Faroe Islands vs Kuwait: Gross domestic savings
Faroe Islands
31.5%
in 2024
Kuwait
32.6%
in 2024
Faroe Islands rank
41st
Kuwait rank
38th
Gross domestic savings over time
- Faroe Islands
- Kuwait
How they compare
Kuwait currently reports 32.6% against 31.5% in Faroe Islands, a difference of 1.1%.
The two have swapped places 3 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 41st and Kuwait ranks 38th of 188 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 1 and Kuwait in 3.
Head to head by decade
| Decade | Faroe Islands | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.3% | 16.1% | 6.1% | Faroe Islands |
| 2000s | 16.1% | 44.1% | 28.0% | Kuwait |
| 2010s | 22.6% | 45.6% | 23.1% | Kuwait |
| 2020s | 30.5% | 35.3% | 4.8% | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Faroe Islands or Kuwait?
- Kuwait, at 32.6% against 31.5% in Faroe Islands as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and Kuwait?
- 1.1%, with Kuwait ahead.
- How many years of comparable data are there for Faroe Islands and Kuwait?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Kuwait rank globally for gross domestic savings?
- Faroe Islands ranks 41st and Kuwait ranks 38th 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.