Remittances, annual growth rate in Faroe Islands
Faroe Islands: Remittances, annual growth rate was 0.6983 % change on previous year in 2011. ◆ Volatile
Remittances, annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2011, remittances, annual growth rate in Faroe Islands stood at 0.6983 % change on previous year.
The figure is down 82.1% on the previous year and up 104.2% over ten years.
Over the whole period, remittances, annual growth rate in Faroe Islands peaked at 59.87 % change on previous year in 2005 and was at its lowest, -16.44 % change on previous year, in 2001.
Faroe Islands ranks 78th of 189 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittances, annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 1.12 % change on previous year | — |
| 2000 | -9.25 % change on previous year | -927.8% |
| 2001 | -16.44 % change on previous year | +77.7% |
| 2002 | -7.35 % change on previous year | -55.3% |
| 2003 | -5.22 % change on previous year | -29.0% |
| 2004 | -3.43 % change on previous year | -34.3% |
| 2005 | 59.87 % change on previous year | -1847.4% |
| 2006 | -3.25 % change on previous year | -105.4% |
| 2007 | 5.75 % change on previous year | -276.9% |
| 2008 | 17.51 % change on previous year | +204.4% |
| 2009 | 10.17 % change on previous year | -41.9% |
| 2010 | 3.9 % change on previous year | -61.7% |
| 2011 | 0.6983 % change on previous year | -82.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.6983 % change on previous year is above the median for high income countries, which is -0.999 % change on previous year. (67 countries reporting)
- Faroe Islands's 0.6983 % change on previous year is above the median for Europe & Central Asia, which is -0.9484 % change on previous year. (50 countries reporting)
Biggest year-on-year movements
Years where Remittances, annual growth rate 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 | +1847.4% | -3.43 % change on previous year | 59.87 % change on previous year |
| 2000 | -927.8% | 1.12 % change on previous year | -9.25 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.12 % change on previous year | 1.12 % change on previous year | 1.12 % change on previous year | 1 |
| 2000s | 4.84 % change on previous year | -16.44 % change on previous year | 59.87 % change on previous year | 10 |
| 2010s | 2.3 % change on previous year | 0.6983 % change on previous year | 3.9 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 75 Andorra 1.46 % change on previous year
- 76 Saint Lucia 1.04 % change on previous year compare
- 77 Sierra Leone 0.7745 % change on previous year compare
- 79 Guinea-Bissau 0.4096 % change on previous year compare
- 80 Germany 0.0167 % change on previous year compare
- 81 French Polynesia -0.1463 % change on previous year 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 remittances, annual growth rate in Faroe Islands?
- Remittances, annual growth rate in Faroe Islands was 0.6983 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest remittances, annual growth rate recorded in Faroe Islands?
- The highest recorded value was 59.87 % change on previous year in 2005.
- What is the lowest remittances, annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -16.44 % change on previous year in 2001.
- How does Faroe Islands rank for remittances, annual growth rate?
- Faroe Islands ranks 78th out of 189 countries with data for 2011.
- Is remittances, annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 104.2%. 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 Remittances, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Remittances. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Remittances Our World in Data
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
The year-on-year percentage change in Remittances. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.