Secondary income receipts (BoP, current US$), annual growth rate in Faroe Islands
Faroe Islands: Secondary income receipts (BoP, current US$), annual growth rate was 28.21 % change on previous year in 2011. ◆ Volatile
Secondary income receipts (BoP, current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for secondary income receipts (bop, current us$), annual growth rate in Faroe Islands is 28.21 % change on previous year, measured in 2011.
The figure is up 373.1% on the previous year and up 3,108.9% over ten years.
Over the whole period, secondary income receipts (bop, current us$), annual growth rate in Faroe Islands peaked at 39.93 % change on previous year in 2007 and was at its lowest, -25.67 % change on previous year, in 2002.
Faroe Islands ranks 16th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income receipts (BoP, current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -1.51 % change on previous year | — |
| 2000 | -10.6 % change on previous year | +600.0% |
| 2001 | -0.9376 % change on previous year | -91.2% |
| 2002 | -25.67 % change on previous year | +2637.9% |
| 2003 | 17.45 % change on previous year | -168.0% |
| 2004 | 18.25 % change on previous year | +4.6% |
| 2005 | -0.4815 % change on previous year | -102.6% |
| 2006 | 8.08 % change on previous year | -1778.4% |
| 2007 | 39.93 % change on previous year | +394.1% |
| 2008 | -21.77 % change on previous year | -154.5% |
| 2009 | -4.6 % change on previous year | -78.9% |
| 2010 | 5.96 % change on previous year | -229.5% |
| 2011 | 28.21 % change on previous year | +373.1% |
Biggest year-on-year movements
Years where Secondary income receipts (BoP, current US$), annual growth rate in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -2637.9% | -0.9376 % change on previous year | -25.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.51 % change on previous year | -1.51 % change on previous year | -1.51 % change on previous year | 1 |
| 2000s | 1.96 % change on previous year | -25.67 % change on previous year | 39.93 % change on previous year | 10 |
| 2010s | 17.09 % change on previous year | 5.96 % change on previous year | 28.21 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 13 Kiribati 32.33 % change on previous year compare
- 14 Uzbekistan 30.6 % change on previous year compare
- 15 Poland 28.86 % change on previous year compare
- 17 Botswana 26.58 % change on previous year compare
- 18 Estonia 26.3 % change on previous year compare
- 19 Trinidad and Tobago 25.38 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), 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 receipts (bop, current us$), annual growth rate in Faroe Islands?
- Secondary income receipts (bop, current us$), annual growth rate in Faroe Islands was 28.21 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest secondary income receipts (bop, current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 39.93 % change on previous year in 2007.
- What is the lowest secondary income receipts (bop, current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -25.67 % change on previous year in 2002.
- How does Faroe Islands rank for secondary income receipts (bop, current us$), annual growth rate?
- Faroe Islands ranks 16th out of 198 countries with data for 2011.
- Is secondary income receipts (bop, current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 3,108.9%. 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 receipts (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Secondary income receipts (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Secondary income receipts 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 receipts (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.