Secondary income, Credit/Revenue in Faroe Islands
Faroe Islands: Secondary income, Credit/Revenue was 231.36 million in 2011. ▲ Rising
Secondary income, Credit/Revenue in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
In 2011, secondary income, credit/revenue in Faroe Islands stood at 231.36 million. That is the highest value across all 7 years on record.
The figure is up 28.2% on the previous year and up 53.3% over ten years.
Faroe Islands ranks 158th of 198 countries on this measure, in the bottom quarter.
Secondary income, Credit/Revenue in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 150.87 million | — |
| 2006 | 163.07 million | +8.1% |
| 2007 | 228.18 million | +39.9% |
| 2008 | 178.51 million | -21.8% |
| 2009 | 170.29 million | -4.6% |
| 2010 | 180.45 million | +6.0% |
| 2011 | 231.36 million | +28.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 178.19 million | 150.87 million | 228.18 million | 5 |
| 2010s | 205.90 million | 180.45 million | 231.36 million | 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)
- 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 secondary income, credit/revenue in Faroe Islands?
- Secondary income, credit/revenue in Faroe Islands was 231.36 million in 2011, according to International Monetary Fund.
- What is the highest secondary income, credit/revenue recorded in Faroe Islands?
- The highest recorded value was 231.36 million in 2011.
- What is the lowest secondary income, credit/revenue recorded in Faroe Islands?
- The lowest recorded value was 150.87 million in 2005.
- How does Faroe Islands rank for secondary income, credit/revenue?
- Faroe Islands ranks 158th out of 198 countries with data for 2011.
- Is secondary income, credit/revenue rising or falling in Faroe Islands?
- Over the last ten years it is up 53.3%. 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 Secondary 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.