Faroe Islands | Personal remittances, received (% of GDP)

Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Personal remittances, received (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998 4.38834605
1999 4.43741006
2000 4.02676565
2001 3.36473926
2002 3.11741799
2003 2.95484196
2004 2.8535905
2005 4.5621696
2006 4.41376131
2007 4.66768938
2008 5.4850013
2009 6.04257402
2010 6.27811245
2011 6.3219531
2012 6.52652128
2013 5.8886707
2014 5.43620661
2015 6.15452747
2016 5.63085842
2017 5.31572819
2018 4.96806448
2019 4.84968658
2020 4.85620852
2021 4.33403499
2022 4.45486152

Faroe Islands | Personal remittances, received (% of GDP)

Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source