Faroe Islands Balance of Payments: Current Account
Faroe Islands FO: BOP: Current Account: Balance
FO: BOP: Current Account: Balance data was reported at 194.304 USD mn in 2011. This records an increase from the previous number of 144.276 USD mn for 2010. FO: BOP: Current Account: Balance data is updated yearly, averaging 112.465 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 223.970 USD mn in 1998 and a record low of -80.570 USD mn in 2007. FO: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 194.30 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Balance from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Balance: % of GDP
FO: BOP: Current Account: Balance: % of GDP data was reported at 7.871 % in 2011. This records an increase from the previous number of 6.270 % for 2010. FO: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging 6.986 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 20.256 % in 1998 and a record low of -3.537 % in 2007. FO: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 7.87 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Balance: % of GDP from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Charges for the Use of Intellectual Property: Payments
FO: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data was reported at 9.077 USD mn in 2011. This records an increase from the previous number of 7.676 USD mn for 2010. FO: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data is updated yearly, averaging 3.423 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 9.563 USD mn in 2008 and a record low of 2.640 USD mn in 2000. FO: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 9.08 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Charges for the Use of Intellectual Property: Payments from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts
FO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data was reported at 1.183 USD mn in 2011. This records an increase from the previous number of 1.155 USD mn for 2010. FO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data is updated yearly, averaging 0.070 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.410 USD mn in 2009 and a record low of 0.010 USD mn in 2002. FO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1.18 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Goods
FO: BOP: Current Account: Exports: Goods data was reported at 1.006 USD bn in 2011. This records an increase from the previous number of 835.114 USD mn for 2010. FO: BOP: Current Account: Exports: Goods data is updated yearly, averaging 610.991 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.006 USD bn in 2011 and a record low of 442.170 USD mn in 1998. FO: BOP: Current Account: Exports: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Balance of Payments: Current Account. Goods exports refer to all movable goods (including nonmonetary gold and net exports of goods under merchanting) involved in a change of ownership from residents to nonresidents. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Merchanting is reclassified from services to goods.
| Last | Frequency | Range |
|---|---|---|
| 1,005.99 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Goods from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Goods and Services
FO: BOP: Current Account: Exports: Goods and Services data was reported at 1.213 USD bn in 2011. This records an increase from the previous number of 1.026 USD bn for 2010. FO: BOP: Current Account: Exports: Goods and Services data is updated yearly, averaging 720.397 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.213 USD bn in 2011 and a record low of 493.190 USD mn in 1998. FO: BOP: Current Account: Exports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1,212.80 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Goods and Services from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Goods, Services and Primary Income
FO: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 1.452 USD bn in 2011. This records an increase from the previous number of 1.236 USD bn for 2010. FO: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 845.508 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.452 USD bn in 2011 and a record low of 605.250 USD mn in 1998. FO: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1,451.52 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Goods, Services and Primary Income from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Service
FO: BOP: Current Account: Exports: Service data was reported at 206.807 USD mn in 2011. This records an increase from the previous number of 190.681 USD mn for 2010. FO: BOP: Current Account: Exports: Service data is updated yearly, averaging 109.406 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 251.881 USD mn in 2008 and a record low of 51.020 USD mn in 1998. FO: BOP: Current Account: Exports: Service data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Manufacturing services on physical inputs owned by others (goods for processing in BPM5) and maintenance and repair services n.i.e. are reclassified from goods to services.
