Faroe Islands Current Account
Current account balance, current US dollars.
Current Account in Faroe Islands increased to 0.19 USD billion in 2011 from 0.14 USD billion in 2010.
Faroe Islands Current Account — History
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Faroe Islands Current Account — analysis in simple words
Latest reading
Current Account in Faroe Islands increased to 0.19 USD billion in 2011 from 0.14 USD billion in 2010.
It has risen in each of the last three years.
Recent trend
A year earlier (2010) it was $0.1B, so the latest figure is $0.1B higher.
Over the past five years the average was $0.0B, with a range from -$0.1B to $0.2B. The latest value is above that five-year average.
Historical context
This data series starts in 1998 and has 14 annual observations. The latest reading is higher than 86% of all of them.
The highest value on record is $0.2B (1998) and the lowest is -$0.1B (2007). The long-run average is $0.1B.
Statistics
- Latest
- $0.2B2011
- Previous
- $0.1B
- 5-year average
- $0.0B
- Long-run average
- $0.1Bsince 1998
- All-time high
- $0.2B1998
- All-time low
- -$0.1B2007
- Observations
- 14Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2011 | $0.2B | ▲ +0.1 |
| 2010 | $0.1B | ▲ +0.2 |
| 2009 | -$0.0B | ▲ +0.0 |
| 2008 | -$0.0B | ▲ +0.0 |
| 2007 | -$0.1B | ▼ −0.1 |
| 2006 | $0.0B | ▼ −0.0 |
| 2005 | $0.0B | ▼ −0.1 |
| 2004 | $0.1B | ▲ +0.1 |
| 2003 | -$0.0B | ▼ −0.1 |
| 2002 | $0.1B | ▼ −0.0 |
| 2001 | $0.1B | ▲ +0.0 |
| 2000 | $0.1B | ▼ −0.1 |
| 1999 | $0.2B | ▼ −0.0 |
| 1998 | $0.2B |
Current Account — Faroe Islands vs Peers
Latest available reading for each economy (periods may differ). Faroe Islands highlighted.
More Faroe Islands indicators
Understanding Current Account — a simple guide
What it measures
The current account balance in current US dollars.
How it is calculated
Trade balance + net income from abroad + net transfers, in US dollars.
A deficit of $40 billion means the country spent that much more abroad than it earned.
A surplus adds to national savings held abroad.
A deficit must be financed by foreign capital.
Why it matters for the economy and markets
It shows the absolute size of a country’s external surplus or deficit.
How to read it
Scale by GDP (current account to GDP) to compare countries.
Data source
World Bank — World Development Indicators (series BN.CAB.XOKA.CD), annual data from 1998 to 2011. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current current account of Faroe Islands?
What is the highest and lowest current account of Faroe Islands?
What does current account measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.