Faroe Islands - Net current transfers from abroad
Net current transfers from abroad (current US$)
The latest value for Net current transfers from abroad (current US$) in Faroe Islands was $142,246,700 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $207,285,500 in 2007 and $94,797,780 in 2002.
Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $161,324,000 |
| 1999 | $157,922,700 |
| 2000 | $142,024,700 |
| 2001 | $135,495,300 |
| 2002 | $94,797,780 |
| 2003 | $113,484,200 |
| 2004 | $128,507,300 |
| 2005 | $135,936,900 |
| 2006 | $148,113,300 |
| 2007 | $207,285,500 |
| 2008 | $153,841,600 |
| 2009 | $140,815,900 |
| 2010 | $150,993,000 |
| 2011 | $190,921,500 |
| 2012 | $134,121,700 |
| 2013 | $146,039,200 |
| 2014 | $146,654,800 |
| 2015 | $128,019,100 |
| 2016 | $125,674,000 |
| 2017 | $177,391,800 |
| 2018 | $139,454,600 |
| 2019 | $142,246,700 |
Net current transfers from abroad (current LCU)
The value for Net current transfers from abroad (current LCU) in Faroe Islands was 948,700,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 1,171,300,000 in 2017 and a minimum value of 747,600,000 in 2003.
Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 1,081,000,000 |
| 1999 | 1,101,700,000 |
| 2000 | 1,148,000,000 |
| 2001 | 1,127,700,000 |
| 2002 | 748,400,000 |
| 2003 | 747,600,000 |
| 2004 | 769,900,000 |
| 2005 | 815,200,000 |
| 2006 | 880,800,000 |
| 2007 | 1,128,400,000 |
| 2008 | 784,300,000 |
| 2009 | 754,900,000 |
| 2010 | 849,200,000 |
| 2011 | 1,025,000,000 |
| 2012 | 776,900,000 |
| 2013 | 820,200,000 |
| 2014 | 823,100,000 |
| 2015 | 861,300,000 |
| 2016 | 846,000,000 |
| 2017 | 1,171,300,000 |
| 2018 | 880,600,000 |
| 2019 | 948,700,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
