Faroe Islands vs Papua New Guinea: Gross savings
Gross savings over time
- Faroe Islands
- Papua New Guinea
How they compare
Faroe Islands currently reports 3.87 billion current LCU against 3.85 billion current LCU in Papua New Guinea, a difference of 22.29 million current LCU.
The two have swapped places 1 time across 7 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 151st and Papua New Guinea ranks 152nd of 177 countries.
Across the 2 decades both report, Faroe Islands averaged higher in 1 and Papua New Guinea in 1.
Head to head by decade
| Decade | Faroe Islands | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.08 billion current LCU | 1.55 billion current LCU | 1.53 billion current LCU | Faroe Islands |
| 2000s | 3.23 billion current LCU | 3.29 billion current LCU | 61.16 million current LCU | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Faroe Islands or Papua New Guinea?
- Faroe Islands, at 3.87 billion current LCU against 3.85 billion current LCU in Papua New Guinea as of 2011.
- What is the difference in gross savings between Faroe Islands and Papua New Guinea?
- 22.29 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Papua New Guinea?
- 7 years are reported by both, from 1998 to 2004.
- How do Faroe Islands and Papua New Guinea rank globally for gross savings?
- Faroe Islands ranks 151st and Papua New Guinea ranks 152nd 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.
Individual pages
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.