Faroe Islands - Current account balance
Current account balance (BoP, current US$)
The latest value for Current account balance (BoP, current US$) in Faroe Islands was $194,304,400 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $223,970,000 in 1998 and ($80,569,600) in 2007.
Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | $223,970,000 |
| 1999 | $176,080,000 |
| 2000 | $99,190,000 |
| 2001 | $146,200,000 |
| 2002 | $125,740,000 |
| 2003 | ($6,560,000) |
| 2004 | $129,705,700 |
| 2005 | $31,181,070 |
| 2006 | $21,240,460 |
| 2007 | ($80,569,600) |
| 2008 | ($30,578,900) |
| 2009 | ($24,635,500) |
| 2010 | $144,276,300 |
| 2011 | $194,304,400 |
Current account balance (% of GDP)
Current account balance (% of GDP) in Faroe Islands was 7.80 as of 2011. Its highest value over the past 13 years was 20.22 in 1998, while its lowest value was -3.52 in 2007.
Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1998 | 20.22 |
| 1999 | 15.72 |
| 2000 | 9.37 |
| 2001 | 12.74 |
| 2002 | 9.96 |
| 2003 | -0.44 |
| 2004 | 7.68 |
| 2005 | 1.80 |
| 2006 | 1.07 |
| 2007 | -3.52 |
| 2008 | -1.26 |
| 2009 | -1.09 |
| 2010 | 6.22 |
| 2011 | 7.80 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
