Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands
Faroe Islands: Secondary income, other sectors, payments (BoP, current US$), per was 0.0097 BoP, current US$ per US$ of GDP 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 US$ of GDP.
Analysis
Faroe Islands recorded 0.0097 BoP, current US$ per US$ of GDP for secondary income, other sectors, payments (bop, current us$), per in 2011.
Compared with earlier readings it is down 29.1% on the previous year and up 205.3% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), per in Faroe Islands peaked at 0.0136 BoP, current US$ per US$ of GDP in 2010 and was at its lowest, 0.0019 BoP, current US$ per US$ of GDP, in 1998.
That places Faroe Islands 114th out of 197 countries with data for 2011, putting it 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 US$ of GDP | Change |
|---|---|---|
| 1998 | 0.0019 BoP, current US$ per US$ of GDP | — |
| 1999 | 0.0019 BoP, current US$ per US$ of GDP | +3.6% |
| 2000 | 0.0019 BoP, current US$ per US$ of GDP | -2.0% |
| 2001 | 0.0032 BoP, current US$ per US$ of GDP | +66.3% |
| 2002 | 0.0036 BoP, current US$ per US$ of GDP | +15.3% |
| 2003 | 0.0032 BoP, current US$ per US$ of GDP | -11.6% |
| 2004 | 0.01 BoP, current US$ per US$ of GDP | +210.6% |
| 2005 | 0.0096 BoP, current US$ per US$ of GDP | -4.3% |
| 2006 | 0.0098 BoP, current US$ per US$ of GDP | +2.0% |
| 2007 | 0.0102 BoP, current US$ per US$ of GDP | +4.8% |
| 2008 | 0.0105 BoP, current US$ per US$ of GDP | +2.3% |
| 2009 | 0.0107 BoP, current US$ per US$ of GDP | +2.0% |
| 2010 | 0.0136 BoP, current US$ per US$ of GDP | +27.4% |
| 2011 | 0.0097 BoP, current US$ per US$ of GDP | -29.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.0097 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.0169 BoP, current US$ per US$ of GDP, 57% of the median. (72 countries reporting)
- Faroe Islands's 0.0097 BoP, current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0128 BoP, current US$ per US$ of GDP, 75% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments (BoP, current US$), per in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +210.6% | 0.0032 BoP, current US$ per US$ of GDP | 0.01 BoP, current US$ per US$ of GDP |
| 2001 | +66.3% | 0.0019 BoP, current US$ per US$ of GDP | 0.0032 BoP, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0019 BoP, current US$ per US$ of GDP | 0.0019 BoP, current US$ per US$ of GDP | 0.0019 BoP, current US$ per US$ of GDP | 2 |
| 2000s | 0.0073 BoP, current US$ per US$ of GDP | 0.0019 BoP, current US$ per US$ of GDP | 0.0107 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0116 BoP, current US$ per US$ of GDP | 0.0097 BoP, current US$ per US$ of GDP | 0.0136 BoP, current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 111 Laos 0.0103 BoP, current US$ per US$ of GDP compare
- 112 Italy 0.0101 BoP, current US$ per US$ of GDP compare
- 113 Burkina Faso 0.0098 BoP, current US$ per US$ of GDP compare
- 115 Uzbekistan 0.0096 BoP, current US$ per US$ of GDP compare
- 116 Slovakia 0.0091 BoP, current US$ per US$ of GDP compare
- 117 Ecuador 0.009 BoP, current US$ per US$ of GDP 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 0.0097 BoP, current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The highest recorded value was 0.0136 BoP, current US$ per US$ of GDP in 2010.
- What is the lowest secondary income, other sectors, payments (bop, current us$), per recorded in Faroe Islands?
- The lowest recorded value was 0.0019 BoP, current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for secondary income, other sectors, payments (bop, current us$), per?
- Faroe Islands ranks 114th out of 197 countries with data for 2011.
- Is secondary income, other sectors, payments (bop, current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 205.3%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Secondary income, other sectors, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income, other sectors, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.