How does Faroe Islands rank for personal remittances and foreign aid received, per unit of gdp?

Faroe Islands ranks 50th out of 192 countries with data for 2011.

Is personal remittances and foreign aid received, per unit of gdp rising or falling in Faroe Islands?

Over the last ten years it is up 87.9%. The long-run trend across the full record is rising.

Personal remittances and foreign aid received, per unit of GDP in Faroe Islands

Name: Personal remittances and foreign aid received, per unit of GDP in Faroe Islands
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Faroe Islands: Personal remittances and foreign aid received, per unit of GDP was 0.0632 current US$ per US$ of GDP in 2011. ▲ Rising

Latest (2011)

0.0632 current US$ per US$ of GDP

Change on year

up 0.7%

World rank

50th

of 192 countries

All-time high

0.0632 current US$ per US$ of GDP

in 2011

All-time low

0.0285 current US$ per US$ of GDP

in 2004

Years of data

1998–2011

Personal remittances and foreign aid received, per unit of GDP in Faroe Islands, 1998–2011

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

Analysis

In 2011, personal remittances and foreign aid received, per unit of gdp in Faroe Islands stood at 0.0632 current US$ per US$ of GDP. That is the highest value across all 14 years on record.

That represents a change of up 0.7% on the previous year and up 87.9% over ten years.

Over the whole period, personal remittances and foreign aid received, per unit of gdp in Faroe Islands peaked at 0.0632 current US$ per US$ of GDP in 2011 and was at its lowest, 0.0285 current US$ per US$ of GDP, in 2004.

Faroe Islands ranks 50th of 192 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 14 years of available data.

Personal remittances and foreign aid received, per unit of GDP in Faroe Islands, year by year

Annual values for Personal remittances and foreign aid received, per unit of GDP in Faroe Islands, 1998 to 2011.
Year	current US$ per US$ of GDP	Change
1998	0.0439 current US$ per US$ of GDP	—
1999	0.0444 current US$ per US$ of GDP	+1.1%
2000	0.0403 current US$ per US$ of GDP	-9.3%
2001	0.0336 current US$ per US$ of GDP	-16.4%
2002	0.0312 current US$ per US$ of GDP	-7.3%
2003	0.0295 current US$ per US$ of GDP	-5.2%
2004	0.0285 current US$ per US$ of GDP	-3.4%
2005	0.0456 current US$ per US$ of GDP	+59.9%
2006	0.0441 current US$ per US$ of GDP	-3.3%
2007	0.0467 current US$ per US$ of GDP	+5.8%
2008	0.0549 current US$ per US$ of GDP	+17.5%
2009	0.0604 current US$ per US$ of GDP	+10.2%
2010	0.0628 current US$ per US$ of GDP	+3.9%
2011	0.0632 current US$ per US$ of GDP	+0.7%

Biggest year-on-year movements

Years where Personal remittances and foreign aid received, 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.

Year	Change	From	To
2005	+59.9%	0.0285 current US$ per US$ of GDP	0.0456 current US$ per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1990s	0.0441 current US$ per US$ of GDP	0.0439 current US$ per US$ of GDP	0.0444 current US$ per US$ of GDP	2
2000s	0.0415 current US$ per US$ of GDP	0.0285 current US$ per US$ of GDP	0.0604 current US$ per US$ of GDP	10
2010s	0.063 current US$ per US$ of GDP	0.0628 current US$ per US$ of GDP	0.0632 current US$ per US$ of GDP	2

Countries ranked near Faroe Islands

47 Serbia 0.0695 current US$ per US$ of GDP compare
48 Cambodia 0.069 current US$ per US$ of GDP compare
49 Guyana 0.0688 current US$ per US$ of GDP compare
51 Tunisia 0.063 current US$ per US$ of GDP compare
52 Sri Lanka 0.0624 current US$ per US$ of GDP compare
53 Zimbabwe 0.0623 current US$ per US$ of GDP compare

See the full ranking of 192 places →

More reference data data for Faroe Islands

Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 22.95 (2050)
Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 1.83 (2050)
Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 1.34 (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 (CH4) - Enteric Fermentation 0.7808 (2050)
Emission Totals - Emissions (CH4) - Manure Management 0.0388 (2050)
Emission Totals - Emissions (CH4) - IPCC Agriculture 0.8196 (2050)
Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 31.38 (2050)
Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1.09 (2050)

All data for Faroe Islands →

Frequently asked questions

What is personal remittances and foreign aid received, per unit of gdp in Faroe Islands?: Personal remittances and foreign aid received, per unit of gdp in Faroe Islands was 0.0632 current US$ per US$ of GDP in 2011, according to Statizoid (derived).
What is the highest personal remittances and foreign aid received, per unit of gdp recorded in Faroe Islands?: The highest recorded value was 0.0632 current US$ per US$ of GDP in 2011.
What is the lowest personal remittances and foreign aid received, per unit of gdp recorded in Faroe Islands?: The lowest recorded value was 0.0285 current US$ per US$ of GDP in 2004.
How does Faroe Islands rank for personal remittances and foreign aid received, per unit of gdp?: Faroe Islands ranks 50th out of 192 countries with data for 2011.
Is personal remittances and foreign aid received, per unit of gdp rising or falling in Faroe Islands?: Over the last ten years it is up 87.9%. The long-run trend across the full record is rising.
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 unit of GDP. Statizoid updates them automatically from the source API.

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Personal remittances and foreign aid received, per unit of GDP 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-unit-of-gdp/faroe-islands/

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How this figure is calculated

Personal remittances and foreign aid received divided by GDP (current US$), 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 ÷ GDP (current US$)

Computed from

Personal remittances and foreign aid received World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data
GDP Country official statistics, National Statistical Organizations and/or Central Banks

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 unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 192 places, 6,489 data points, 1970–2021
Last refreshed: 21 September 2026

Personal remittances and foreign aid received divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.