Personal remittances and foreign aid received, per capita in Faroe Islands

Faroe Islands: Personal remittances and foreign aid received, per capita was 3,263 current US$ per person in 2011. ◆ Volatile

Latest (2011)
3,263 current US$ per person
Change on year
up 8.5%
World rank
3rd
of 193 countries
All-time high
3,263 current US$ per person
in 2011
All-time low
837.14 current US$ per person
in 2001
Years of data
14
1998–2011

Personal remittances and foreign aid received, per capita in Faroe Islands, 1998–2011

1.0k1.5k2.0k2.5k3.0k3.5k1998200420111998: 1.1k current US$ per person1999: 1.1k current US$ per person2000: 939.2 current US$ per person2001: 837.1 current US$ per person2002: 839.8 current US$ per person2003: 924 current US$ per person2004: 1.0k current US$ per person2005: 1.7k current US$ per person2006: 1.8k current US$ per person2007: 2.3k current US$ per person2008: 2.8k current US$ per person2009: 2.8k current US$ per person2010: 3.0k current US$ per person2011: 3.3k current US$ per person

Source: Statizoid (derived). Measured in current US$ per person.

Analysis

In 2011, personal remittances and foreign aid received, per capita in Faroe Islands stood at 3,263 current US$ per person. That is the highest value across all 14 years on record.

That represents a change of up 8.5% on the previous year and up 289.8% over ten years.

Over the whole period, personal remittances and foreign aid received, per capita in Faroe Islands peaked at 3,263 current US$ per person in 2011 and was at its lowest, 837.14 current US$ per person, in 2001.

That places Faroe Islands 3rd out of 193 countries with data for 2011, putting it in the top 10%.

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

Personal remittances and foreign aid received, per capita in Faroe Islands, year by year

Annual values for Personal remittances and foreign aid received, per capita in Faroe Islands, 1998 to 2011.
Year current US$ per person Change
1998 1,085 current US$ per person
1999 1,108 current US$ per person +2.1%
2000 939.15 current US$ per person -15.3%
2001 837.14 current US$ per person -10.9%
2002 839.76 current US$ per person +0.3%
2003 923.97 current US$ per person +10.0%
2004 1,017 current US$ per person +10.1%
2005 1,660 current US$ per person +63.2%
2006 1,842 current US$ per person +11.0%
2007 2,257 current US$ per person +22.5%
2008 2,813 current US$ per person +24.7%
2009 2,844 current US$ per person +1.1%
2010 3,009 current US$ per person +5.8%
2011 3,263 current US$ per person +8.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 1,097 current US$ per person 1,085 current US$ per person 1,108 current US$ per person 2
2000s 1,597 current US$ per person 837.14 current US$ per person 2,844 current US$ per person 10
2010s 3,136 current US$ per person 3,009 current US$ per person 3,263 current US$ per person 2

Countries ranked near Faroe Islands

  1. 1 Bermuda 25,610 current US$ per person compare
  2. 2 Luxembourg 3,830 current US$ per person compare
  3. 4 New Caledonia 2,191 current US$ per person compare
  4. 5 French Polynesia 2,083 current US$ per person compare
  5. 6 Tonga 2,044 current US$ per person compare

See the full ranking of 193 places →

More reference data data for Faroe Islands

All data for Faroe Islands →

Frequently asked questions

What is personal remittances and foreign aid received, per capita in Faroe Islands?
Personal remittances and foreign aid received, per capita in Faroe Islands was 3,263 current US$ per person in 2011, according to Statizoid (derived).
What is the highest personal remittances and foreign aid received, per capita recorded in Faroe Islands?
The highest recorded value was 3,263 current US$ per person in 2011.
What is the lowest personal remittances and foreign aid received, per capita recorded in Faroe Islands?
The lowest recorded value was 837.14 current US$ per person in 2001.
How does Faroe Islands rank for personal remittances and foreign aid received, per capita?
Faroe Islands ranks 3rd out of 193 countries with data for 2011.
Is personal remittances and foreign aid received, per capita rising or falling in Faroe Islands?
Over the last ten years it is up 289.8%. 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 Personal remittances and foreign aid received, per capita. Statizoid updates them automatically from the source API.

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Personal remittances and foreign aid received, per capita in Faroe Islands. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/personal-remittances-and-foreign-aid-received-per-capita/faroe-islands/

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How this figure is calculated

Personal remittances and foreign aid received divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Personal remittances and foreign aid received ÷ Population, total

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
Personal remittances and foreign aid received, per capita
Unit
current US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
193 places, 6,518 data points, 1970–2021
Last refreshed

Personal remittances and foreign aid received divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.