Total current account credit/revenue, Credit/Revenue in Faroe Islands
Faroe Islands: Total current account credit/revenue, Credit/Revenue was 1.68 billion in 2011. ▲ Rising
Total current account credit/revenue, Credit/Revenue in Faroe Islands, 2005–2011
Source: International Monetary Fund.
Analysis
In 2011, total current account credit/revenue, credit/revenue in Faroe Islands stood at 1.68 billion. That is the highest value across all 7 years on record.
The figure is up 18.8% on the previous year and up 63.0% over ten years.
Faroe Islands ranks 171st of 197 countries on this measure, in the bottom quarter.
Total current account credit/revenue, Credit/Revenue in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.03 billion | — |
| 2006 | 1.17 billion | +13.1% |
| 2007 | 1.41 billion | +20.8% |
| 2008 | 1.51 billion | +7.3% |
| 2009 | 1.27 billion | -16.5% |
| 2010 | 1.42 billion | +11.9% |
| 2011 | 1.68 billion | +18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.28 billion | 1.03 billion | 1.51 billion | 5 |
| 2010s | 1.55 billion | 1.42 billion | 1.68 billion | 2 |
Countries ranked near Faroe Islands
- 168 Saint Lucia 1.74 billion compare
- 169 Cape Verde 1.73 billion compare
- 170 Sierra Leone 1.71 billion compare
- 172 Sint Maarten (Dutch part) 1.65 billion
- 173 Gambia 1.49 billion compare
- 174 Antigua and Barbuda 1.39 billion 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)
- 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 total current account credit/revenue, credit/revenue in Faroe Islands?
- Total current account credit/revenue, credit/revenue in Faroe Islands was 1.68 billion in 2011, according to International Monetary Fund.
- What is the highest total current account credit/revenue, credit/revenue recorded in Faroe Islands?
- The highest recorded value was 1.68 billion in 2011.
- What is the lowest total current account credit/revenue, credit/revenue recorded in Faroe Islands?
- The lowest recorded value was 1.03 billion in 2005.
- How does Faroe Islands rank for total current account credit/revenue, credit/revenue?
- Faroe Islands ranks 171st out of 197 countries with data for 2011.
- Is total current account credit/revenue, credit/revenue rising or falling in Faroe Islands?
- Over the last ten years it is up 63.0%. 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 Total current account credit/revenue, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 7 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.