Remittances in Faroe Islands
Faroe Islands: Remittances was 6.32 in 2011. ▲ Rising
Remittances in Faroe Islands, 1998–2011
Source: Our World in Data.
Analysis
The most recent figure for remittances in Faroe Islands is 6.32, measured in 2011. 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, remittances in Faroe Islands peaked at 6.32 in 2011 and was at its lowest, 2.85, in 2004.
Faroe Islands ranks 53rd of 194 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.
Remittances in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 4.39 | — |
| 1999 | 4.44 | +1.1% |
| 2000 | 4.03 | -9.3% |
| 2001 | 3.36 | -16.4% |
| 2002 | 3.12 | -7.4% |
| 2003 | 2.95 | -5.2% |
| 2004 | 2.85 | -3.4% |
| 2005 | 4.56 | +59.9% |
| 2006 | 4.41 | -3.3% |
| 2007 | 4.67 | +5.8% |
| 2008 | 5.49 | +17.5% |
| 2009 | 6.04 | +10.2% |
| 2010 | 6.28 | +3.9% |
| 2011 | 6.32 | +0.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.32 is above the median for high income countries, which is 0.7013, 9.0× the median. (69 countries reporting)
- Faroe Islands's 6.32 is above the median for Europe & Central Asia, which is 1.4, 4.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Remittances 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% | 2.85 | 4.56 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.41 | 4.39 | 4.44 | 2 |
| 2000s | 4.15 | 2.85 | 6.04 | 10 |
| 2010s | 6.3 | 6.28 | 6.32 | 2 |
Countries ranked near Faroe Islands
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 in Faroe Islands?
- Remittances in Faroe Islands was 6.32 in 2011, according to Our World in Data.
- What is the highest remittances recorded in Faroe Islands?
- The highest recorded value was 6.32 in 2011.
- What is the lowest remittances recorded in Faroe Islands?
- The lowest recorded value was 2.85 in 2004.
- How does Faroe Islands rank for remittances?
- Faroe Islands ranks 53rd out of 194 countries with data for 2011.
- Is remittances 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 Our World in Data, published as part of Remittances. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).