Faroe Islands vs Latvia: Gross domestic savings
Gross domestic savings over time
- Faroe Islands
- Latvia
How they compare
Faroe Islands currently reports 8.81 billion current LCU against 8.38 billion current LCU in Latvia, a difference of 430.01 million current LCU.
That makes Faroe Islands's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 136th and Latvia ranks 137th of 187 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Faroe Islands | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.70 billion current LCU | 781.03 million current LCU | 914.22 million current LCU | Faroe Islands |
| 2000s | 1.71 billion current LCU | 2.81 billion current LCU | 1.10 billion current LCU | Latvia |
| 2010s | 4.00 billion current LCU | 5.18 billion current LCU | 1.18 billion current LCU | Latvia |
| 2020s | 7.69 billion current LCU | 7.54 billion current LCU | 145.32 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Faroe Islands or Latvia?
- Faroe Islands, at 8.81 billion current LCU against 8.38 billion current LCU in Latvia as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and Latvia?
- 430.01 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Latvia?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Latvia rank globally for gross domestic savings?
- Faroe Islands ranks 136th and Latvia ranks 137th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.