Faroe Islands vs Papua New Guinea: Remittance inflows to GDP
Remittance inflows to GDP over time
- Faroe Islands
- Papua New Guinea
How they compare
Papua New Guinea currently reports 0.0% against 0.0% in Faroe Islands, a difference of 0.0%.
The two have swapped places 1 time across 22 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 190th and Papua New Guinea ranks 188th of 197 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.4% | 0.2% | 4.1% | Faroe Islands |
| 2000s | 4.2% | 0.1% | 4.0% | Faroe Islands |
| 2010s | 1.3% | 0.0% | 1.2% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Faroe Islands or Papua New Guinea?
- Papua New Guinea, at 0.0% against 0.0% in Faroe Islands as of 2020.
- What is the difference in remittance inflows to gdp between Faroe Islands and Papua New Guinea?
- 0.0%, with Papua New Guinea ahead.
- How many years of comparable data are there for Faroe Islands and Papua New Guinea?
- 22 years are reported by both, from 1998 to 2019.
- How do Faroe Islands and Papua New Guinea rank globally for remittance inflows to gdp?
- Faroe Islands ranks 190th and Papua New Guinea ranks 188th of 197 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Remittance inflows to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.