| Last | Frequency | Range |
|---|---|---|
| 206.81 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Service from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports
FO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data was reported at 38.692 % in 2011. This records an increase from the previous number of 31.832 % for 2010. FO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data is updated yearly, averaging 15.213 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 38.692 % in 2011 and a record low of 11.866 % in 2003. FO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 38.69 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports
FO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data was reported at 0.778 % in 2011. This records an increase from the previous number of 0.732 % for 2010. FO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data is updated yearly, averaging 0.887 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 14.843 % in 2002 and a record low of 0.335 % in 2005. FO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 0.78 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Service: Transport: % of Service Exports
FO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data was reported at 40.595 % in 2011. This records a decrease from the previous number of 45.519 % for 2010. FO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data is updated yearly, averaging 41.645 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 59.457 % in 2008 and a record low of 33.751 % in 1998. FO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 40.59 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Service: Transport: % of Service Exports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Exports: Service: Travel: % of Service Exports
FO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 19.935 % in 2011. This records a decrease from the previous number of 21.917 % for 2010. FO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 30.927 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 46.354 % in 1998 and a record low of 19.935 % in 2011. FO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 19.94 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Exports: Service: Travel: % of Service Exports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Goods
FO: BOP: Current Account: Imports: Goods data was reported at 949.025 USD mn in 2011. This records an increase from the previous number of 744.694 USD mn for 2010. FO: BOP: Current Account: Imports: Goods data is updated yearly, averaging 681.222 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 970.729 USD mn in 2007 and a record low of 372.930 USD mn in 1998. FO: BOP: Current Account: Imports: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 949.03 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Goods from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Goods and Services
FO: BOP: Current Account: Imports: Goods and Services data was reported at 1.343 USD bn in 2011. This records an increase from the previous number of 1.111 USD bn for 2010. FO: BOP: Current Account: Imports: Goods and Services data is updated yearly, averaging 869.563 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.343 USD bn in 2011 and a record low of 463.630 USD mn in 1998. FO: BOP: Current Account: Imports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1,343.23 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Goods and Services from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Goods, Services and Primary Income
FO: BOP: Current Account: Imports: Goods, Services and Primary Income data was reported at 1.460 USD bn in 2011. This records an increase from the previous number of 1.237 USD bn for 2010. FO: BOP: Current Account: Imports: Goods, Services and Primary Income data is updated yearly, averaging 944.626 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 1.516 USD bn in 2008 and a record low of 547.240 USD mn in 1998. FO: BOP: Current Account: Imports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Imports of goods, services and primary income is the sum of goods imports, service imports and primary income payments. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1,460.17 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Goods, Services and Primary Income from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Service
FO: BOP: Current Account: Imports: Service data was reported at 394.203 USD mn in 2011. This records an increase from the previous number of 366.119 USD mn for 2010. FO: BOP: Current Account: Imports: Service data is updated yearly, averaging 195.439 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 394.203 USD mn in 2011 and a record low of 90.700 USD mn in 1998. FO: BOP: Current Account: Imports: Service data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Manufacturing services on physical inputs owned by others (goods for processing in BPM5) and maintenance and repair services n.i.e. are reclassified from goods to services.
| Last | Frequency | Range |
|---|---|---|
| 394.20 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Service from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports
FO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data was reported at 50.908 % in 2011. This records a decrease from the previous number of 56.827 % for 2010. FO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data is updated yearly, averaging 38.163 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 56.827 % in 2010 and a record low of 19.085 % in 1998. FO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 50.91 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports
FO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data was reported at 0.820 % in 2011. This records a decrease from the previous number of 1.494 % for 2010. FO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data is updated yearly, averaging 2.740 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 10.265 % in 1998 and a record low of 0.820 % in 2011. FO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 0.82 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Service: Transport: % of Service Imports
FO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data was reported at 23.833 % in 2011. This records an increase from the previous number of 21.865 % for 2010. FO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data is updated yearly, averaging 25.971 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 36.439 % in 1998 and a record low of 18.457 % in 2005. FO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 23.83 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Service: Transport: % of Service Imports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Imports: Service: Travel: % of Service Imports
FO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 24.439 % in 2011. This records an increase from the previous number of 19.813 % for 2010. FO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 32.374 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 38.761 % in 2003 and a record low of 19.813 % in 2010. FO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 24.44 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Imports: Service: Travel: % of Service Imports from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Net Trade: Goods
