Faeroe Islands Balance of payments Stats
Definitions
- Charges for the use of intellectual property, receipts > BoP, current US$: Charges for the use of intellectual property, receipts (BoP, current US$). Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.
- Charges for the use of intellectual property, receipts > BoP, current US$ per capita: Charges for the use of intellectual property, receipts (BoP, current US$). Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Charges for the use of intellectual property, receipts > BoP, current US$, % of GDP: Charges for the use of intellectual property, receipts (BoP, current US$). Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Insurance and financial services > % of service imports, BoP: Insurance and financial services (% of service imports, BoP). Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.
- Net primary income > BoP, current US$: Net primary income (BoP, current US$). Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.
- Net primary income > BoP, current US$ per million: Net primary income (BoP, current US$). Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars. Figures expressed per million population for the same year.
- Net primary income > BoP, current US$, % of GDP: Net primary income (BoP, current US$). Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Net secondary income > BoP, current US$: Net secondary income (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Net secondary income > BoP, current US$ per capita: Net secondary income (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Net secondary income > BoP, current US$, % of GDP: Net secondary income (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Personal remittances, received > Current US$: Personal remittances, received (current US$). Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.
- Personal remittances, received > Current US$ per capita: Personal remittances, received (current US$). Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Personal remittances, received > Current US$, % of GDP: Personal remittances, received (current US$). Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Primary income receipts > BoP, current US$: Primary income receipts (BoP, current US$). Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.
- Primary income receipts > BoP, current US$ per capita: Primary income receipts (BoP, current US$). Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Primary income receipts > BoP, current US$, % of GDP: Primary income receipts (BoP, current US$). Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Secondary income receipts > BoP, current US$: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Secondary income receipts > BoP, current US$ per capita: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Secondary income receipts > BoP, current US$, % of GDP: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Secondary income, other sectors, payments > BoP, current US$: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Secondary income, other sectors, payments > BoP, current US$ per capita: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Secondary income, other sectors, payments > BoP, current US$, % of GDP: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank staff estimates; World Bank staff estimates. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank staff estimates. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.
