Secondary income receipts (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Secondary income receipts (BoP, current US$), per capita was 4,766 BoP, current US$ per person in 2011. ▲ Rising
Secondary income receipts (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
Faroe Islands recorded 4,766 BoP, current US$ per person for secondary income receipts (bop, current us$), per capita in 2011. That is the highest value across all 14 years on record.
The figure is up 28.5% on the previous year and up 51.3% over ten years.
Over the whole period, secondary income receipts (bop, current us$), per capita in Faroe Islands peaked at 4,766 BoP, current US$ per person in 2011 and was at its lowest, 2,306 BoP, current US$ per person, in 2002.
Faroe Islands ranks 5th of 199 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Secondary income receipts (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 3,769 BoP, current US$ per person | — |
| 1999 | 3,673 BoP, current US$ per person | -2.5% |
| 2000 | 3,240 BoP, current US$ per person | -11.8% |
| 2001 | 3,149 BoP, current US$ per person | -2.8% |
| 2002 | 2,306 BoP, current US$ per person | -26.8% |
| 2003 | 2,669 BoP, current US$ per person | +15.7% |
| 2004 | 3,133 BoP, current US$ per person | +17.4% |
| 2005 | 3,120 BoP, current US$ per person | -0.4% |
| 2006 | 3,374 BoP, current US$ per person | +8.1% |
| 2007 | 4,717 BoP, current US$ per person | +39.8% |
| 2008 | 3,677 BoP, current US$ per person | -22.0% |
| 2009 | 3,490 BoP, current US$ per person | -5.1% |
| 2010 | 3,709 BoP, current US$ per person | +6.3% |
| 2011 | 4,766 BoP, current US$ per person | +28.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 4,766 BoP, current US$ per person is above the median for high income countries, which is 763.29 BoP, current US$ per person, 6.2× the median. (71 countries reporting)
- Faroe Islands's 4,766 BoP, current US$ per person is above the median for Europe & Central Asia, which is 882.05 BoP, current US$ per person, 5.4× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,721 BoP, current US$ per person | 3,673 BoP, current US$ per person | 3,769 BoP, current US$ per person | 2 |
| 2000s | 3,288 BoP, current US$ per person | 2,306 BoP, current US$ per person | 4,717 BoP, current US$ per person | 10 |
| 2010s | 4,237 BoP, current US$ per person | 3,709 BoP, current US$ per person | 4,766 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 2 Luxembourg 24,143 BoP, current US$ per person compare
- 3 Switzerland 8,180 BoP, current US$ per person compare
- 4 Singapore 5,952 BoP, current US$ per person compare
- 6 Bermuda 4,202 BoP, current US$ per person compare
- 7 Marshall Islands 3,671 BoP, current US$ per person compare
- 8 Tuvalu 3,298 BoP, current US$ per person 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$), per capita in Faroe Islands?
- Secondary income receipts (bop, current us$), per capita in Faroe Islands was 4,766 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest secondary income receipts (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 4,766 BoP, current US$ per person in 2011.
- What is the lowest secondary income receipts (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 2,306 BoP, current US$ per person in 2002.
- How does Faroe Islands rank for secondary income receipts (bop, current us$), per capita?
- Faroe Islands ranks 5th out of 199 countries with data for 2011.
- Is secondary income receipts (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 51.3%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Secondary income receipts (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Secondary income receipts (BoP, current US$) 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 receipts (BoP, current US$) ÷ Population, total
Computed from
- Secondary income receipts Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income receipts (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.