FO: BOP: Current Account: Net Trade: Goods data was reported at 56.966 USD mn in 2011. This records a decrease from the previous number of 90.420 USD mn for 2010. FO: BOP: Current Account: Net Trade: Goods data is updated yearly, averaging 11.620 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 90.420 USD mn in 2010 and a record low of -225.551 USD mn in 2007. FO: BOP: Current Account: Net Trade: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Net trade in goods is the difference between exports and imports of goods. Trade in services is not included. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 56.97 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Net Trade: Goods from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Net Trade: Goods and Services
FO: BOP: Current Account: Net Trade: Goods and Services data was reported at -130.430 USD mn in 2011. This records a decrease from the previous number of -85.019 USD mn for 2010. FO: BOP: Current Account: Net Trade: Goods and Services data is updated yearly, averaging -107.725 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 29.560 USD mn in 1998 and a record low of -370.322 USD mn in 2007. FO: BOP: Current Account: Net Trade: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| -130.43 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Net Trade: Goods and Services from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Personal Remittances: Paid
FO: BOP: Current Account: Personal Remittances: Paid data was reported at 34.404 USD mn in 2011. This records an increase from the previous number of 31.029 USD mn for 2010. FO: BOP: Current Account: Personal Remittances: Paid data is updated yearly, averaging 15.873 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 41.018 USD mn in 2008 and a record low of 5.110 USD mn in 2003. FO: BOP: Current Account: Personal Remittances: Paid data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 34.40 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Personal Remittances: Paid from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Personal Remittances: Received
FO: BOP: Current Account: Personal Remittances: Received data was reported at 167.644 USD mn in 2017. This records an increase from the previous number of 158.412 USD mn for 2016. FO: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 122.874 USD mn from Dec 1998 to 2017, with 20 observations. The data reached an all-time high of 167.644 USD mn in 2017 and a record low of 39.040 USD mn in 2001. FO: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 158.41 2016 | yearly | 1998 - 2016 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Personal Remittances: Received from 1998 to 2016 in the chart:
Faroe Islands FO: BOP: Current Account: Personal Remittances: Received: % of GDP
FO: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 6.396 % in 2015. This records an increase from the previous number of 5.636 % for 2014. FO: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 4.715 % from Dec 1998 to 2015, with 18 observations. The data reached an all-time high of 6.722 % in 2012 and a record low of 2.923 % in 2004. FO: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.; ; World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.; Weighted Average; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 6.40 2015 | yearly | 1998 - 2015 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Personal Remittances: Received: % of GDP from 1998 to 2015 in the chart:
Faroe Islands FO: BOP: Current Account: Primary Income: Net
FO: BOP: Current Account: Primary Income: Net data was reported at 121.779 USD mn in 2011. This records an increase from the previous number of 83.237 USD mn for 2010. FO: BOP: Current Account: Primary Income: Net data is updated yearly, averaging 37.202 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 121.779 USD mn in 2011 and a record low of -7.815 USD mn in 2009. FO: BOP: Current Account: Primary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 121.78 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Primary Income: Net from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Primary Income: Payments
FO: BOP: Current Account: Primary Income: Payments data was reported at 116.938 USD mn in 2011. This records a decrease from the previous number of 126.517 USD mn for 2010. FO: BOP: Current Account: Primary Income: Payments data is updated yearly, averaging 81.135 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 192.499 USD mn in 2008 and a record low of 38.603 USD mn in 2004. FO: BOP: Current Account: Primary Income: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 116.94 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Primary Income: Payments from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Primary Income: Receipts
FO: BOP: Current Account: Primary Income: Receipts data was reported at 238.717 USD mn in 2011. This records an increase from the previous number of 209.754 USD mn for 2010. FO: BOP: Current Account: Primary Income: Receipts data is updated yearly, averaging 129.664 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 238.717 USD mn in 2011 and a record low of 90.610 USD mn in 2001. FO: BOP: Current Account: Primary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 238.72 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Primary Income: Receipts from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Secondary Income: Net
FO: BOP: Current Account: Secondary Income: Net data was reported at 202.955 USD mn in 2011. This records an increase from the previous number of 146.058 USD mn for 2010. FO: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging 144.364 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 202.955 USD mn in 2011 and a record low of 102.090 USD mn in 2002. FO: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 202.96 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Secondary Income: Net from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Secondary Income: Other Sectors: Payments
FO: BOP: Current Account: Secondary Income: Other Sectors: Payments data was reported at 24.200 USD mn in 2011. This records a decrease from the previous number of 31.748 USD mn for 2010. FO: BOP: Current Account: Secondary Income: Other Sectors: Payments data is updated yearly, averaging 17.061 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 31.748 USD mn in 2010 and a record low of 2.030 USD mn in 2000. FO: BOP: Current Account: Secondary Income: Other Sectors: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 24.20 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Secondary Income: Other Sectors: Payments from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Secondary Income: Receipts
FO: BOP: Current Account: Secondary Income: Receipts data was reported at 231.356 USD mn in 2011. This records an increase from the previous number of 180.448 USD mn for 2010. FO: BOP: Current Account: Secondary Income: Receipts data is updated yearly, averaging 164.448 USD mn from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 231.356 USD mn in 2011 and a record low of 109.160 USD mn in 2002. FO: BOP: Current Account: Secondary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 231.36 2011 | yearly | 1998 - 2011 |
View Faroe Islands's Faroe Islands FO: BOP: Current Account: Secondary Income: Receipts from 1998 to 2011 in the chart:
Faroe Islands FO: BOP: Current Account: Trade in Services: % of GDP
FO: BOP: Current Account: Trade in Services: % of GDP data was reported at 24.345 % in 2011. This records an increase from the previous number of 24.196 % for 2010. FO: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 18.481 % from Dec 1998 to 2011, with 14 observations. The data reached an all-time high of 26.261 % in 2008 and a record low of 12.817 % in 1998. FO: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 24.34 2011 | yearly | 1998 - 2011 |