Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands
Faroe Islands: Secondary income, other sectors, payments (BoP, current US$), per was 498.54 BoP, current US$ per person in 2011. ◆ Volatile
Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for secondary income, other sectors, payments (bop, current us$), per in Faroe Islands is 498.54 BoP, current US$ per person, measured in 2011.
Compared with earlier readings it is down 23.6% on the previous year and up 533.5% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), per in Faroe Islands peaked at 652.5 BoP, current US$ per person in 2010 and was at its lowest, 44.37 BoP, current US$ per person, in 2000.
Faroe Islands ranks 49th of 198 countries on this measure, in the top 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$), per in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 46.34 BoP, current US$ per person | — |
| 1999 | 48.51 BoP, current US$ per person | +4.7% |
| 2000 | 44.37 BoP, current US$ per person | -8.5% |
| 2001 | 78.7 BoP, current US$ per person | +77.4% |
| 2002 | 98.24 BoP, current US$ per person | +24.8% |
| 2003 | 100.77 BoP, current US$ per person | +2.6% |
| 2004 | 356.78 BoP, current US$ per person | +254.1% |
| 2005 | 348.62 BoP, current US$ per person | -2.3% |
| 2006 | 408.02 BoP, current US$ per person | +17.0% |
| 2007 | 495.22 BoP, current US$ per person | +21.4% |
| 2008 | 537.54 BoP, current US$ per person | +8.5% |
| 2009 | 502.91 BoP, current US$ per person | -6.4% |
| 2010 | 652.5 BoP, current US$ per person | +29.7% |
| 2011 | 498.54 BoP, current US$ per person | -23.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 498.54 BoP, current US$ per person is below the median for high income countries, which is 729.79 BoP, current US$ per person, 68% of the median. (72 countries reporting)
- Faroe Islands's 498.54 BoP, current US$ per person is above the median for Europe & Central Asia, which is 361.1 BoP, current US$ per person, 1.4× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +254.1% | 100.77 BoP, current US$ per person | 356.78 BoP, current US$ per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 47.42 BoP, current US$ per person | 46.34 BoP, current US$ per person | 48.51 BoP, current US$ per person | 2 |
| 2000s | 297.12 BoP, current US$ per person | 44.37 BoP, current US$ per person | 537.54 BoP, current US$ per person | 10 |
| 2010s | 575.52 BoP, current US$ per person | 498.54 BoP, current US$ per person | 652.5 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 46 Japan 581.08 BoP, current US$ per person compare
- 47 Portugal 509.18 BoP, current US$ per person compare
- 48 Seychelles 505.25 BoP, current US$ per person compare
- 50 Croatia 489.54 BoP, current US$ per person compare
- 51 Dominica 463.52 BoP, current US$ per person compare
- 52 Czechia 456.56 BoP, current US$ per person 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$), per in Faroe Islands?
- Secondary income, other sectors, payments (bop, current us$), per in Faroe Islands was 498.54 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 652.5 BoP, current US$ per person in 2010.
- What is the lowest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 44.37 BoP, current US$ per person in 2000.
- How does Faroe Islands rank for secondary income, other sectors, payments (bop, current us$), per?
- Faroe Islands ranks 49th out of 198 countries with data for 2011.
- Is secondary income, other sectors, payments (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 533.5%. 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$), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Secondary income, other sectors, payments (BoP, current US$) ÷ Population, total
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income, other sectors, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.