Faroe Islands vs Sub-Saharan Africa: Gross domestic savings
Gross domestic savings over time
- Faroe Islands
- Sub-Saharan Africa
How they compare
Faroe Islands currently reports 31.5% against 1.0% in Sub-Saharan Africa, a difference of 30.5%.
That makes Faroe Islands's figure about 32.0 times Sub-Saharan Africa's.
The two have swapped places 3 times across 27 shared years of data; in 1998 it was Sub-Saharan Africa ahead.
Faroe Islands ranks 41st and Sub-Saharan Africa 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 | 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?
- Faroe Islands, at 31.5% against 1.0% in Sub-Saharan Africa as of 2024.
- What is the difference in gross domestic savings between Faroe Islands and Sub-Saharan Africa?
- 30.5%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Sub-Saharan Africa?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Sub-Saharan Africa rank globally for gross domestic savings?
- Faroe Islands ranks 41st and Sub-Saharan Africa 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.
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.