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$, in 2001.
Faroe Islands ranks 146th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances and foreign aid received in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 48.48 million current US$ | — |
| 1999 | 50.04 million current US$ | +3.2% |
| 2000 | 42.97 million current US$ | -14.1% |
| 2001 | 39.04 million current US$ | -9.1% |
| 2002 | 39.75 million current US$ | +1.8% |
| 2003 | 44.38 million current US$ | +11.6% |
| 2004 | 49.22 million current US$ | +10.9% |
| 2005 | 80.28 million current US$ | +63.1% |
| 2006 | 89.06 million current US$ | +10.9% |
| 2007 | 109.18 million current US$ | +22.6% |
| 2008 | 136.57 million current US$ | +25.1% |
| 2009 | 138.74 million current US$ | +1.6% |
| 2010 | 146.39 million current US$ | +5.5% |
| 2011 | 158.41 million current US$ | +8.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 158.41 million current US$ is below the median for high income countries, which is 688.87 million current US$, 23% of the median. (67 countries reporting)
- Faroe Islands's 158.41 million current US$ is below the median for Europe & Central Asia, which is 2.43 billion current US$, 7% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.26 million current US$ | 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
More reference data data for Faroe Islands
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 0.7467 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Crop Residues 0.015 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 31.38 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 21.86 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure left on 6.33 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 8.43 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0051 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 0.015 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Agricultural 7.68 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 1.34 (2050)
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$.