World Bank · Economy

Faroe Islands: Current account balance (BoP, current US$)

194.30Mcurrent USD · 2011+32.9% since 2001

Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars. Annual figures for Faroe Islands from 1998 to 2011.