Ecuador vs Faroe Islands: Gross savings
Gross savings over time
- Ecuador
- Faroe Islands
How they compare
Ecuador currently reports 27.9% against 27.3% in Faroe Islands, a difference of 0.6%.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Ecuador ranks 56th and Faroe Islands ranks 57th of 178 countries.
Across the 3 decades both report, Ecuador averaged higher in 1 and Faroe Islands in 2.
Head to head by decade
| Decade | Ecuador | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 19.6% | 39.1% | 19.5% | Faroe Islands |
| 2000s | 24.3% | 26.3% | 2.0% | Faroe Islands |
| 2010s | 26.6% | 25.2% | 1.4% | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Ecuador or Faroe Islands?
- Ecuador, at 27.9% against 27.3% in Faroe Islands as of 2025.
- What is the difference in gross savings between Ecuador and Faroe Islands?
- 0.6%, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Ecuador and Faroe Islands rank globally for gross savings?
- Ecuador ranks 56th and Faroe Islands ranks 57th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.