Services, Credit/Revenue in Faroe Islands
Faroe Islands: Services, Credit/Revenue was 206.81 million in 2011. β² Rising
Services, Credit/Revenue in Faroe Islands, 2005β2011
Source: International Monetary Fund.
Analysis
In 2011, services, credit/revenue in Faroe Islands stood at 206.81 million.
The figure is up 8.5% on the previous year and up 56.1% over ten years.
That places Faroe Islands 174th out of 198 countries with data for 2011, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 188.66 million | 132.51 million | 251.88 million | 5 |
| 2010s | 198.74 million | 190.68 million | 206.81 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)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Remittance inflows to GDP 0.0% (2019)
- Primary income balance (credit less debit), Net (credits less debits) 121.78 million (2011)
- 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 services, credit/revenue in Faroe Islands?
- Services, credit/revenue in Faroe Islands was 206.81 million in 2011, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Faroe Islands?
- The highest recorded value was 251.88 million in 2008.
- What is the lowest services, credit/revenue recorded in Faroe Islands?
- The lowest recorded value was 132.51 million in 2005.
- How does Faroe Islands rank for services, credit/revenue?
- Faroe Islands ranks 174th out of 198 countries with data for 2011.
- Is services, credit/revenue rising or falling in Faroe Islands?
- Over the last ten years it is up 56.1%. 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 Services, 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.