Faroe Islands vs Nicaragua: Gross savings
Gross savings over time
- Faroe Islands
- Nicaragua
How they compare
Faroe Islands currently reports 28.8% against 28.5% in Nicaragua, a difference of 0.3%.
The two have swapped places 2 times across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 48th and Nicaragua ranks 51st of 178 countries.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 40.4% | 12.8% | 27.7% | Faroe Islands |
| 2000s | 27.1% | 12.7% | 14.4% | Faroe Islands |
| 2010s | 26.1% | 17.4% | 8.6% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Faroe Islands or Nicaragua?
- Faroe Islands, at 28.8% against 28.5% in Nicaragua as of 2011.
- What is the difference in gross savings between Faroe Islands and Nicaragua?
- 0.3%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Nicaragua?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Nicaragua rank globally for gross savings?
- Faroe Islands ranks 48th and Nicaragua ranks 51st of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). 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 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.