0447 BoP, current US$ per US$ of GDP compare
- 114 Vietnam 0.0446 BoP, current US$ per US$ of GDP 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$), per unit of gdp in Faroe Islands?
- Primary income payments (bop, current us$), per unit of gdp in Faroe Islands was 0.0467 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest primary income payments (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.0773 BoP, current US$ per US$ of GDP in 2008.
- What is the lowest primary income payments (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0224 BoP, current US$ per US$ of GDP in 2004.
- How does Faroe Islands rank for primary income payments (bop, current us$), per unit of gdp?
- Faroe Islands ranks 111th out of 199 countries with data for 2011.
- Is primary income payments (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 28.7%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Primary income payments (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Primary income payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Primary income payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Primary income payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Primary income payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.