Primary income receipts (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Primary income receipts (BoP, current US$), per capita was 4,918 BoP, current US$ per person in 2011. ▲ Rising
Primary income receipts (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
Faroe Islands recorded 4,918 BoP, current US$ per person for primary income receipts (bop, current us$), per capita in 2011. That is the highest value across all 14 years on record.
That represents a change of up 14.1% on the previous year and up 153.1% over ten years.
Over the whole period, primary income receipts (bop, current us$), per capita in Faroe Islands peaked at 4,918 BoP, current US$ per person in 2011 and was at its lowest, 1,943 BoP, current US$ per person, in 2002.
Faroe Islands ranks 26th of 199 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 receipts (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 2,508 BoP, current US$ per person | — |
| 1999 | 2,515 BoP, current US$ per person | +0.3% |
| 2000 | 2,218 BoP, current US$ per person | -11.8% |
| 2001 | 1,943 BoP, current US$ per person | -12.4% |
| 2002 | 1,943 BoP, current US$ per person | +0.0% |
| 2003 | 2,213 BoP, current US$ per person | +13.9% |
| 2004 | 2,158 BoP, current US$ per person | -2.5% |
| 2005 | 3,015 BoP, current US$ per person | +39.7% |
| 2006 | 3,723 BoP, current US$ per person | +23.5% |
| 2007 | 4,625 BoP, current US$ per person | +24.2% |
| 2008 | 4,780 BoP, current US$ per person | +3.3% |
| 2009 | 3,264 BoP, current US$ per person | -31.7% |
| 2010 | 4,311 BoP, current US$ per person | +32.1% |
| 2011 | 4,918 BoP, current US$ per person | +14.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 4,918 BoP, current US$ per person is above the median for high income countries, which is 2,439 BoP, current US$ per person, 2.0× the median. (72 countries reporting)
- Faroe Islands's 4,918 BoP, current US$ per person is above the median for Europe & Central Asia, which is 1,729 BoP, current US$ per person, 2.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,512 BoP, current US$ per person | 2,508 BoP, current US$ per person | 2,515 BoP, current US$ per person | 2 |
| 2000s | 2,988 BoP, current US$ per person | 1,943 BoP, current US$ per person | 4,780 BoP, current US$ per person | 10 |
| 2010s | 4,614 BoP, current US$ per person | 4,311 BoP, current US$ per person | 4,918 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 23 France 5,944 BoP, current US$ per person compare
- 24 Germany 5,593 BoP, current US$ per person compare
- 25 Austria 5,592 BoP, current US$ per person compare
- 27 Tuvalu 4,904 BoP, current US$ per person compare
- 28 Canada 4,777 BoP, current US$ per person compare
- 29 United States 4,485 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 receipts (bop, current us$), per capita in Faroe Islands?
- Primary income receipts (bop, current us$), per capita in Faroe Islands was 4,918 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest primary income receipts (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 4,918 BoP, current US$ per person in 2011.
- What is the lowest primary income receipts (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 1,943 BoP, current US$ per person in 2002.
- How does Faroe Islands rank for primary income receipts (bop, current us$), per capita?
- Faroe Islands ranks 26th out of 199 countries with data for 2011.
- Is primary income receipts (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 153.1%. 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 receipts (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Primary income receipts (BoP, current US$) 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 receipts (BoP, current US$) ÷ Population, total
Computed from
- Primary income receipts Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Primary income receipts (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.