Trend 2005 - 2011. International Monetary Fund. Balance of Payments: Primary Income | Country: Faroe Islands | International Monetary Fund Subject: Primary income | Units: PRIMARY INCOME - Balance (US$), 2005-2011. Data-Planet™ Statistical Ready Reference by Conquest Systems, Inc. Dataset-ID: 056-006-005.

• Main Author: International Monetary Fund
• Format: Article in Journal/Newspaper
• Language: English
• Published: Data-Planet™ Statistical Ready Reference by Conquest Systems, Inc. 2015
• Subjects: Foreign Investment; International Investment; Gross National Income GNI; International Economic Organizations; Balance of Payments; Income; Faroe Islands
• Online Access: https://dx.doi.org/10.6068/dp14bacf9f64520; http://statisticaldatasets.data-planet.com/dataplanet/Datasheet_DOI_Servlet?ID=14bacf9f64520&type=datasheet&version=1

International Monetary Fund (2015). Balance of Payments: Primary Income | Country: Faroe Islands | International Monetary Fund Subject: Primary income | Units: PRIMARY INCOME - Balance (US$), 2005-2011. Data-Planet™ Statistical Ready Reference by Conquest Systems, Inc. [Data-file]. Dataset-ID: 056-006-005. Dataset: Reports primary income flows between resident and nonresident institutional units for International Monetary Fund member countries. Credit entries reflect primary income receivable by the reporting economy and debit entries reflect primary income payable by the reporting economy. The balance on primary income shows net primary income receivable by the reporting economy, which is defined as the total value of primary income receivable by the reporting economy less the total value of primary income payable. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. Two types of primary income are distinguished: (1) Income associated with the production process; and (2) Property income is the return for providing financial assets and renting natural resources. Investment income is the return for providing financial assets, comprising dividends and withdrawals from income of quasi-corporations, reinvested earnings, and interest. For each country, jurisdiction, or other reporting entity, the time series are provided as a balance and as credit vs debit in national currency as available, and in United States dollars. The Balance of Payments Statistics (BOPS) database, published by the International Monetary Fund (IMF), contains time series of quarterly and annual BOPS data for more than 180 countries, jurisdictions, or other reporting entities. For some of these countries, the data have been supplemented by data IMF economists have derived from other sources. BOPS summarizes the economic transactions of a country with the rest of the world. It reports total goods, services, factor income, and current transfers an economy receives from or provides to the rest of the world, as well as capital transfers and changes in each economy’s external financial claims and liabilities. The BOPS data are presented in accordance with the standard components of the sixth edition of the IMF Balance of Payments Manual (BPM6 [2009] http://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm). (For changes between BPM5 and BPM6, see Appendix 8 of the manual and http://www.imf.org/external/pubs/ft/bop/2007/bpm6faq.pdf.) Similarly, international investment position (IIP) data also are presented in the BPM6 format. The IIP of a country is a balance sheet of its stock of external financial assets and liabilities. For certain countries, the IIP data do not contain sufficient detail to warrant publication. For each country, jurisdiction, or other reporting entity included in the BOPS database, the time series are provided in national currency as available, and in United States dollars. Conversion is performed on the basis of average US dollar/national currency exchange rates for BOPS data and on end-of-period exchange rates for IIP data. When the data are available, the annual and quarterly entries begin in 2005. http://www.imf.org/external/pubs/ft/bop/2007/bpm6faq.pdf Category: International Relations and Trade Source: International Monetary Fund Headquartered in Washington, DC, the International Monetary Fund (IMF) was conceived at a United Nations conference convened in Bretton Woods, New Hampshire, United States, in July 1944. The 44 governments represented at that conference sought to build a framework for economic cooperation that would avoid a repetition of the vicious circle of competitive devaluations that had contributed to the Great Depression of the 1930s. As of 2012, the IMF has 188 member countries. Its primary purpose is to ensure the stability of the international monetary system, specifically the system of exchange rates and international payments that enables countries (and their citizens) to transact with one other. This system is essential for promoting sustainable economic growth, increasing living standards, and reducing poverty. The Fund’s mandate has recently been clarified and updated to cover the full range of macroeconomic and financial sector issues that bear on global stability. The IMF is a specialized agency of the United Nations but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy. http://www.imf.org/ Subject: Foreign Investment, International Investment, Gross National Income (GNI), International Economic Organizations, Balance of Payments, Income