Personal remittances received in Faroe Islands

Personal remittances received by Faroe Islands were equal to 6.3% of GDP in 2011. The value for 2011 is the highest in the series, which starts in 1998.

Measure: Personal remittances received Unit: % of GDP Data: 1998 to 2011 Source: World Bank
The latest value for Faroe Islands is for 2011. Most countries have figures for 2024.
Faroe Islands, 2011 6.3% % of GDP
Change from 2010 0percentage points 2010: 6.3%
World, 2011 0.6% Official aggregate

Personal remittances received in Faroe Islands over time

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Faroe Islands World ×

% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.

Personal remittances received (% of GDP), 2001 to 2025
Period Faroe IslandsWorld
2025 – 0.8%
2024 – 0.8%
2023 – 0.8%
2022 – 0.8%
2021 – 0.7%
2020 – 0.8%
2019 – 0.7%
2018 – 0.7%
2017 – 0.7%
2016 – 0.7%
2015 – 0.7%
2014 – 0.7%
2013 – 0.7%
2012 – 0.7%
2011 6.3% 0.6%
2010 6.3% 0.6%
2009 6.0% 0.7%
2008 5.5% 0.6%
2007 4.7% 0.6%
2006 4.4% 0.6%
2005 4.6% 0.5%
2004 2.9% 0.5%
2003 3.0% 0.5%
2002 3.1% 0.5%
2001 3.4% 0.4%

A dash means no value was published for that period.

In short

  • That is a change of 0 percentage points from 6.3% in 2010.
  • Since 2001, when it was 3.4%, the figure has changed by +3.0 percentage points.
  • The figure for the world in 2011 was 0.6%.

More for Faroe Islands

All statistics for Faroe Islands

Source and dates

Original producer
World Bank staff estimates based on IMF balance of payments data
Distributed by
World Bank, World Development Indicators
Dataset or series code
BX.TRF.PWKR.DT.GD.ZS · dataset details · view at source
Observation period
1998 to 2011 for Faroe Islands
Provider update
8 October 2026
Retrieved
9 November 2026
Published here
9 November 2026
Licence
CC BY 4.0 (per series metadata)
Attribution
Source: World Bank, World Development Indicators, original data: World Bank staff estimates based on IMF balance of payments data