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
Personal remittances and foreign aid received, per capita in Faroe Islands, 1998–2011
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
| 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 3,263 current US$ per person is above the median for high income countries, which is 225.68 current US$ per person, 14.5× the median. (67 countries reporting)
- Faroe Islands's 3,263 current US$ per person is above the median for Europe & Central Asia, which is 369.2 current US$ per person, 8.8× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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 Bermuda 25,610 current US$ per person compare
- 2 Luxembourg 3,830 current US$ per person compare
- 4 New Caledonia 2,191 current US$ per person compare
- 5 French Polynesia 2,083 current US$ per person compare
- 6 Tonga 2,044 current US$ per person compare
More reference data data for Faroe Islands
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Crop Residues 0.015 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 6.33 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 21.86 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 22.95 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1.09 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 0.7808 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 0.8196 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 0.0388 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 0.029 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 8.43 (2050)
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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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
- Personal remittances oda Our World in Data
- Population, total World Population Prospects, United Nations (UN)
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
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.