Secondary income, other sectors, payments (BoP, current US$), annual in Faroe Islands
Faroe Islands: Secondary income, other sectors, payments (BoP, current US$), annual was -23.77 % change on previous year in 2011. ◆ Volatile
Secondary income, other sectors, payments (BoP, current US$), annual in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded -23.77 % change on previous year for secondary income, other sectors, payments (bop, current us$), annual in 2011. That is the lowest value across all 13 years on record.
The figure is down 180.9% on the previous year and down 129.4% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), annual in Faroe Islands peaked at 256.67 % change on previous year in 2004 and was at its lowest, -23.77 % change on previous year, in 2011.
That places Faroe Islands 180th out of 197 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments (BoP, current US$), annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 5.8 % change on previous year | — |
| 2000 | -7.31 % change on previous year | -226.0% |
| 2001 | 80.79 % change on previous year | -1205.8% |
| 2002 | 26.7 % change on previous year | -66.9% |
| 2003 | 4.09 % change on previous year | -84.7% |
| 2004 | 256.67 % change on previous year | +6181.5% |
| 2005 | -2.34 % change on previous year | -100.9% |
| 2006 | 16.98 % change on previous year | -825.8% |
| 2007 | 21.48 % change on previous year | +26.5% |
| 2008 | 8.92 % change on previous year | -58.5% |
| 2009 | -5.97 % change on previous year | -166.9% |
| 2010 | 29.39 % change on previous year | -592.0% |
| 2011 | -23.77 % change on previous year | -180.9% |
Faroe Islands compared with similar countries
- Faroe Islands's -23.77 % change on previous year is below the median for high income countries, which is 7.28 % change on previous year. (71 countries reporting)
- Faroe Islands's -23.77 % change on previous year is below the median for Europe & Central Asia, which is 7.72 % change on previous year. (51 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments (BoP, current US$), annual in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +6181.5% | 4.09 % change on previous year | 256.67 % change on previous year |
| 2001 | +1205.8% | -7.31 % change on previous year | 80.79 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.8 % change on previous year | 5.8 % change on previous year | 5.8 % change on previous year | 1 |
| 2000s | 40 % change on previous year | -7.31 % change on previous year | 256.67 % change on previous year | 10 |
| 2010s | 2.81 % change on previous year | -23.77 % change on previous year | 29.39 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 177 Nepal -19.53 % change on previous year compare
- 178 Kyrgyzstan -19.93 % change on previous year compare
- 179 Sierra Leone -20.53 % change on previous year compare
- 181 Central African Republic -24.38 % change on previous year
- 182 China -24.63 % change on previous year compare
- 183 Togo -24.93 % change on previous year compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (2024)
Frequently asked questions
- What is secondary income, other sectors, payments (bop, current us$), annual in Faroe Islands?
- Secondary income, other sectors, payments (bop, current us$), annual in Faroe Islands was -23.77 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), annual recorded in Faroe Islands?
- The highest recorded value was 256.67 % change on previous year in 2004.
- What is the lowest secondary income, other sectors, payments (bop, current us$), annual recorded in Faroe Islands?
- The lowest recorded value was -23.77 % change on previous year in 2011.
- How does Faroe Islands rank for secondary income, other sectors, payments (bop, current us$), annual?
- Faroe Islands ranks 180th out of 197 countries with data for 2011.
- Is secondary income, other sectors, payments (bop, current us$), annual rising or falling in Faroe Islands?
- Over the last ten years it is down 129.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Secondary income, other sectors, payments (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Secondary income, other sectors, payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
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
The year-on-year percentage change in Secondary income, other sectors, payments (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.