Service imports (BoP, current US$), per capita in Faroe Islands
Faroe Islands: Service imports (BoP, current US$), per capita was 8,121 BoP, current US$ per person in 2011. ◆ Volatile
Service imports (BoP, current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for service imports (bop, current us$), per capita in Faroe Islands is 8,121 BoP, current US$ per person, measured in 2011. That is the highest value across all 14 years on record.
That represents a change of up 7.9% on the previous year and up 259.8% over ten years.
Over the whole period, service imports (bop, current us$), per capita in Faroe Islands peaked at 8,121 BoP, current US$ per person in 2011 and was at its lowest, 2,030 BoP, current US$ per person, in 1998.
That places Faroe Islands 25th out of 200 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), per capita in Faroe Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 1998 | 2,030 BoP, current US$ per person | — |
| 1999 | 2,099 BoP, current US$ per person | +3.4% |
| 2000 | 2,124 BoP, current US$ per person | +1.2% |
| 2001 | 2,257 BoP, current US$ per person | +6.3% |
| 2002 | 2,790 BoP, current US$ per person | +23.6% |
| 2003 | 3,058 BoP, current US$ per person | +9.6% |
| 2004 | 3,330 BoP, current US$ per person | +8.9% |
| 2005 | 4,752 BoP, current US$ per person | +42.7% |
| 2006 | 5,671 BoP, current US$ per person | +19.3% |
| 2007 | 7,425 BoP, current US$ per person | +30.9% |
| 2008 | 7,866 BoP, current US$ per person | +5.9% |
| 2009 | 7,023 BoP, current US$ per person | -10.7% |
| 2010 | 7,525 BoP, current US$ per person | +7.1% |
| 2011 | 8,121 BoP, current US$ per person | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,065 BoP, current US$ per person | 2,030 BoP, current US$ per person | 2,099 BoP, current US$ per person | 2 |
| 2000s | 4,629 BoP, current US$ per person | 2,124 BoP, current US$ per person | 7,866 BoP, current US$ per person | 10 |
| 2010s | 7,823 BoP, current US$ per person | 7,525 BoP, current US$ per person | 8,121 BoP, current US$ per person | 2 |
Countries ranked near Faroe Islands
- 22 Estonia 8,810 BoP, current US$ per person compare
- 23 Finland 8,667 BoP, current US$ per person compare
- 24 Seychelles 8,238 BoP, current US$ per person compare
- 26 Bahrain 7,789 BoP, current US$ per person compare
- 27 Sint Maarten (Dutch part) 7,729 BoP, current US$ per person
- 28 Naoero 7,384 BoP, current US$ per person
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 service imports (bop, current us$), per capita in Faroe Islands?
- Service imports (bop, current us$), per capita in Faroe Islands was 8,121 BoP, current US$ per person in 2011, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 8,121 BoP, current US$ per person in 2011.
- What is the lowest service imports (bop, current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 2,030 BoP, current US$ per person in 1998.
- How does Faroe Islands rank for service imports (bop, current us$), per capita?
- Faroe Islands ranks 25th out of 200 countries with data for 2011.
- Is service imports (bop, current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 259.8%. 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 Service imports (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service imports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service imports (BoP, current US$) ÷ Population, total
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service imports (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.