Primary income receipts (BoP, current US$), per unit of GDP in Faroe Islands
Faroe Islands: Primary income receipts (BoP, current US$), per unit of GDP was 0.0953 BoP, current US$ per US$ of GDP in 2011. ▬ Flat
Primary income receipts (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
Faroe Islands recorded 0.0953 BoP, current US$ per US$ of GDP for primary income receipts (bop, current us$), per unit of gdp in 2011.
That represents a change of up 5.9% on the previous year and up 22.0% over ten years.
Over the whole period, primary income receipts (bop, current us$), per unit of gdp in Faroe Islands peaked at 0.1014 BoP, current US$ per US$ of GDP in 1998 and was at its lowest, 0.0605 BoP, current US$ per US$ of GDP, in 2004.
Faroe Islands ranks 36th of 198 countries on this measure, in the top quarter.
Primary income receipts (BoP, current US$), per unit of GDP in Faroe Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.1014 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.1007 BoP, current US$ per US$ of GDP | -0.7% |
| 2000 | 0.0951 BoP, current US$ per US$ of GDP | -5.5% |
| 2001 | 0.0781 BoP, current US$ per US$ of GDP | -17.9% |
| 2002 | 0.0721 BoP, current US$ per US$ of GDP | -7.6% |
| 2003 | 0.0708 BoP, current US$ per US$ of GDP | -1.9% |
| 2004 | 0.0605 BoP, current US$ per US$ of GDP | -14.5% |
| 2005 | 0.0829 BoP, current US$ per US$ of GDP | +36.8% |
| 2006 | 0.0892 BoP, current US$ per US$ of GDP | +7.6% |
| 2007 | 0.0957 BoP, current US$ per US$ of GDP | +7.3% |
| 2008 | 0.0932 BoP, current US$ per US$ of GDP | -2.6% |
| 2009 | 0.0694 BoP, current US$ per US$ of GDP | -25.6% |
| 2010 | 0.09 BoP, current US$ per US$ of GDP | +29.7% |
| 2011 | 0.0953 BoP, current US$ per US$ of GDP | +5.9% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0953 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.0686 BoP, current US$ per US$ of GDP, 1.4× the median. (72 countries reporting)
- Faroe Islands's 0.0953 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.0572 BoP, current US$ per US$ of GDP, 1.7× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1011 BoP, current US$ per US$ of GDP | 0.1007 BoP, current US$ per US$ of GDP | 0.1014 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0807 BoP, current US$ per US$ of GDP | 0.0605 BoP, current US$ per US$ of GDP | 0.0957 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0926 BoP, current US$ per US$ of GDP | 0.09 BoP, current US$ per US$ of GDP | 0.0953 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 33 Finland 0.1098 BoP, current US$ per US$ of GDP compare
- 34 Tonga 0.1082 BoP, current US$ per US$ of GDP compare
- 35 Japan 0.1029 BoP, current US$ per US$ of GDP compare
- 37 Qatar 0.0925 BoP, current US$ per US$ of GDP
- 38 Germany 0.0924 BoP, current US$ per US$ of GDP compare
- 39 Libya 0.0916 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 receipts (bop, current us$), per unit of gdp in Faroe Islands?
- Primary income receipts (bop, current us$), per unit of gdp in Faroe Islands was 0.0953 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest primary income receipts (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.1014 BoP, current US$ per US$ of GDP in 1998.
- What is the lowest primary income receipts (bop, current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.0605 BoP, current US$ per US$ of GDP in 2004.
- How does Faroe Islands rank for primary income receipts (bop, current us$), per unit of gdp?
- Faroe Islands ranks 36th out of 198 countries with data for 2011.
- Is primary income receipts (bop, current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 22.0%. The long-run trend across the full record is flat.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Primary income receipts (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Primary income receipts (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Primary income receipts (BoP, current US$) ÷ GDP (current US$)
Computed from
- Primary income receipts Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Primary income receipts (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.