Faroe Islands — Current account (% of GDP)
% of GDP · Annual · 1998–2011 · 14 observations
About this series
The current account balance records a country's net transactions with the rest of the world in goods, services, primary income, and secondary income. A balance can be positive, negative, or zero. This series expresses the aggregate as a percentage of GDP for the matching period.
The current account reading for the Faroe Islands was 7.75% of GDP in 2011. The previous reading was 6.19% of GDP in 2010; the period change was +1.57 percentage points. Relative to the selected 10-year average of 2.8% of GDP, the latest reading was above.
Get the full series
- Annual data, 1998–2011
- The underlying source, downloadable
Latest observations
2002–2011
| Period | Value |
|---|---|
| 2011 | 7.75 % of GDP |
| 2010 | 6.19 % of GDP |
| 2009 | -1.07 % of GDP |
| 2008 | -1.23 % of GDP |
| 2007 | -3.44 % of GDP |
5 earlier values, back to 2002
| 2006 | 1.05 % of GDP |
| 2005 | 1.77 % of GDP |
| 2004 | 7.52 % of GDP |
| 2003 | -0.44 % of GDP |
| 2002 | 9.86 % of GDP |