Statizoid

28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands

Faroe Islands: 28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP was 0.0579 units per US$ of GDP in 2024. ◆ Volatile

Latest (2024)
0.0579 units per US$ of GDP
Change on year
down 5.7%
World rank
77th
of 204 countries
All-time high
0.1549 units per US$ of GDP
in 2017
All-time low
0 units per US$ of GDP
in 1995
Years of data
30
1995–2024

28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands, 1995–2024

00.050.10.151995200920241995: 0 units per US$ of GDP1996: 0 units per US$ of GDP1997: 0 units per US$ of GDP1998: 0 units per US$ of GDP1999: 0.004 units per US$ of GDP2000: 0.006 units per US$ of GDP2001: 0.002 units per US$ of GDP2002: 0.011 units per US$ of GDP2003: 0.009 units per US$ of GDP2004: 0.008 units per US$ of GDP2005: 0.049 units per US$ of GDP2006: 0.018 units per US$ of GDP2007: 0.021 units per US$ of GDP2008: 0.03 units per US$ of GDP2009: 0.03 units per US$ of GDP2010: 0.028 units per US$ of GDP2011: 0.069 units per US$ of GDP2012: 0.03 units per US$ of GDP2013: 0.039 units per US$ of GDP2014: 0.038 units per US$ of GDP2015: 0.036 units per US$ of GDP2016: 0.045 units per US$ of GDP2017: 0.155 units per US$ of GDP2018: 0.063 units per US$ of GDP2019: 0.038 units per US$ of GDP2020: 0.054 units per US$ of GDP2021: 0.04 units per US$ of GDP2022: 0.051 units per US$ of GDP2023: 0.061 units per US$ of GDP2024: 0.058 units per US$ of GDP

Source: Statizoid (derived). Measured in units per US$ of GDP.

Analysis

Faroe Islands recorded 0.0579 units per US$ of GDP for 28_cross-border dep. with bis banks, nonbanks, per unit of gdp in 2024.

That represents a change of down 5.7% on the previous year and up 51.8% over ten years.

Over the whole period, 28_cross-border dep. with bis banks, nonbanks, per unit of gdp in Faroe Islands peaked at 0.1549 units per US$ of GDP in 2017 and was at its lowest, 0 units per US$ of GDP, in 1995.

That places Faroe Islands 77th out of 204 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands, year by year

Year units per US$ of GDP Change
1995 0 units per US$ of GDP —
1996 0 units per US$ of GDP —
1997 0 units per US$ of GDP —
1998 0 units per US$ of GDP —
1999 0.0044 units per US$ of GDP —
2000 0.0056 units per US$ of GDP +26.8%
2001 0.0017 units per US$ of GDP -69.3%
2002 0.011 units per US$ of GDP +537.0%
2003 0.0093 units per US$ of GDP -15.1%
2004 0.0081 units per US$ of GDP -12.9%
2005 0.0494 units per US$ of GDP +509.1%
2006 0.0183 units per US$ of GDP -62.9%
2007 0.0205 units per US$ of GDP +11.9%
2008 0.0301 units per US$ of GDP +46.8%
2009 0.0301 units per US$ of GDP -0.2%
2010 0.0279 units per US$ of GDP -7.2%
2011 0.069 units per US$ of GDP +147.7%
2012 0.0301 units per US$ of GDP -56.4%
2013 0.0391 units per US$ of GDP +30.0%
2014 0.0382 units per US$ of GDP -2.4%
2015 0.0363 units per US$ of GDP -4.8%
2016 0.0449 units per US$ of GDP +23.6%
2017 0.1549 units per US$ of GDP +244.7%
2018 0.0628 units per US$ of GDP -59.4%
2019 0.0381 units per US$ of GDP -39.3%
2020 0.0541 units per US$ of GDP +41.8%
2021 0.0401 units per US$ of GDP -25.8%
2022 0.0511 units per US$ of GDP +27.5%
2023 0.0614 units per US$ of GDP +20.1%
2024 0.0579 units per US$ of GDP -5.7%

Faroe Islands compared with similar countries

  • Faroe Islands's 0.0579 units per US$ of GDP is below the median for high income countries, which is 0.0811 units per US$ of GDP, 71% of the median. (77 countries reporting)
  • Faroe Islands's 0.0579 units per US$ of GDP is above the median for Europe & Central Asia, which is 0.0477 units per US$ of GDP, 1.2× the median. (55 countries reporting)

Biggest year-on-year movements

Years where 28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2002 +537.0% 0.0017 units per US$ of GDP 0.011 units per US$ of GDP
2005 +509.1% 0.0081 units per US$ of GDP 0.0494 units per US$ of GDP

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.0009 units per US$ of GDP 0 units per US$ of GDP 0.0044 units per US$ of GDP 5
2000s 0.0184 units per US$ of GDP 0.0017 units per US$ of GDP 0.0494 units per US$ of GDP 10
2010s 0.0541 units per US$ of GDP 0.0279 units per US$ of GDP 0.1549 units per US$ of GDP 10
2020s 0.0529 units per US$ of GDP 0.0401 units per US$ of GDP 0.0614 units per US$ of GDP 5

Countries ranked near Faroe Islands

  1. 74 Sweden 0.0629 units per US$ of GDP compare
  2. 75 Guinea 0.061 units per US$ of GDP compare
  3. 76 France 0.061 units per US$ of GDP compare
  4. 78 Portugal 0.0575 units per US$ of GDP compare
  5. 79 Canada 0.0541 units per US$ of GDP compare
  6. 80 Estonia 0.0536 units per US$ of GDP compare

See the full ranking of 204 places →

More reference data data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is 28_cross-border dep. with bis banks, nonbanks, per unit of gdp in Faroe Islands?
28_cross-border dep. with bis banks, nonbanks, per unit of gdp in Faroe Islands was 0.0579 units per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest 28_cross-border dep. with bis banks, nonbanks, per unit of gdp recorded in Faroe Islands?
The highest recorded value was 0.1549 units per US$ of GDP in 2017.
What is the lowest 28_cross-border dep. with bis banks, nonbanks, per unit of gdp recorded in Faroe Islands?
The lowest recorded value was 0 units per US$ of GDP in 1995.
How does Faroe Islands rank for 28_cross-border dep. with bis banks, nonbanks, per unit of gdp?
Faroe Islands ranks 77th out of 204 countries with data for 2024.
Is 28_cross-border dep. with bis banks, nonbanks, per unit of gdp rising or falling in Faroe Islands?
Over the last ten years it is up 51.8%. The long-run trend across the full record is volatile.
Where does this Faroe Islands data come from?
The figures come from Statizoid (derived), published as part of 28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.

Share, cite or embed this page

Cite this page

28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/28-cross-border-dep-with-bis-banks-nonbanks-per-unit-of-gdp/faroe-islands/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under Derived by Statizoid from the sources named on the page; please keep the attribution.

<a href="https://reference.statizoid.com/stat/28-cross-border-dep-with-bis-banks-nonbanks-per-unit-of-gdp/faroe-islands/">28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP in Faroe Islands</a> — Statizoid

How this figure is calculated

28_Cross-border dep. with BIS banks, nonbanks divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

28_Cross-border dep. with BIS banks, nonbanks ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
28_Cross-border dep. with BIS banks, nonbanks, per unit of GDP
Unit
units per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
204 places, 6,138 data points, 1995–2025
Last refreshed

28_Cross-border dep. with BIS banks, nonbanks divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.