Faroe Islands vs Sub-Saharan Africa (IDA & IBRD countries): Gross domestic savings
Gross domestic savings over time
- Faroe Islands
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Faroe Islands currently reports 31.5% against 1.0% in Sub-Saharan Africa (IDA & IBRD countries), a difference of 30.5%.
That makes Faroe Islands's figure about 32.0 times Sub-Saharan Africa (IDA & IBRD countries)'s.
The two have swapped places 3 times across 27 shared years of data; in 1998 it was Sub-Saharan Africa (IDA & IBRD countries) ahead.
Faroe Islands ranks 41st and Sub-Saharan Africa (IDA & IBRD countries) ranks 40th 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 | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.3% | 9.8% | 12.5% | Faroe Islands |
| 2000s | 16.1% | 11.2% | 4.9% | Faroe Islands |
| 2010s | 22.6% | 17.2% | 5.3% | Faroe Islands |
| 2020s | 30.5% | 13.0% | 17.5% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Faroe Islands or Sub-Saharan Africa (IDA & IBRD countries)?
- Faroe Islands, at 31.5% against 1.0% in Sub-Saharan Africa (IDA & IBRD countries) as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and Sub-Saharan Africa (IDA & IBRD countries)?
- 30.5%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Sub-Saharan Africa (IDA & IBRD countries)?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Sub-Saharan Africa (IDA & IBRD countries) rank globally for gross domestic savings?
- Faroe Islands ranks 41st and Sub-Saharan Africa (IDA & IBRD countries) ranks 40th 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.
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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.