Goods, Credit/Revenue in Faroe Islands
Faroe Islands: Goods, Credit/Revenue was 1.01 billion in 2011. ▲ Rising
Goods, Credit/Revenue in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
In 2011, goods, credit/revenue in Faroe Islands stood at 1.01 billion. That is the highest value across all 7 years on record.
That represents a change of up 20.5% on the previous year and up 66.8% over ten years.
That places Faroe Islands 152nd out of 198 countries with data for 2011, putting it in the bottom quarter.
Goods, Credit/Revenue in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 603.27 million | — |
| 2006 | 650.55 million | +7.8% |
| 2007 | 745.18 million | +14.5% |
| 2008 | 852.40 million | +14.4% |
| 2009 | 765.69 million | -10.2% |
| 2010 | 835.11 million | +9.1% |
| 2011 | 1.01 billion | +20.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 723.42 million | 603.27 million | 852.40 million | 5 |
| 2010s | 920.55 million | 835.11 million | 1.01 billion | 2 |
Countries ranked near Faroe Islands
More financial sector data for Faroe Islands
- Net migration, annual growth rate -20.9 % change on previous year (2025)
- Net migration 386 (2025)
- Official exchange rate 6.62 LCU per US$, period average (2025)
- GDP deflator: linked series 135.45 base year varies by country (2024)
- Inflation, GDP deflator: linked series 2.0% (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Remittance inflows to GDP 0.0% (2019)
- Total current account credit/revenue, Credit/Revenue 1.68 billion (2011)
- Services balance (credit less debit), Net (credits less debits) -187.40 million (2011)
- Secondary income balance (credit less debit), Net (credits less) 202.96 million (2011)
Frequently asked questions
- What is goods, credit/revenue in Faroe Islands?
- Goods, credit/revenue in Faroe Islands was 1.01 billion in 2011, according to International Monetary Fund.
- What is the highest goods, credit/revenue recorded in Faroe Islands?
- The highest recorded value was 1.01 billion in 2011.
- What is the lowest goods, credit/revenue recorded in Faroe Islands?
- The lowest recorded value was 603.27 million in 2005.
- How does Faroe Islands rank for goods, credit/revenue?
- Faroe Islands ranks 152nd out of 198 countries with data for 2011.
- Is goods, credit/revenue rising or falling in Faroe Islands?
- Over the last ten years it is up 66.8%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of Goods, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.