Faroe Islands vs IDA total: Gross domestic savings
Gross domestic savings over time
- Faroe Islands
- IDA total
How they compare
Faroe Islands currently reports 31.5% against -2.2% in IDA total, a difference of 33.7%.
That makes Faroe Islands's figure about 14.4 times IDA total's.
The two have swapped places 5 times across 27 shared years of data; in 1998 it was IDA total ahead.
Faroe Islands ranks 41st and IDA total ranks 43rd of 188 countries.
Faroe Islands has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Faroe Islands | IDA total | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.3% | 11.4% | 10.9% | Faroe Islands |
| 2000s | 16.1% | 6.7% | 9.3% | Faroe Islands |
| 2010s | 22.6% | 12.6% | 9.9% | Faroe Islands |
| 2020s | 30.5% | 7.4% | 23.0% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Faroe Islands or IDA total?
- Faroe Islands, at 31.5% against -2.2% in IDA total as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and IDA total?
- 33.7%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and IDA total?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and IDA total rank globally for gross domestic savings?
- Faroe Islands ranks 41st and IDA total ranks 43rd of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.