Primary income, Credit/Revenue in Faroe Islands
Faroe Islands: Primary income, Credit/Revenue was 238.72 million in 2011. ▲ Rising
Primary income, Credit/Revenue in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
In 2011, primary income, credit/revenue in Faroe Islands stood at 238.72 million. That is the highest value across all 7 years on record.
That represents a change of up 13.8% on the previous year and up 63.7% over ten years.
That places Faroe Islands 134th out of 198 countries with data for 2011, putting it in the middle of the range.
Primary income, Credit/Revenue in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 145.80 million | — |
| 2006 | 179.93 million | +23.4% |
| 2007 | 223.76 million | +24.4% |
| 2008 | 232.03 million | +3.7% |
| 2009 | 159.23 million | -31.4% |
| 2010 | 209.75 million | +31.7% |
| 2011 | 238.72 million | +13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 188.15 million | 145.80 million | 232.03 million | 5 |
| 2010s | 224.24 million | 209.75 million | 238.72 million | 2 |
Countries ranked near Faroe Islands
- 131 Djibouti 274.31 million compare
- 132 North Macedonia 251.16 million compare
- 133 Afghanistan 240.40 million
- 135 Botswana 238.31 million compare
- 136 Bolivia, Plurinational State of 228.07 million compare
- 137 Cameroon 212.76 million compare
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)
- 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)
- Total current account credit/revenue, Credit/Revenue 1.68 billion (2011)
- Services balance (credit less debit), Net (credits less debits) -187.40 million (2011)
Frequently asked questions
- What is primary income, credit/revenue in Faroe Islands?
- Primary income, credit/revenue in Faroe Islands was 238.72 million in 2011, according to International Monetary Fund.
- What is the highest primary income, credit/revenue recorded in Faroe Islands?
- The highest recorded value was 238.72 million in 2011.
- What is the lowest primary income, credit/revenue recorded in Faroe Islands?
- The lowest recorded value was 145.80 million in 2005.
- How does Faroe Islands rank for primary income, credit/revenue?
- Faroe Islands ranks 134th out of 198 countries with data for 2011.
- Is primary income, credit/revenue rising or falling in Faroe Islands?
- Over the last ten years it is up 63.7%. 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 Primary income, 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.