Bahamas vs Faroe Islands: Gross savings
Gross savings over time
- Bahamas
- Faroe Islands
How they compare
Faroe Islands currently reports 3.87 billion current LCU against 3.04 billion current LCU in Bahamas, a difference of 829.18 million current LCU.
That makes Faroe Islands's figure about 1.3 times Bahamas's.
The two have swapped places 4 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Bahamas ranks 154th and Faroe Islands ranks 151st of 177 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bahamas | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.24 billion current LCU | 3.08 billion current LCU | 843.09 million current LCU | Faroe Islands |
| 2000s | 2.75 billion current LCU | 2.87 billion current LCU | 114.23 million current LCU | Faroe Islands |
| 2010s | 2.22 billion current LCU | 3.47 billion current LCU | 1.25 billion current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Bahamas or Faroe Islands?
- Faroe Islands, at 3.87 billion current LCU against 3.04 billion current LCU in Bahamas as of 2011.
- What is the difference in gross savings between Bahamas and Faroe Islands?
- 829.18 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Bahamas and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Bahamas and Faroe Islands rank globally for gross savings?
- Bahamas ranks 154th and Faroe Islands ranks 151st of 177 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.