🇫🇴 Faroe Islands Current account balance
Faroe Islands Current account balance was $194.30M in 2011, up 34.7% from 2010, according to World Bank data. The 10-year average is $50.41M. Historical data available from 1998 to 2011 (14 data points). The all-time high was $223.97M in 1998.
Source: World Bank World Development Indicators • 1998–2011 • 14 data points • Economy & Growth
Latest Value
$194.30M
2011
Year-on-Year
+34.7%
vs 2010
10-Year Average
$50.41M
2002–2011
Range
High: $223.97M (1998)
Low: -80,569,603 (2007)
Faroe Islands Current account balance (BoP, current US$) — 1998 to 2011
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About this Indicator
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Historical Data Table
| Year | Value |
|---|---|
| 2011 | $194.30M |
| 2010 | $144.28M |
| 2009 | -24,635,505 |
| 2008 | -30,578,904 |
| 2007 | -80,569,603 |
| 2006 | $21.24M |
| 2005 | $31.18M |
| 2004 | $129.71M |
| 2003 | -6,560,000 |
| 2002 | $125.74M |
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<iframe src="https://nationstat.com/country/faroe-islands/current-account-balance-bop-current-us" width="800" height="500" frameborder="0"></iframe>Compare with Other Countries
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Related Indicators
Agriculture, forestry, and fishing, value added (constant 2015 US$)
403.2M
2015
Adjusted savings: carbon dioxide damage (current US$)
37.9M
2021
Adjusted savings: gross savings (% of GNI)
27.3
2011
Adjusted savings: carbon dioxide damage (% of GNI)
1.0
2021
Adjusted savings: energy depletion (current US$)
0.0
2021