Personal remittances and foreign aid received in Faroe Islands
Faroe Islands: Personal remittances and foreign aid received was 158.41 million current US$ in 2011. ◆ Volatile
Personal remittances and foreign aid received in Faroe Islands, 1998–2011
Source: World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data. Measured in current US$.
Analysis
In 2011, personal remittances and foreign aid received in Faroe Islands stood at 158.41 million current US$. That is the highest value across all 14 years on record.
The figure is up 8.2% on the previous year and up 305.8% over ten years.
Over the whole period, personal remittances and foreign aid received in Faroe Islands peaked at 158.41 million current US$ in 2011 and was at its lowest, 39.04 million current US$, in 2001.
Faroe Islands ranks 146th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.26 million current US$ | 48.48 million current US$ | 50.04 million current US$ | 2 |
| 2000s | 76.92 million current US$ | 39.04 million current US$ | 138.74 million current US$ | 10 |
| 2010s | 152.40 million current US$ | 146.39 million current US$ | 158.41 million current US$ | 2 |
Countries ranked near Faroe Islands
- 143 Sierra Leone 183.79 million current US$ compare
- 145 Burundi 168.00 million current US$ compare
- 147 East Timor 150.04 million current US$ compare
- 148 Suriname 147.62 million current US$ compare
- 149 Curacao 141.92 million current US$ compare
More reference data data for Faroe Islands
- Summer temperature anomalies 1.13 °C (2026)
- Temperature anomalies by month -0.3816 °C (2026)
- Spring temperature anomalies 1.25 °C (2026)
- Autumn temperature anomalies 1.45 °C (2025)
- Precipitation anomalies -14.26 millimeters (2025)
- Annual precipitation 1,056 millimeters (2025)
- Winter temperature anomalies 2.45 °C (2025)
- Share of men expected to survive to the age of 65 88.4% (2024)
- Share of men and women expected to survive to the age of 65 93.2% (2024)
- Milk production 7,243 tonnes (2024)
Frequently asked questions
- What is personal remittances and foreign aid received in Faroe Islands?
- Personal remittances and foreign aid received in Faroe Islands was 158.41 million current US$ in 2011, according to World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data.
- What is the highest personal remittances and foreign aid received recorded in Faroe Islands?
- The highest recorded value was 158.41 million current US$ in 2011.
- What is the lowest personal remittances and foreign aid received recorded in Faroe Islands?
- The lowest recorded value was 39.04 million current US$ in 2001.
- How does Faroe Islands rank for personal remittances and foreign aid received?
- Faroe Islands ranks 146th out of 193 countries with data for 2011.
- Is personal remittances and foreign aid received rising or falling in Faroe Islands?
- Over the last ten years it is up 305.8%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data, published as part of Personal remittances and foreign aid received. Statizoid updates them automatically from the source API.
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About this data
Remittances are financial transfers from non-residents to residents of a country, such as a worker abroad sending money to family and friends. Foreign aid is measured as official development assistance. Both are measured in current US$.