Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands
Faroe Islands: Secondary income, other sectors, payments (BoP, current US$), per was 17,335 BoP, current US$ per square kilometre 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 square kilometre.
Analysis
Faroe Islands recorded 17,335 BoP, current US$ per square kilometre for secondary income, other sectors, payments (bop, current us$), per in 2011.
That represents a change of down 23.8% on the previous year and up 559.4% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), per in Faroe Islands peaked at 22,742 BoP, current US$ per square kilometre in 2010 and was at its lowest, 1,454 BoP, current US$ per square kilometre, in 2000.
Faroe Islands ranks 72nd of 196 countries on this measure, in the middle of the range.
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 square kilometre | Change |
|---|---|---|
| 1998 | 1,483 BoP, current US$ per square kilometre | — |
| 1999 | 1,569 BoP, current US$ per square kilometre | +5.8% |
| 2000 | 1,454 BoP, current US$ per square kilometre | -7.3% |
| 2001 | 2,629 BoP, current US$ per square kilometre | +80.8% |
| 2002 | 3,331 BoP, current US$ per square kilometre | +26.7% |
| 2003 | 3,467 BoP, current US$ per square kilometre | +4.1% |
| 2004 | 12,366 BoP, current US$ per square kilometre | +256.7% |
| 2005 | 12,076 BoP, current US$ per square kilometre | -2.3% |
| 2006 | 14,127 BoP, current US$ per square kilometre | +17.0% |
| 2007 | 17,162 BoP, current US$ per square kilometre | +21.5% |
| 2008 | 18,693 BoP, current US$ per square kilometre | +8.9% |
| 2009 | 17,577 BoP, current US$ per square kilometre | -6.0% |
| 2010 | 22,742 BoP, current US$ per square kilometre | +29.4% |
| 2011 | 17,335 BoP, current US$ per square kilometre | -23.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 17,335 BoP, current US$ per square kilometre is below the median for high income countries, which is 75,676 BoP, current US$ per square kilometre, 23% of the median. (72 countries reporting)
- Faroe Islands's 17,335 BoP, current US$ per square kilometre is below the median for Europe & Central Asia, which is 18,045 BoP, current US$ per square kilometre, 96% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +256.7% | 3,467 BoP, current US$ per square kilometre | 12,366 BoP, current US$ per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,526 BoP, current US$ per square kilometre | 1,483 BoP, current US$ per square kilometre | 1,569 BoP, current US$ per square kilometre | 2 |
| 2000s | 10,288 BoP, current US$ per square kilometre | 1,454 BoP, current US$ per square kilometre | 18,693 BoP, current US$ per square kilometre | 10 |
| 2010s | 20,039 BoP, current US$ per square kilometre | 17,335 BoP, current US$ per square kilometre | 22,742 BoP, current US$ per square kilometre | 2 |
Countries ranked near Faroe Islands
- 69 Croatia 19,268 BoP, current US$ per square kilometre compare
- 70 Armenia 18,754 BoP, current US$ per square kilometre compare
- 71 French Polynesia 17,778 BoP, current US$ per square kilometre compare
- 73 El Salvador 17,124 BoP, current US$ per square kilometre compare
- 74 Greece 15,392 BoP, current US$ per square kilometre compare
- 75 Romania 14,214 BoP, current US$ per square kilometre 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 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 17,335 BoP, current US$ per square kilometre in 2011, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 22,742 BoP, current US$ per square kilometre in 2010.
- What is the lowest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 1,454 BoP, current US$ per square kilometre in 2000.
- How does Faroe Islands rank for secondary income, other sectors, payments (bop, current us$), per?
- Faroe Islands ranks 72nd out of 196 countries with data for 2011.
- Is secondary income, other sectors, payments (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income, other sectors, payments (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.