Primary income balance (credit less debit), Net (credits less debits) in Faroe Islands
Faroe Islands: Primary income balance (credit less debit), Net (credits less debits) was 121.78 million in 2011. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
The most recent figure for primary income balance (credit less debit), net (credits less debits) in Faroe Islands is 121.78 million, measured in 2011. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 46.3% on the previous year and up 69.2% over ten years.
Faroe Islands ranks 32nd of 197 countries on this measure, in the top quarter.
Primary income balance (credit less debit), Net (credits less debits) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 71.95 million | — |
| 2006 | 80.31 million | +11.6% |
| 2007 | 88.16 million | +9.8% |
| 2008 | 39.53 million | -55.2% |
| 2009 | -7.81 million | -119.8% |
| 2010 | 83.24 million | -1165.2% |
| 2011 | 121.78 million | +46.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 54.43 million | -7.81 million | 88.16 million | 5 |
| 2010s | 102.51 million | 83.24 million | 121.78 million | 2 |
Countries ranked near Faroe Islands
More financial sector data for Faroe Islands
- Official exchange rate 6.62 LCU per US$, period average (2025)
- Net migration 386 (2025)
- Net migration, annual growth rate -20.9 % change on previous year (2025)
- GDP deflator: linked series 135.45 base year varies by country (2024)
- Inflation, GDP deflator: linked series 2.0% (2024)
- GDP deflator: linked series (base year varies by country), annual 2 % change on previous year (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Remittance inflows to GDP 0.0% (2019)
- Secondary income balance (credit less debit), Net (credits less) 202.96 million (2011)
- Services balance (credit less debit), Net (credits less debits) -187.40 million (2011)
Frequently asked questions
- What is primary income balance (credit less debit), net (credits less debits) in Faroe Islands?
- Primary income balance (credit less debit), net (credits less debits) in Faroe Islands was 121.78 million in 2011, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Faroe Islands?
- The highest recorded value was 121.78 million in 2011.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Faroe Islands?
- The lowest recorded value was -7.81 million in 2009.
- How does Faroe Islands rank for primary income balance (credit less debit), net (credits less debits)?
- Faroe Islands ranks 32nd out of 197 countries with data for 2011.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Faroe Islands?
- Over the last ten years it is up 69.2%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of Primary income balance (credit less debit), Net (credits less debits) (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.