Faroe Islands vs Low income: Gross domestic savings
Gross domestic savings over time
- Faroe Islands
- Low income
How they compare
Faroe Islands currently reports 31.5% against 10.2% in Low income, a difference of 21.3%.
That makes Faroe Islands's figure about 3.1 times Low income's.
The two have swapped places 2 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 41st and Low income ranks 38th of 188 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 3 and Low income in 1.
Head to head by decade
| Decade | Faroe Islands | Low income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.3% | 11.8% | 10.4% | Faroe Islands |
| 2000s | 16.1% | 18.1% | 2.0% | Low income |
| 2010s | 22.6% | 12.4% | 10.2% | Faroe Islands |
| 2020s | 30.5% | 10.7% | 19.8% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Faroe Islands or Low income?
- Faroe Islands, at 31.5% against 10.2% in Low income as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and Low income?
- 21.3%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Low income?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Low income rank globally for gross domestic savings?
- Faroe Islands ranks 41st and Low income 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.