Secondary income, other sectors, payments (BoP, current US$), gaps in Faroe Islands
Faroe Islands: Secondary income, other sectors, payments (BoP, current US$), gaps was 24.20 million BoP, current US$ in 2011. ◆ Volatile
Secondary income, other sectors, payments (BoP, current US$), gaps in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$.
Analysis
The most recent figure for secondary income, other sectors, payments (bop, current us$), gaps in Faroe Islands is 24.20 million BoP, current US$, measured in 2011.
That represents a change of down 23.8% on the previous year and up 559.4% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), gaps in Faroe Islands peaked at 31.75 million BoP, current US$ in 2010 and was at its lowest, 2.03 million BoP, current US$, in 2000.
Faroe Islands ranks 180th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments (BoP, current US$), gaps in Faroe Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 2.07 million BoP, current US$ | — |
| 1999 | 2.19 million BoP, current US$ | +5.8% |
| 2000 | 2.03 million BoP, current US$ | -7.3% |
| 2001 | 3.67 million BoP, current US$ | +80.8% |
| 2002 | 4.65 million BoP, current US$ | +26.7% |
| 2003 | 4.84 million BoP, current US$ | +4.1% |
| 2004 | 17.26 million BoP, current US$ | +256.7% |
| 2005 | 16.86 million BoP, current US$ | -2.3% |
| 2006 | 19.72 million BoP, current US$ | +17.0% |
| 2007 | 23.96 million BoP, current US$ | +21.5% |
| 2008 | 26.10 million BoP, current US$ | +8.9% |
| 2009 | 24.54 million BoP, current US$ | -6.0% |
| 2010 | 31.75 million BoP, current US$ | +29.4% |
| 2011 | 24.20 million BoP, current US$ | -23.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 24.20 million BoP, current US$ is below the median for high income countries, which is 2.57 billion BoP, current US$, 1% of the median. (72 countries reporting)
- Faroe Islands's 24.20 million BoP, current US$ is below the median for Europe & Central Asia, which is 1.65 billion BoP, current US$, 1% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments (BoP, current US$), gaps 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 | +256.7% | 4.84 million BoP, current US$ | 17.26 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.13 million BoP, current US$ | 2.07 million BoP, current US$ | 2.19 million BoP, current US$ | 2 |
| 2000s | 14.36 million BoP, current US$ | 2.03 million BoP, current US$ | 26.10 million BoP, current US$ | 10 |
| 2010s | 27.97 million BoP, current US$ | 24.20 million BoP, current US$ | 31.75 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 177 Dominica 30.53 million BoP, current US$ compare
- 178 Central African Republic 28.28 million BoP, current US$
- 179 Nauru 27.93 million BoP, current US$
- 181 Mauritania 23.81 million BoP, current US$ compare
- 182 Burundi 19.91 million BoP, current US$ compare
- 183 Palau 19.56 million BoP, current US$ 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$), gaps in Faroe Islands?
- Secondary income, other sectors, payments (bop, current us$), gaps in Faroe Islands was 24.20 million BoP, current US$ in 2011, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), gaps recorded in Faroe Islands?
- The highest recorded value was 31.75 million BoP, current US$ in 2010.
- What is the lowest secondary income, other sectors, payments (bop, current us$), gaps recorded in Faroe Islands?
- The lowest recorded value was 2.03 million BoP, current US$ in 2000.
- How does Faroe Islands rank for secondary income, other sectors, payments (bop, current us$), gaps?
- Faroe Islands ranks 180th out of 198 countries with data for 2011.
- Is secondary income, other sectors, payments (bop, current us$), gaps rising or falling in Faroe Islands?
- Over the last ten years it is up 559.4%. 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$), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) with 62 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Secondary income, other sectors, payments (BoP, current US$) with 62 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.